Friday, May 3, 2013

"Fix the Debt" - Promises the 1% Thrive

With so much going on with ALEC – I sometimes miss stuff not related to ALEC, important stuff.
This morning this caught my eye in a diary on Daily Kos.

Why is Leslie Stahl sitting on the Advisory Board of an organization deeply involved in a contentious political debate? And is her service on that Advisory Board blessed by "60 Minutes"? Or were Stahl's superiors even aware of her service? In any case, if "60 Minutes" has any inclination to adhere to CBS' ethical guidelines, Stahl must be forced to resign from the board.

Here is the straightforward story. Stahl is a member of the Advisory Board of the Peter G. Peterson Foundation. As I wrote extensively in my book, "It's Not Raining, We're Getting Peed On: The Scam of the Deficit Crisis," no person is more responsible for the hysteria around the phony debt crisis than Pete Peterson. He has bankrolled the campaign to the tune of tens of millions of dollars -- a campaign that has been partly responsible for the attack against the social safety net and Social Security.

You gotta read the whole thing!

Which reminded me that
After you have read the entire Daily Kos diary
 – I strongly recommend that you peruse this informative CMD/PRWatch webpage on Fix the Debt.

Be sure to read the "Fix the Debt CEO's Enjoy Taxpayer Subsidized Pay” report 

The Campaign to Fix the Debt is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire Pete Peterson to slash earned benefit programs such as Social Security and Medicare under the guise of fixing the nation's "debt problem." Through this special report -- and in partnership with The Nation magazine -- the Center for Media and Democracy exposes the funding, the leaders, the partner groups, and phony state "chapters" of this astroturf supergroup," whose goal is to achieve a grand bargain on austerity by July 4, 2013.[1]

The Institute for Policy Studies has just put out a new report that shows that taxpayers are subsidizing the outlandish salaries of Fix the Debt CEOs – the same CEOs that are pushing for cuts to Medicare and Social Security to achieve a “grand bargain” on austerity.

Below we include excerpts from the IPS report, "Fix the Debt CEO's Enjoy Taxpayer Subsidized Pay," which can be read in full here.

Gotta be informed folks.
Gotta be informed.

Cause when you are informed you see the hypocrisy of "The Fix the Debt" campaign.
A campaign that benefits the 1% and screws the 99%.

A campaign that benefits the 1% and screws the 99%.
Why would I say that?
In today’s news cycle – you find this on HuffPo:

WASHINGTON -- Companies in the Fix the Debt coalition,which advocates for federal austerity policies, qualified for $1 billion or more in tax breaks tied to executive pay packages from 2009 to 2011, according to a new report by the liberal think tanks Institute for Policy Studies and Campaign for America's Future.

The four highest-paid executives at the firms received a total of $6.3 billion in pay over the period, according to the report. Federal tax law allows companies to deduct executive pay based on performance from the firm's tax bill as a business expense. This performance-based compensation includes stock options, stock awards and other types of incentive pay. These 90 companies qualified for tax perks totaling between $1 billion and $1.5 billion over the course of three years, depending on how many types of pay firms actually deducted.
Gotta be informed folks.
Gotta be informed.
Being informed on what is happening is important!
Keeping up with the ugliness of the Republicons is time-consuming - but we have to - if we are going to survive.
Otherwise you may as well be watching GOP Faux News and hanging out with the Teabaggers.

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