State capitals are abuzz with budgetary chain saws slicing education, health, and social service spending. Controversies abound -- about what to cut, whether to raise taxes, whether budget crises are real or overblown, whether children's programs are investments in the future or unaffordable and overpriced. In Washington, D.C., with aid to the states from the American Recovery and Reinvestment Act drawing to a close, Congress and the White House are battling over where and how much to cut in current and future budgets. While most public resources for kids and families come from state and local coffers, Uncle Sam remains a prime player. This panel of experts assesses the condition of state budgets and the portions for children and families; share first-hand experiences of how governors and budget officers choose priorities; discuss how states can align priorities, expenditures, and revenues; weigh the federal government's contributions to solving or aggravating state woes; and consider how lawmakers should think about budgetary trade-offs.