NEWS RELEASE 11/13/2012
|CAMPAIGN TO FIX THE DEBT TO LAUNCH STATEWIDE EFFORT IN MICHIGAN|
More than 300,000-Member Strong Grassroots Coalition Urges Lawmakers to Address|
$16 Trillion National Debt, Avert ‘Fiscal Cliff’ (Lansing, Michigan) – On November 14, 2012 the Campaign to Fix the Debt will officially launch its efforts throughout Michigan, calling on policymakers to address the impending “fiscal cliff” and steer the national debt towards long-term sustainability. Several Michigan CEOs and Campaign to Fix the Debt Co-Chair Ken Sikkema from Public Sector Consultants and Tim Daman President & CEO of the Lansing Regional Chamber of Commerce will host a media conference at the Lansing Regional Chamber of Commerce to outline the organization’s objectives and outreach plans.
Today, the national debt equals $16 trillion. The publicly-held portion, the measure experts agree is most meaningful metric, equals 73 percent of the U.S. economy and will continue to climb if left unchecked. On January 1, a series of tax increases and spending cut totaling more than $600 billion in 2013 alone – known as the fiscal cliff – are set to take effect unless Congress can settle on a budget deal. The Congressional Budget Office estimates that going over the cliff will push the country back into a recession and shrink the economy by an annual basis of 3.9 percent in the first quarter of 2013.
The Campaign to Fix the Debt, a national bipartisan group of more than 300,000 business leaders, former elected officials, thought leaders and concerned citizens, is urging lawmakers to set politics aside to formulate practical solutions to our nation’s debt problems. The Campaign’s Citizen’s Petition can be found at www.FixTheDebt.org.
Who: Fix the Debt – Michigan Steering Committee
What: Press Conference
When: 11:00 a.m., Wednesday, November 14, 2012
Where: Lansing Regional Chamber of Commerce
500 East Michigan Avenue, Suite 200
Why: The U.S. faces unprecedented debt load and a rapidly approaching fiscal cliff, which could hurt America’s already fragile economy. Left unchecked, the debt will continue to grow, threatening the economic and international security of the country.