As Governor, Kerrey inherited a budget deficit, but by the time he left office in 1987, he had balanced the state's budget and turned its deficit into a budget surplus. As Senator, Kerrey served on the Senate Finance Committee and on several congressionally chartered commissions, including the Kerrey-Danforth Bipartisan Commission on Entitlement and Tax Reform, 1993-95, and the Breaux-Thomas National Bipartisan Commission on the Future of Medicare, 1997-99. The findings of these commissions are often cited as definitive analyses of our nation's entitlement system and the options for entitlement reform.
Bob Kerrey is someone who understands the depth of the problems facing Social Security and Medicare and has the courage to prescribe the tough medicine necessary to create a strong economic future for all generations,” said Concord Co-Chair Warren Rudman.
“From his days in the Governor's mansion through his time in the Senate, Bob Kerrey is known for his vision, candor and willingness to tackle the big issues,” said Concord Co-Chair Sam Nunn. “I look forward to working with him on Concord's efforts to save the surplus, pay down the national debt and reform our entitlement system.”
“I served with Bob Kerrey on the Kerrey-Danforth Commission and I can tell you that he has an unwavering commitment to fiscal responsibility and generationally responsible entitlement reform. He is an influential leader who isn't afraid to make the tough choices needed to ensure that future generations enjoy economic prosperity, ” said Concord President Peter Peterson.
The Concord Coalition is a nonpartisan, grass roots organization dedicated to balanced federal budgets and generationally responsible fiscal policy. Former U.S. Senators Warren Rudman (R-N.H.) and Sam Nunn (D-Ga.) serve as Concord's co-chairs and former Secretary of Commerce Peter Peterson serves as president. The organization does not endorse, support or oppose candidates for public office or political parties.