The Time To Act Is Now(So, the time to act is NOW, but not through DRASTIC tax hikes.)
Immediate action must be taken to reverse the ballooning debt. Congress and the President have deferred this decision too long. The upcoming “fiscal cliff” provides an opportunity to replace the drastic, automatic tax hikes and spending cuts with a gradual and intelligent plan. The principles of the Campaign to Fix the Debt provide guidance on how to move forward.
America’s Debt Is Unsustainable
The United States’ debt is over $16 trillion, and growing by more than $1 trillion per year. Mounting debt will lead to higher interest rates, lower wage growth, and an eventual economic crisis.A Solution Must Address All Parts of the Budget
(Gosh, this sounds awful. Returning tax rates to 1990's levels should help, right?)
Any realistic solution to our budget problems must cut out wasteful and low priority spending, must slow the growth of unsustainable entitlement costs, and must simplify the tax code and eliminate loopholes through pro-growth and revenue-positive tax reform. The recommendations of the Simpson-Bowles National Commission On Fiscal Responsibility and Reform and other recent bipartisan efforts can serve as an effective framework for a plan to reduce the federal debt by more than $4 trillion over ten years.(Do the Fix The Debt people know how much the debt would be
reduced if we allowed the automatic budget cuts and income tax
rate increases to proceed? )
I don't know. Does this fire you up about Fixing The Debt as much as it does for me?
They don't say how many Facebook "likes" they have, but they apparently do have 300k signatures from American