America’s nearly $13 trillion publicly-held debt is a catastrophic threat to our security and economy, and the time to Fix the Debt is now.
That was the consensus among our group of politically diverse friends following a recent discussion over a Memorial Day barbeque.
We see clearly that the national debt is out of control, and its continued growth puts our national security, social safety net, job growth prospects, and everything we value most about our nation at risk.
Washington has done nothing about this looming catastrophe, and our voices must be heard in a way our elected decision-makers in Washington can’t possibly ignore.
There is a ready and excellent solution to our debt crisis in the non-partisan Simpson-Bowles Plan, which eliminates the deficit and reduces the debt by cutting spending, streamlining government, simplifying the tax code and eliminating tax loopholes.
The “Citizen's petition” will boldly demonstrate that Americans across the political spectrum want Congress and the President to take action on the debt now by enacting a plan that uses the Simpson-Bowles framework to reduce the federal debt by more than $4 trillion over ten years.
Optimism, as they say, is the fuel of heroes, the enemy of despair and the architect of the future. So, we’ve set a goal for a petition of millions of signatures and contacted Erskine Bowles himself to see if he would be the first one. Not only did he return our call, he liked the idea so much that he asked us, a group of friends from many walks of life from across the country, to join forces with his staff and agreed to make this the official petition of the national FixTheDebt.org campaign.
It seems our Memorial Day petition movement is not only happening: it is growing! So please join us by signing the Citizen's Petition to Fix the Debt. Throughout our history, we’ve always come together to solve our most pressing problems. It’s time to do it again.
Jim Del Favero
Thankfully, we can prevent disaster and renew economic strength. Join Americans everywhere in demanding that your leaders in Washington FIX the DEBT.
By Signing the Fix the Debt petition we are telling Congress and the President:
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.
America’s Debt Is Unsustainable
-- The United States’ debt is over $11 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
-- 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 cut spending in the tax code through pro-growth and revenue-positive tax reform. The bipartisan proposal from the Simpson-Bowles National Commission On Fiscal Responsibility and Reform should serve as a starting point for a plan to reduce the federal debt by more than $4 trillion over ten years.
Protect America’s Core Values:
-- Fixing the Debt must be phased in gradually to protect the fragile economic recovery, improve economic growth and prosperity, and protect our most vulnerable.
Find Common Ground:
-- Put rigid ideologies aside. Pivotal moments in America’s history have not been overcome by one party acting alone. This is such a moment, and any solution must be bipartisan.
Put National Interest Ahead of Special Interests:
-- A solution will require some sacrifice from all Americans; no special interest is exempt. We are willing to do our part and accept tough choices that affect us personally as part of a comprehensive plan in which everyone contributes their fair share. We want to make the country we love stronger. We want to Fix the Debt.