.

Fix the Debt

Support urged for Fix the Debt Campaign

I generally do not sign petitions; nor do I normally ask others to do

so.

 

However, I was impressed by the broad bi-partisan nature of those

coming together in Maryland to organize a State Chapter of Campaign to

Fix the Debt and I consider the debt crisis to be one we can all play an

active role in trying to solve. 

 

Last week I did sign this petition and now do urge others to at least

consider signing on as well. 

 

Below is a statement from the Maryland Chapter co-chairs:

 

Big news for Maryland: the Campaign to Fix the Debt has launched a

chapter right here at home.

 

Our nation's over-extended credit card is a looming crisis for everyone

from Washington, DC, to Baltimore, and it's vital that our elected

leaders in Washington hear from all of us that the cost of inaction is

too great. They must come together to find a bipartisan, commonsense

solution.

 

So, I'm thrilled to let you know the details of our Maryland launch

which took place Monday:

 

Former Chief of Staff to Governor O'Malley, Michael Enright, former

Chief of Staff to Governor Ehrlich Chip DiPaula, and others - including

former U.S. Representatives Wayne Gilchrest and Tom McMillen, who ran

against each other for Congress - formally came together as the Maryland

state steering committee. The steering committee also includes a broad

range of Maryland's political, community, and business leaders.  This

bipartisan group of leaders will represent us in the media, to our

Maryland officials, and in Washington, DC, over the weeks to come.

 

Today, tomorrow, and in the days and weeks ahead, we need you to help

demonstrate the call for action in Maryland. Three things you can do to

support the launch:

 

1) Build our Maryland voices committed to Fixing the Debt. Share the

petition today with five of your friends and neighbors.

 

2) We are building a citizens steering committee for Maryland. If

you're interested in serving on it, let us know by hitting reply to this

email or filling out this short form:

http://www.fixthedebt.org/subcampaigns/join-the-citizens-council 

 

3) Join a Fix the Debt citizens group. Are you a parent, small business

owner, or part of a military family? We need you, right now. Tell us

more about yourself here:  http://act.fixthedebt.org/page/s/TellUsMore 

 

With the imposing fiscal cliff due to take effect at the end of the

year, these next few weeks are critical to the campaign. Thank you for

all you do, and for all we'll do together.

 

Sincerely,

 

Michael Enright, 

former Chief of Staff, Office of Governor Martin O'Malley

 

Chip Dipaula, 

former Chief of Staff, Office of Governor Bob Ehrlich

 

 

