বৃহস্পতিবার, ১৯ জুলাই, ২০১২

Obama allies begin new effort to tackle debt

On the campaign trail, it's usually the last thing President Obama brings up: the national debt.

But here in Washington, many of the people he picked to serve on a national commission in 2010 that recommended spending cuts and tax increases are talking up the cause again.

They came together Tuesday with a snappy new name: The Campaign to Fix the Debt. They plan a nationwide education campaign combined with inside-the-Beltway efforts to convince the White House and Congress to try, try again.

"This will be an unprecedented effort with business leaders, former members of Congress and experts from both sides of the aisle coming together to speak out and support a plan to fix the debt," said Maya MacGuineas, president of the Committee for a Responsible Federal Budget. "But most importantly, it will engage the American people -- who in many ways are well ahead of policymakers on the need to come together and tackle this challenge -- to help get the job done."

Among Obama's allies on the debt campaign trail are Erskine Bowles, who co-chaired the deficit commission, and Alice Rivlin, former White House budget director, who served on the panel and co-chaired a separate debt-busting effort at the Bipartisan Policy Center.

Others with ties to the administration are Steven Rattner, who served as Obama's "car czar" in the months leading up to the auto bailout, and Ed Rendell, a former Pennsylvania governor and Democratic National Committee chairman.

Even some of the Republicans and independents involved in the new debt-bashing crusade are people the president has worked with amicably: Alan Simpson, the former GOP senator whom Obama picked to co-chair his deficit commission; David Cote, CEO of Honeywell and a commission member; Judd Gregg, another former GOP senator and commission member; and Pete Peterson, a former Nixon administration Commerce secretary who runs a foundation dedicated to balancing America's books.

They have their work cut out for them: the debt these days is approaching $15.9 trillion, which is more than the size of the entire U.S. economy.

Source: http://content.usatoday.com/communities/theoval/post/2012/07/obama-allies-begin-new-effort-to-tackle-debt/1

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