How Taxes Fund the Outrageous Pay of "Fix the Debt" CEOs Pushing Austerity on the Rest of Us

By Kathleen Geier

May 6, 2013  |  You may have heard about a relatively recent player in the national debate over austerity-nomics. Fix the Debt portrays itself as a public interest group that is earnestly committed to fiscal responsibility and looking out for our children’s future (it always is about their touching concern for the children, isn’t it?) The group claims [2] to support “a common sense solution to prevent disaster and renew America’s economic strength,” and it likes to give the public the impression that its membership is heavily made up of ordinary citizens and workers.

 

But actually, what it is is another elite-driven Pete Peterson front group consisting of billionaire CEOs lobbying for reverse Robin Hood fiscal policies that enrich themselves, immiserate the rest of us, and continue to run this country’s economy into the ground. Last week, the Institute for Policy Studies and the Campaign for America’s Future released a report [3] that reveals new information about the group’s hypocritical and self-serving agenda.