Press Release
Sunday, January 13, 2002

WASHINGTON – The Concord Coalition announced today that former Senator Bob Kerrey (D-NE) has been named its new Co-Chairman, joining former Senator Warren B. Rudman (R-NH).  Senator Kerrey has been a member of Concord's Board of Directors since January 2001.

The Concord Coalition was founded in 1992 with Senator Rudman and the late Senator Paul Tsongas (D-MA) as founding Co-Chairmen, and former Commerce Secretary Peter G. Peterson as President.  Concord Coalition Board member and former Senator Sam Nunn (D-GA) served as Co-Chairman from 1997 through 2001.

Currently the President of New School University in New York City, Senator Kerrey previously served his home state of Nebraska as Governor from 1983-87 and as U.S. Senator for two terms, from 1989 to 2001.

In Congress, Senator Kerrey served on several congressionally chartered commissions, including the Kerrey-Danforth Bipartisan Commission on Entitlement and Tax Reform, and the Breaux-Thomas National Bipartisan Commission on the Future of Medicare.  The findings and final report of the Kerrey-Danforth Commission, released in January 1995, are often cited by economic experts and national leaders as the definitive analysis of the nation's entitlement system and a turning point in the debate on 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 in welcoming Senator Kerrey as his new Co-Chairman.

“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, ” added Concord President Peter G. Peterson.

The Concord Coalition is a nonpartisan, grass roots organization dedicated to balanced federal budgets and generationally responsible fiscal policy.