(PRWEB) May 21, 2013
The suspension of the statutory debt ceiling put in place earlier this year was lifted on May 18. As reported by CNN Monday, the Treasury Department has begun utilizing “extraordinary measures” to put off the ceiling being breached until the fall, but it's not clear how Congress will handle the debt ceiling debate and policymakers are showing little urgency in addressing it.
The Campaign to Fix the Debt, a non-partisan movement to put America on a better fiscal and economic path, unveiled a new print ad calling attention to Washington politicians’ continued inaction regarding the unsustainable trajectory of the national debt. The ad, which ran on the back page of Politico today, highlights the fact that on May 19, the country hit the debt ceiling again – and policymakers in Washington did nothing.
“Too many of our political leaders are trying to ignore our historically-large national debt, but doing nothing won’t make it go away,” said Maya MacGuineas, who, in addition to leading the Campaign to Fix the Debt is the President of the Committee for a Responsible Federal Budget, a bipartisan organization focused on educating the public regarding issues related to fiscal policy.
“Even with the progress made so far, the U.S. is projected to add another $9 trillion of debt over the next decade, or more than $2 billion of debt per day. This is a mess that can’t be swept under the rug. It’s one we need to clean up – for our children, our economy, and our country. The Campaign to Fix the Debt will continue working with elected leaders in both parties and on both ends of Pennsylvania Avenue to ensure they are taking our long-term fiscal imbalance seriously.”
The Campaign to Fix the Debt is composed of individuals from different social, economic and political perspectives who are united by a common belief that America’s growing federal debt threatens the future of the country and must be addressed.
For more information about the Campaign to Fix the Debt, please visit http://www.fixthedebt.org.