From: socsec_list at mail.socsec.org To: socsec_list at mail.socsec.org Subject: Media Advisory: Economists for Increased National Savings Date: Tue, 02 Mar 1999 11:22:19 -0500 Originator: socsec_list at mail.socsec.org X-GroupMasterUser: TCF
ECONOMISTS FOR INCREASED NATIONAL SAVINGS
**MEDIA ADVISORY**
Use through MONDAY, MARCH 8, 1999, 10 a.m.EST
Top Economists, Including Six Nobel Prize Winners, Speak Out to Support Presidentís Plan to Reduce Debt.
Nobel Laureate Robert Solow Will Highlight March 8 News Conference.
WASHINGTON, DC. Over 100 of the nationís leading economists, united under the banner of Economists for Increased National Savings, will announce their support for President Bill Clintonís FYí00 budget priority to save the surpluses, in a joint statement to be released on March 8, 1999. The signers endorse the Administrationís plan to direct the bulk of the $4.4 trillion of net budget surpluses away from additional spending or tax cuts, and toward a productive, long-term strategy of saving today for a mor e prosperous America tomorrow.
According to the statement, the Presidentís proposed policy will ìfree up trillions in the hands of private investors who will be able to lend the money to businesses for investment.î ìSaving and investing is the only real way,î they urge, ìto ease the burden on future workers.î Co-signers include: Nobel Laureates Kenneth Arrow, Lawrence Klein, Paul Samuelson, Franco Modigliani, Robert Solow, and James Tobin, as well as other leaders with distinguished careers in economics, finance, academia, public pol icy, and government service. The statement will be released at a:
News Conference-- Economists for Increased National Savings
Monday, March 8, 1999, 10:00 a.m.
National Press Club - Lisagore Room
529 14th Street, NW Washington, DC
Nobel Laureate Robert Solow, and noted economists Alicia Munnell and Peter Diamond are scheduled to represent the group at the press conference.
They will articulate why the proposal is solid public policy, particularly to ensure a more financially secure future for an aging American society.
Copies of the full text of the statement and an entire list of signatories will be available after the press conference and for release at 11:00 a.m. For additional information, please contact Lisa-Joy Zgorski at (202) 745-5471 or zgorski at tcf.org.
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For more information, please contact:
Lisa-Joy Zgorski zgorski at tcf.org 202) 745-5471