Clinton Global Initiative: National Debt Talk
ST. LOUIS (KMOX) - Philanthropist Pete Peterson spoke to some of the one-thousand college students from 75 countries attending the Clinton Global Initiative University conference at Washington University on Saturday.
“We have too many lobbyists representing today and today’s special interests, but we don’t have a special interest for the future,” Peterson said.
Peterson helped organize the “Up to Us” competition at CGIU, with a $10,000 prize going to the team with the best action plan on tackling the nation’s debt crisis.
The University of Virginia’s entry won. To learn more, click here.
Former President Bill Clinton told the gathering, “You don’t have to be a Nobel Prize winning economist to see this is a problem. And you have the most to gain by finding the most-intelligent way to deal with it.”
Clinton went on to say, “Many in my political party say ‘Why do you care about the debt now?’ The reason is: as soon as the economy grows, and growth takes hold, more private-sector borrowing will occur, there’ll be more competition for money, and interest rates will rise.”
U.S. Senator Claire McCaskill (D-Mo.) spoke at one of Saturday’s sessions. She encouraged participants to dream as big as they can.
The conference wraps-up, Sunday, with a community service project at Gateway STEM High School.