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Fri Feb 22, 2013, 11:49 AM

Wall St billionaire Pete Peterson is scheming to "Fix the Debt," but if he wins, we lose.

The Campaign to Fix the Debt is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire Pete Peterson to slash earned benefit programs such as Social Security and Medicare under the guise of fixing the nation's "debt problem." Through this special report -- and in partnership with The Nation magazine -- the Center for Media and Democracy exposes the funding, the leaders, the partner groups, and phony state "chapters" of this $60 million "astroturf supergroup," whose goal is to achieve a grand bargain on austerity by July 4, 2013.

MORE on this greedy scoundrel and his "Fix the Debt" group:

http://www.sourcewatch.org/index.php?title=Portal:Fix_the_Debt



ALSO see xchrom's post on DU about these scum:

http://www.democraticunderground.com/?com=view_post&forum=1002&pid=2412724

5 replies, 866 views

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Reply Wall St billionaire Pete Peterson is scheming to "Fix the Debt," but if he wins, we lose. (Original post)
ProfessionalLeftist Feb 2013 OP
Octafish Feb 2013 #1
alsame Feb 2013 #2
ProfessionalLeftist Feb 2013 #3
ProfessionalLeftist Feb 2013 #4
ProfessionalLeftist Feb 2013 #5

Response to ProfessionalLeftist (Original post)

Fri Feb 22, 2013, 12:40 PM

1. Welfare for Wall Street. Austerity for the 99-percent.

Don't even think about Just-us.

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Response to ProfessionalLeftist (Original post)

Fri Feb 22, 2013, 12:42 PM

2. See this link for

membership.

Chairmen are: Michael Bloomberg, Judd Gregg and Ed Rendell

http://www.fixthedebt.org/uploads/files/CEO%20Fiscal%20Leadership%20Council%20Membership%202-19-13.pdf

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Response to alsame (Reply #2)

Fri Feb 22, 2013, 01:50 PM

3. Thank you! n/t

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Response to alsame (Reply #2)

Fri Feb 22, 2013, 02:27 PM

4. Don't miss this part which explains Peterson's ties to Simpson-Bowles

At the launch of the Simpson-Bowles Commission it was announced that the Commission would be "partnering with outside groups," such as the Peter G. Peterson Foundation's America Speaks initiative.

The Washington Post's Dan Eggen, in a Nov. 10, 2010 story titled "Many deficit commission staffers paid by outside groups," revealed that two members of the Commission worked for Peterson-funded organizations. One of them was Ed Lorezen, who currently serves as the Senior Policy Advisor to the CEO of the Peter G. Peterson Foundation, and formerly served as the Concord Coalition's policy director from 2005-2007. The other was Marc Goldwein, whose salary was paid for by the Peterson-funded Committee for a Responsible Federal Budget. He is a Senior Policy Analyst at the New America Foundation, an organization that also took part of the aforementioned Peterson-Pew Commission, whose conclusions about how to cut the deficit strongly mirrored those of the Commission.

"Peterson launched a massive effort to prop up the Simpson-Bowles Commission and its $4 trillion austerity package, a plan that would “destroy Social Security by stealth,” according to Strengthen Social Security. He bankrolled nineteen “America Speaks” town hall meetings to inform the commission’s deliberations, launched the “Owe No” TV ad campaign weeks before recommendations were released and bankrolled the Concord Coalition’s “Fiscal Solutions” tour to take the message to the heartland. When the commission blew up, Peterson gave Alan Simpson and Erskine Bowles a new perch at the Center for a Responsible Federal Budget."

http://www.sourcewatch.org/index.php/Simpson-Bowles_Commission

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Response to alsame (Reply #2)

Fri Feb 22, 2013, 03:19 PM

5. FlipTheDebt (a response to "Fix the Debt") could use some help...

Help with tweets and such.

Fine print: An influential front group of Wall St. Corporations calling itself ‘Fix The Debt’ is demanding we cut social support programs like Social Security and Medicare in order to reduce the deficit. The funny part? Our deficit is so huge because these very same corporations - and the wealthiest 1% - have been rigging the rules to exploit loopholes, tax havens and tax cuts for years!

Can you believe:

Since 2001, we've stacked up a whopping $1 trillion in debt from Tax Cuts for the 1%.1
Another $1.3 trillion is from wealthy corporations like GE, Verizon and Bank of America, which pay little or no taxes.2
This corporate tax dodging adds up to $2.3 trillion stolen from the US treasury, and keeps growing by $100 billion a year.3
The combined bill for all this? Way more than the $1.6 trillion in cuts that Congress is debating.
The fact is we wouldn’t have to make these cuts, and we could invest in putting America back to work, if only they paid their fair share. So we say, rather than ‘fix the debt’, let’s ‘flip the debt’ and put responsibility where it belongs.

Hey 1%! Pay your damn taxes.

http://www.flipthedebt.org/

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