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Pulling Back the Curtain: How Fix the Debt is Fixing the Game

Pulling Back the Curtain: How Fix the Debt is Fixing the Game. The Campaign to Fix the Debt . Who are they?. Over 80 CEOs & former legislators Raising $ 60 million for a public relations campaign and massive lobbying effort to influence budget talks in their own favor. .

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Pulling Back the Curtain: How Fix the Debt is Fixing the Game

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  1. Pulling Back the Curtain: How Fix the Debt is Fixing the Game

  2. The Campaign to Fix the Debt Who are they? Over 80 CEOs & former legislators Raising $60 million for a public relations campaign and massive lobbying effort to influence budget talks in their own favor.

  3. The Campaign to Fix the Debt What do the say they want? Balanced Approach to Solve Our Debt Crisis Make the US More Competitive Common Sense Entitlement Reform

  4. The Campaign to Fix the Debt What do they really want? • Austerity Balanced Approach to Solve Our Debt Crisis • Lower Corporate Tax Rates and Pay $0 on all Foreign Profits Make the US More Competitive Common Sense Entitlement Reform • Cut Social Security and Medicare to Pay for It

  5. The Campaign to Fix the Debt Talking Points of Fix the Debt & “Cuts are good for the economy!” “There is a crisis in Social Security!” “We need reform for young people” “People are living longer”

  6. Lloyd Blankfeinfrom Goldman Sachs & Fix the Debt CEO Council Member, • 2012 Salary: $22 million • 1st Quarter 2013 profits of Goldman: $2.2 BILLION Lloyd Blankfein on Social Security: “…people have to lower (their) expectations of what they’re going to get …because you’re not going to get it”

  7. The Campaign to Fix the Debt How are they trying to get it? • “Normal” Budgeting Process • Debt Ceiling Negotiations • Grand Bargain

  8. Normal Budget Process

  9. What’s in the budgets on the table? Where is Fix the Debt Getting What They Want?

  10. What’s in the budgets on the table? And Where is Fix the Debt Getting What They Want?

  11. We’ll be up against the ceiling again over the summer • Congress enacted a law that says our debt can only hit a certain level, after that they must either “raise the ceiling” or shut down the government • “We’ll use it as leverage” – Rob Portman R- OH Debt Ceiling Debate…Again…

  12. The Grand Bargain Tax code overhaul – lowering corporate taxes and sticking us with the bill • Fix The Debt • House David Camp, R-MI • Senate Baucus, D – MT Simplify! = Lower Corporate taxes Sustainable! = Cut our earned benefits

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