Washington, DC (PRWEB) October 09, 2013
With the government shutdown dragging on, the current government dysfunction threatens to spill over to other areas – like raising the debt ceiling – where failure to reach agreement would not just be disruptive, but have disastrous economic consequences both at home and abroad. According to CNBC, the shutdown fight could bleed into the debt ceiling, which needs to be raised by October 17 or the Treasury will only have $30 billion in cash remaining to pay the nation's bills.
On Tuesday, the Campaign to Fix the Debt’s Congressional Fiscal Leadership Council (CFLC), a bipartisan group of 120 former federal lawmakers from across the country delivered an open letter to Members of Congress and President Obama. By signing the letter, they reaffirmed the CFLC’s commitment to urging for meaningful deficit-reduction legislation and commended leaders who demonstrate a willingness to take a stand.
“The Congressional Fiscal Leadership Council continues to demonstrate their commitment to finding real solutions to America’s fiscal challenges by signing the letter,” said Maya MacGuineas, head of the Campaign to Fix the Debt. “They understand the importance of addressing our country’s growing federal debt and bipartisan support of a plan to fix it.”
The Campaign to Fix the Debt is a non-partisan movement asking lawmakers to work together on legislation large enough to stabilize and reduce the national debt as a share of the economy. Members come from a broad range of social, economic and political perspectives with the belief that America's growing debt burden threatens our future, and that we must address it now. The Campaign will mobilize key communities – including leaders from business, government, and policy – and people all across America who want to see elected officials step up to solve our nation's fiscal challenges
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For more information about the Campaign to Fix the Debt, please visit FixtheDebt.org.