–Committee For Responsible Federal Budget Starts ‘Fix The Debt’ Effort
–Budget Group Seeks Comprehensive Debt Reduction Plan By July 4, 2013
–Budget Group Says U.S. Faces a ‘Pivotal Moment In History’
By John Shaw
WASHINGTON (MNI) – The Committee for a Responsible Federal Budget
will launch another effort this week to get American policymakers,
business executives, and civic leaders engaged in pushing a “real deal”
to reduce long-term budget deficits.
The new effort, called “Fix the Debt,” will be co-chaired by former
Senate Budget Committee Chairman Judd Gregg and former Pennsylvania
governor Ed Rendell. Gregg is a Republican and Rendell is a Democrat.
The “Fix the Debt” campaign will be kicked off Tuesday afternoon in
a Washington event including Gregg, Rendell, Erskine Bowles, Pete
Peterson, Alice Rivlin and other deficit hawks.
“America faces a pivotal moment in history,” the “Fix the Debt”
campaign said in a statement.
It said that it’s central goal is to “galvanize national support
for a comprehensive debt reduction plan that Congress can pass and the
President will sign by July 4, 2013 at the very latest.”
The campaign is designed to “make clear the consequences of not
enacting such a plan, and create an environment where voting ‘yes’ on a
comprehensive debt reduction plan is good policy and good politics.”
For more than a decade, budget groups have launched efforts to
educate policymakers and the public about the long-term dangers of
American fiscal policy.
The results so far have been less than stellar: a string of
trillion dollar budget deficits and a deeply stalemated political debate
on Capitol Hill in which Democrats are reluctant to make concessions on
entitlement reform and Republicans have show little interest in
increasing revenues.
** MNI Washington Bureau: (202) 371-2121 **
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