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Daniel Ewald November 27, 2012 at 09:19 PM
According to a report by Institute for Policy Studies (http://www.ips-dc.org/reports/ceo-campaign-to-fix-the-debt/), the corporations involved in this cover group "Fix The Debt", could gain up to $134 billion in windfalls if Congress approves additional corporate tax cuts by switching the U.S. to what’s known as a “territorial” corporate tax system, which exempts foreign earnings from the U.S. corporate income tax: – The 63 companies that are publicly held could gain up to $134 billion in windfalls. The biggest potential winner is General Electric, which would earn $35.7 billion on its overseas earnings of $102 billion. Ending corporate welfare is a better way to fix the debt.
Sean Tully November 28, 2012 at 01:49 AM
The fact is the national debt is not that big of a problem. All this scary talk came from the Tea Party lead GOP. In fact, if you want something to worry about, worry about our lackluster economy, which is a real long term problem. With NAFTA and WTO trade agreements killing our job markets, it is no wonder revenue for the government is low. Increase good paying jobs and low and behold the national debt will go down. But to your point, Joe, no, I will not sign this petition. My first clue was this from their website: "•Include comprehensive and pro-growth tax reform, which broadens the base, lowers rates, raises revenues, and reduces the deficit." That is straight out of Mitt Romney's campaign. He lost. His plan is a loser.
Joe November 28, 2012 at 09:20 PM
GE already does not pay Federal income taxes at least for 2010 any way. And "welfare" generally means someone getting something they did not earn. Corporate "welfare" is the company being allowed to pay less of what they EARNED in sales to the government. They are not getting money they did not earn. It is not coming from someone else.
Joe November 28, 2012 at 09:28 PM
"The fact is the national debt is not that big of a problem. All this scary talk came from the Tea Party lead GOP." The old saying "ignorance is bliss" fits that comment. The interest obligations ALONE on the US debt in 2012 will be $359,796,008,919.49. that is about $1160 per person in the US. http://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm " Now, let’s talk about the debt. Today, interest rates are low, lower than the rate of inflation. People are practically paying us to borrow money, to hold their money for them. But it will become a big problem when the economy grows and interest rates start to rise. We’ve got to deal with this big long- term debt problem or it will deal with us. It will gobble up a bigger and bigger percentage of the federal budget we’d rather spend on education and health care and science and technology. It — we’ve got to deal with it. " Bill Clinton's speech to the Democratic National Convention. " Cut the deficit in half over the next four years We will roll back the Bush tax cuts for those making more than $200,000. We will restore commonsense budget rules that this Administration has abandoned, like “Pay-As-You-Go” rules that require the government to pay for new initiatives. We will commit to living within tough budget caps-real and enforceable limits on what the government can spend. We are committed to cutting the deficit in half over the next four years. " Democrat Party Platform. Tea Partyers? Hardly.
Joe November 28, 2012 at 09:33 PM
"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a Sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. ...Increasing America’s debt weakens us domestically and internationally. Leadership means that 'the buck stops here'. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and Grandchildren. America has a debt problem and a failure of leadership. Americans deserve better." SENATOR BARACK HUSSEIN OBAMA, MARCH 2006 "I don't remember what the number was precisely," Obama said, adding later, "We don't have to worry about it short term. But it is a problem long-term and even medium-term." Barack Hussein Obama Sept 18 2012 I didn't know Obama was in the Tea Party!
Sean Tully November 29, 2012 at 03:49 AM
Joe, the interest may be a problem but it wouldn't be if our debt was reduced and the only way to reduce it is to either cut government spending or raise revenue. Cutting government spending will only drag the economy into the dirt again since government is the only sector of the economy spending. And the only way to raise revenue is to increase the amount the Treasury takes in. One way is to increase taxes, which is in the works. The other way is to increase the number of people paying taxes. And that is the area that is lacking. It will continue lacking because we are sending the middle class jobs overseas. Any recovery will be based on spending by people who have no money (i.e., they will put it all on the credit cards again). That may work for a short time, but any long term economic plan must include bringing jobs home. As long as Americans need things like televisions and laptops, we should be making them here as much as possible. ...
Brandon November 29, 2012 at 12:24 PM
Cut the military budget in half. this will free up a lot of money to start reducing the debt. Leave social security alone.
Joe November 29, 2012 at 12:54 PM
"The fact is the national debt is not that big of a problem. All this scary talk came from the Tea Party lead GOP." "Joe, the interest may be a problem but it wouldn't be if our debt was reduced" Which is it Sean? First the debt is no problem and all made up by the TP then it is a problem. Without the debt there is no interest obligations. You cannot unwed the 2. WE could go on all day about the cause and the fix but I only pointed out what you have now come to admit, the debt is a huge problem and it is a problem not only to the TP types but to the Presidential types as well.
Joe Stewart November 29, 2012 at 02:44 PM
This is the Joe who wrote the blog, not the Joe who commented on it. Please look at the citizens petition before forming an opinion about this effort. In my opinion, the debt is a big problem compounded by ongoing deep divisions in political leadership that were not resolved by the national election. If I we re president I would ask Bush and Clinton to co-chair a national committee to address this crisis.
Joe November 29, 2012 at 03:23 PM
Joe Stewart, how many committees are needed that Obama does not listen to? "The President's Council on Jobs and Competitiveness (Jobs Council) was created to provide non-partisan advice to the President on continuing to strengthen the Nation's economy and ensure the competitiveness of the United States and on ways to create jobs, opportunity, and prosperity for the American people." Then there was the Obama Debt Commission led by Erskine Bowles and not one proposal they came up with has been instituted by Obama or even talked about by him. "Bowles pessimistic about avoiding 'fiscal cliff'" These commissions are almost 4 years old. Obama and the dems want to go over the cliff and blame the GOP for it. I too say go over the cliff. Anything that cuts spending once and for all.
Joe November 29, 2012 at 07:46 PM
From the same man who said in state tuition was not a subsidy? How rich. Wrong but rich none the less. sub·si·dy 1.a direct pecuniary aid furnished by a government to a private industrial undertaking, a charity organization, or the like. 2.a sum paid, often in accordance with a treaty, by one government to another to secure some service in return. 3.a grant or contribution of money. 4.money formerly granted by the English Parliament to the crown for special needs. SUBSIDY : a grant or gift of money: as a : a sum of money formerly granted by the British Parliament to the crown and raised by special taxation b : money granted by one state to another c : a grant by a government to a private person or company to assist an enterprise deemed advantageous to the public Subsidy is NOT being allowed to keep more of what you earn.
Sean Tully November 30, 2012 at 12:16 AM
The solution is rather simple: stop fighting wars and stop giving huge tax cuts without paying for them. The GOP has a nifty little plan. They've had it since Reagan. The way it works is they starve the government of funds in order to force the government to shrink, thus requiring less funds. Their goal, as Grover Norquist said, is to make government so small it can be drowned in a bath tub. The only problem is that we need a strong government. And a strong government costs money. So, it is time for those making over $250,000.00 a year to pay for the wars and tax cuts Bush put on the nation's credit card.
Joe November 30, 2012 at 03:49 PM
Sean, Obama has proposed raising taxes on American workers $85 Billion. Service costs on our debt was $185 Billion in 2010. In 2015 it will rise to $554 Billion a year. The tax increase proposed does not even cover the debt service costs of 2010. It will cover only 15% of the debt costs in 2015. www.bloomberg.com/news/2011-02-14/geithner-quietly-tells-obama-debt-to-gnp-cost-poised-to-increase-to-record.html Ending the tax cuts for those over $200,000 will not put a dent in anything at all. Taxing them at 100% will do nothing but make progressives feel better.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »