Debt Crisis Debate in NC

Jul 26, 2011

Fiscal policy experts and money managers came together today at UNC-Chapel Hill to debate the country’s impending debt crisis. 

U.S. Senator Kay Hagan told the crowd – it’s time for shared sacrifices as the country gets close to hitting its 14-point-3 trillion dollar debt ceiling.

Kay Hagan:  "And I think that’s where the public is going to have to get involved and say, you know, Washington, it’s time to put those partisanship battles aside, this is serious stuff."

Greg Brown is a finance professor at UNC’s Kenan-Flagler Business School.  Brown says it’s time for young people to get involved – and call home.

Greg Brown:  "Say, mom, dad, I’m really sorry, you can’t have all the benefits that you’ve promised yourself or you’re going to give me a bankrupted country."

PBS Host Charlie Rose moderated the talk.