Senator Collins participated in a Fiscal Wake-Up Tour event hosted by the Concord Coalition. Senator Collins, former U.S. Comptroller General David Walker, Concord Coalition Executive Director Bob Bixby, Stuart Butler of the Brookings Institution, and Will Marshall from the Progressive Policy Institute discussed present and future fiscal policy.
The event is among many similar events hosted by the Concord Coalition throughout the nation to address the mounting federal deficit and policy solutions. The event also came on the day that the Obama administration increased ten-year deficit projections to $9 trillion.
“We need to make some fundamental changes in the way that we have approached spending in this country,” said Senator Collins. “If we don’t, our future commitments and our ever-growing demand for government services will devour our economy. But if we do make some tough choices, we can put this country back on a track so that future generations will be able to enjoy something that every American generation has enjoyed so far - a better quality of life than the generation that preceded it.”
The panel discussed and took questions on issues ranging from the budget, healthcare, and the long-term fiscal health of social security and Medicare.
Here's video from the event:
from the Portland Press Herald:
In Maine, coalition sounds alarm on consequences of debt
Americans should spend less, save more and start thinking about how the nation's mounting debt will affect their children's and grandchildren's quality of life.
That was the message delivered Tuesday by a panel of financial experts and members of the Concord Coalition, a nonpartisan organization that has dedicated itself to educating the public about the consequences of federal budget deficits.
The panelists came to Maine this week as part of their "Fiscal Wake-Up Tour," a national event organized by the coalition and aimed at cutting through partisan rhetoric and stimulating public debate on ways government can reduce spending.
Members met with the Portland Press Herald/Maine Sunday Telegram editorial board Tuesday morning before traveling to the Nonantum Resort in Kennebunkport, where they co-hosted a forum with U.S. Sen. Susan Collins, R-Maine.
About 200 people attended the forum and listened to the panel discuss ways to reduce the deficit – on the same day the Obama administration predicted a skyrocketing 10-year federal deficit of $9 trillion... Read more >>