U.S. Debt Experts Weigh In On Spending at Lecture

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COLLEGE STATION, Texas Two key experts in the state of the economy were on hand Wednesday night at the Annenberg Presidential Conference Center at Texas A&M.

President Bill Clinton's Former Chief of Staff Erskine Bowles as well as former Wyoming Senator Alan Simpson spoke about the state of the economy and concerns they say about out of control spending.

Both men served on the National Commission of Fiscal Responsibility and Reform in 2010 advocating for changes to healthcare and even social security and say the country is in crisis.

"You don't even have a long range plan to deal with it. In fact you have been operating your country for the last four years without even a budget," said Erskine Bowles.

"The most caring and decent man I have ever known or worked with in public life is George Herbert Walker Bush," said Senator Alan K. Simpson, (R) Wyoming (Retired).

President George H. W. Bush and his wife Barbara were also in attendance.

Erskine Bowles and Alan Simpson were presented Mosbacher Good Governance Awards.