First National Bank of Fort Smith and the UAFS College of Business are once again teaming up to help educate students about the federal budget and national debt by hosting an interactive workshop from 11:30 a.m. to 1 p.m. Friday, Oct. 11, in the Reynolds Room of the Smith-Pendergraft Campus Center.
The "Fix the Debt" workshop will be facilitated by a team member from the Committee for a Responsible Federal Budget (CRFB), which is an independent, non-profit, bipartisan public policy organization based in Washington, D.C., that addresses federal budget and fiscal issues.
The event - which is open to all students on campus - will introduce students to an interactive online tool known as The Debt Fixer. Students will work together to debate the difficult trade-offs necessary to put the United States on a sustainable economic budget path. The tool allows students to quickly see how adjustments to budget priorities in health care, defense, Social Security, taxes, and other domestic spending impact the national debt. Students will gain greater awareness of current economic issues as well as an appreciation of the trade-offs facing policymakers.
This is the second year to bring "Fix the Debt" to the UAFS campus. Dr. Ashok Subramanian, dean of the College of Business, explained why the College of Business and First National Bank wanted to repeat the experience. “The College of Business strives to bring real-world, learning-by-doing opportunities to our students. Students attending last year’s event gave us rave reviews for the experience. They enjoyed the high level of interactivity and debate very much. We value our partnerships with the business community and are proud to once again join with First National Bank of Fort Smith to bring this experience to our students.”
First National Bank of Fort Smith will be sponsoring lunch for attendees as well as a t-shirt and prize giveaways.
Based on the CRFB.org website, “The Campaign to Fix the Debt is a non-partisan national movement to put our country on a better fiscal and economic path. America's growing national debt profoundly threatens our economic future, and achieving a comprehensive and bipartisan solution remains Fix the Debt’s primary purpose.”