our debt problem is far from solved
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Join Americans everywhere in telling Washington to FIX THE DEBT.
To join Fix the Debt, visit fixthedebt.org.
Cut Wasteful Spending
Reduce Military Spending While Protecting Our National Security
Slow Health Care Cost Growth
Fix Social Security for Future Generations
Reform the Tax Code
How to FIX THE DEBTThrough smart adjustments to the budget and tax code, we
can save trillions, while protecting our most vunerable, keeping America secure, and strengthening our economy
and our future.
One way or another, fiscal adjustments to stabilize the federal budget must occur...[if we don’t actin advance] the needed fiscal adjustments will be a rapid and painful response to a looming or actual fiscal crisis.” —Ben Bernanke,
Former Chairman of the Federal Reserve
“Increased Cost of Living - More debt will mean higher interest rates on everything from credit card debt to car loans to mortgages.
Government debt will
By not taking responsibility for our debt, we place an increased tax burden on our children, and threaten their social services and retirement.
Eventual Fiscal Crisis - If we don’t act now, onour own terms, the markets will force actionthrough a severe economic crisis.
What Happens If We Don’t Act Decisively?
Growing debt also would increase the probability of a sudden fiscal crisis, during which investors would loseconfidence in the government’s abilityto manage its budget, and the government would thereby lose itsability to borrow at affordable rates.”
—Doug Elmendorf, Former Director of the Congressional Budget Office
“
Our national debt is our biggest national security threat.”
— Admiral (ret.) Mike Mullen, Former Chairman of the
Joint Chiefs of Staff
The national debt is likely to be 100% of the U.S. economy by 2039.
Slower Wage Growth -crowd out productive investments, leading to slower economic growth and lower wages.
Generational Injustice -
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