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The Travelers Institute Premieres "Overdraft," Documentary About National Debt Crisis


Posted on 13 Jun 2012 by Neilson

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TravelersPresident Bill Clinton, Governor Mitch Daniels, Senators Judd Gregg and Kent Conrad, Mayor Cory Booker and Former OMB and CBO Directors Alice Rivlin and Peter Orszag are among the government, business and community leaders who offered their perspectives on America’s debt crisis and its implications for the nation’s future in “Overdraft,” a new documentary that premiered on June 11, 2012, at The Mint Museum in Charlotte, N.C. The Travelers Institute has underwritten the documentary, produced by Susie Films, with WTVI-TV, the Charlotte PBS affiliate. WTVI will air the one-hour film on June 18, 2012, at 8 p.m. EDT. A national distribution schedule will be announced later this summer.

“The inevitable impact of demographic trends in the U.S. will result in additional federal spending of $1 trillion more in 2020 than today's level. Absent action, the cumulative effect of this trend has the ability to significantly compromise America's future,” said Jay Fishman, Chairman and CEO of The Travelers Companies, Inc., who shares his views in the documentary. “‘Overdraft’ will give viewers a better understanding of the deficit’s critical implications, both in their daily lives and for continued U.S. economic competitiveness, and highlights the choices that will have to be made to enable our country to continue to prosper. I benefited tremendously from the American opportunity and feel a deep sense of responsibility for preserving it for future generations.”

As an advocate for economic opportunity, Travelers has joined forces with some of the leading public minds on this topic to raise Americans’ awareness of this pressing issue, discuss ways to manage the problem, and motivate individuals to participate in the ongoing economic debate.

“WTVI is pleased to have been a part of this documentary, which should be seen by every American. The subject is probably the biggest threat to our nation in our lifetime and we need to figure a way out sooner rather than later,” said Elsie Garner, President of WTVI.

The producer for “Overdraft” is Scott Galloway, founder of Susie Films, which has produced more than 650 television programs for networks including ABC, History Channel, A&E, Court TV, ESPN, Food Network, HGTV, and the Travel Channel. Highlights of Galloway’s television career include “America's Castles,” “Crime Stories,” “The Greatest Trials of All Time,” and the New York Film and Television Award-winning documentary “The Scottsboro Boys.” He also directed and produced the feature-length documentaries “A Man Named Pearl” and “Children of All Ages.”
To see a trailer of “Overdraft” and Jay Fishman’s “100 Words” on his family’s American Opportunity story, visit www.TravelersInstitute.org.


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