Wednesday, December 26, 2012

Fix The Debt: Immediate, Gradual Stuff Must Be Done, Soon

Speaking of astroturfs, as we approach the looming Fiscal Cliff, after which income tax rates will revert back to Clinton Administration, 1990's levels, and across-the-board cuts through sequestration will take effect--cuts necessitated because Republican teabags in Congress demanded scalps in order to raise the debt limit, I thought I would venture over to the website belonging to the latest Next Great Debt Thing organization to see what they had to say about the prospect of increasing revenue levels in order to, you know, fix the debt. Surely, they must heartily approve of ending the Bush tax cuts.

Um,  no:

The Time To Act Is Now


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.
          (So, the time to act is NOW, but not through DRASTIC tax hikes.)
          
          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.

(Gosh, this sounds awful. Returning tax rates to 1990's levels should help, right?)
          A Solution Must Address All Parts of the Budget
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 businesspeople citizens allegedly supporting their plan.