Press Release
Wednesday, April 02, 1997

WASHINGTON--Former Senator Sam Nunn (D-Ga.) has been named co-chairman of the Concord Coalition, a nationwide, grassroots organization dedicated to ending federal budget deficits and building a sound economy for future generations.

The Concord Coalition was founded in 1992 by the late Paul Tsongas (D-Mass.), former Senator Warren Rudman (R-N.H.), and former Secretary of Commerce Pete Peterson. It now has nearly 200,000 members nationwide, and grassroots chapters in every state.

Nunn, who served four terms as U.S. Senator from Georgia, comes to the Coalition with a solid record on deficit reduction and entitlement reform issues. Over the past two years, Nunn achieved the highest average score (96%) of any Senator on Concord's "Tough Choices" Deficit Reduction Scorecard.

In 1991, Senator Nunn joined with Senator Pete Domenici (R-NM) to co-chair the Center for Strategic and International Studies (CSIS) "Strengthening of America Commission." The Commission analyzed America's short and long-term domestic economic challenges and developed a plan to address them. Among the recommendations was a comprehensive proposal to balance the budget by 2002, and a nationwide campaign to educate the public about the need to get our fiscal house in order.

"Throughout his career in the U.S. Senate, Sam Nunn was at the forefront of efforts to make our government more fiscally, and generationally responsible," said Concord Co-Chair Warren Rudman. "We share a deep-held belief that this country cannot continue much longer on its present course without threatening its status as an economic superpower."

"I simply can think of no one who could fill the gaping hole that was left by the death of Paul Tsongas as well as Sam Nunn," said Concord President Pete Peterson. "Like Paul Tsongas, Sam Nunn treats American voters like the grownups they are, has a clear understanding of the economic challenges we face, and isn't afraid to prescribe the tough choices necessary to secure our future. Those are rare qualities indeed."

During a press conference this morning announcing the appointment of the new co-chair, Rudman and Nunn challenged President Clinton and Congress to come up with a balanced budget that will reach a zero deficit by 2002, and prepare the economy for the retirement of the giant "baby boom" generation."

"I am honored to be a part of this Coalition because I agree with the positions it has taken and I agree with the future that it sees for America," Nunn said during the press conference. "It is a very promising future if we begin making changes now that will prepare us for the economic challenges we face very early in the next century."