Avoiding a Debt Crisis: What Must Be Done Now to Fix the Debt (Video of Nashville Forum)

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Date and Time:

Tuesday, January 29, 2013 - 7:30am - 9:00am

Address:

Lipscomb University

Ezell Center Room 301

Nashville, TN

Summary:

Former Tennessee Gov. Phil Bredesen, Fix the Debt State Co-Chair Tim Pagliara and Concord Coalition Executive Director Robert L. Bixby discussed solutions to the rapidly growing federal debt at a breakfast program Jan. 29 at Lipscomb University’s Ezell Center.

The program, “Avoiding a Debt Crisis: What Must be Done Now to Fix the Debt,” was co-sponsored by 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 American public better understand the need for comprehensive fiscal reforms to put the government on a more responsible path.

The discussion included the need for reforms in the big federal entitlement programs, cuts in other spending programs, 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 can curb the rapid growth in the country’s debt and eventually stabilize it.

The discussion also included 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 .

More Details:

WHO:

Phil Bredesen took office as Tennessee’s 48th governor in January, 2003 and was re-elected in November, 2006. He served as mayor of Nashville from 1991 to 1999. Before entering public service, he worked in the health care industry. He is a member of the National Steering Committee of Fix the Debt.

Tim Pagliara, the chairman and chief executive officer of CapWealth Advisors, is a Tennessee co-chair for Fix the Debt. He is a long-time veteran of the securities industry as well as a member of the Tennessee Bar Association.

Robert L. Bixby has been the executive director of The Concord Coalition since 1999 and has been with the organization since its founding in 1992. He speaks around the country on the nation’s fiscal and economic challenges and is widely quoted in the news media.

Turney Stevens, dean of the Lipscomb University College of Business, will serve as the program moderator.

WHAT: Breakfast Discussion -- “Avoiding a Debt Crisis: What Must Be Done Now to Fix the Debt”

WHEN: 7:30 a.m. to 9 a.m. Tuesday, Jan. 29

WHERE: Room 301, Ezell Center, Lipscomb University, Nashville

About Concord - Fix The Debt Events:

The Concord Coalition has partnered with the Campaign to Fix the Debt to host a series of public engagement events across the country. Each program will include speakers of diverse ideological perspectives and suggest options to achieve a comprehensive plan to fix our long term debt and deficits. For more background on these challenges and to learn about future events go to fixthedebt.org and concordcoalition.org/fixthedebt.