Alum appointed to Obama fiscal commission

Last week, President Barack Obama named Penn alumnus Andy Stern as one of the individuals serving on his fiscal commission.

The bipartisan National Commission on Fiscal Responsibility and Reform — announced by Obama on Feb. 18 — aims to submit a proposal by Dec. 1 to reduce annual deficits to three percent of the gross domestic product by 2015.

According to a White House press release, the commission will be co-chaired by former White House Chief of Staff Erskine Bowles and former Republican Senate Whip Alan Simpson.

Stern, Erskine and Simpson, along with three other appointees, were named by the President. The remaining 12 members will be appointed by Senate and House leaders.

Stern, who received his bachelor’s degree in education and urban planning from Penn in 1971, is currently the president of the Service Employees International Union, which represents over 2.2 million healthcare workers and public servants nationwide.

Comments (1)

The last decade, from 2000 to 2009, was kind of a lost decade of economic growth – real GDP growth, or Gross Domestic Product, was hovering under 2% for , as they are called. Well, I just hope that our economy would pass all the problems it has. Living in times of unstable economy is not that easy for there is a possibility that lots of lay-offs among big companies.

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