July 30, 2014

Forum Thursday in West Palm Beach to Highlight Possible Solutions to Rising Federal Debt

WEST PALM BEACH, FLA. -- A panel of experts on fiscal issues will discuss solutions to the growing federal debt at a lunch program at the Economic Forum of Palm Beach County on Thursday, June 13.

The speakers will be Paul Stebbins, executive chairman of the Board of World Fuel Services Corp.; Julio Fuentes, president and CEO of the Florida State Hispanic Chamber of Commerce, and Robert L. Bixby, executive director of The Concord Coalition.  

The Economic Forum of Palm Beach County is hosting the program, titled “Fix the Debt and Why It Matters.” Its co-sponsors are the Campaign to Fix the Debt and The Concord Coalition, two non-partisan organizations that work in Washington and around the country to help elected officials and the public better understand the need to put the government on a more responsible path. Stebbins and Fuentes are members of the Florida steering committee for Fix the Debt.

The discussion will include the need for reforms in the federal entitlement programs, cuts in other domestic spending programs as well as the defense budget, improvements in the health care system and significant changes in the tax code. As the National Commission on Fiscal Responsibility and Reform and other bipartisan organizations have shown, such a broad approach could eventually stabilize the federal debt.

The speakers will also discuss the importance of bipartisan cooperation and the need to simultaneously address short-term economic concerns and longer-term fiscal challenges. For more background on these challenges, see fixthedebt.org and concordcoalition.org.

WHAT: “Fix the Debt and Why It Matters” forum

WHEN: 11:50 a.m. to 1:15 p.m. Thursday, June 13

WHERE: Kravis Center, Cohen Pavilion, 701 Okeechobee Bvld., West Palm Beach, Fla.

SPEAKERS:

Paul Stebbins is executive chairman of the board of World Fuel Services Corp.and has been an executive and director of the company since 1995. He was a co-founder of Trans-Tec Services, Inc., a global marine fuel services company acquired by World Fuel in 1995. Stebbins is also a director of First Solar, Inc.and a member of the Florida steering committee for Fix the Debt.

Julio Fuentes is the president and CEO of the Florida State Hispanic Chamber of Commerce. After working on Wall Street for several years as an investment banker, he joined the Jacksonville Chamber of Commerce as a membership specialist. Ranked as one of Florida’s 100 Most Influential Leaders by Florida Trend Magazine, Fuentes is also a member of the state steering committee for Fix the Debt.

Robert L. Bixby is executive director of The Concord Coalition and speaks around the country on the nation’s fiscal challenges and possible solutions to them. He has also served on the Bipartisan Policy Committee’s Debt Reduction Task Force. He has testified at congressional hearings and been interviewed by news organizations around the country on federal budget issues..

For more information call (404) 354-7445 or email psmith@concordcoalition.org

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The Concord Coalition is a nonpartisan, grassroots organization dedicated to fiscal responsibility. Since 1992, Concord has worked to educate the public about the causes and consequences of the federal deficit and debt, and to develop realistic solutions for sustainable budgets. For more fiscal news and analysis, visit concordcoalition.org and follow us on Twitter: @ConcordC