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FW: I.O.U.S.A. on CNN, Obama on trillion-dollar deficits, and more...

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    ... From: Philip Hinson Subject: Fw: I.O.U.S.A. on CNN, Obama on trillion-dollar deficits, and more... This documentary should be considered
    Message 1 of 1 , Jan 8, 2009
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      ----- Forwarded Message ----
      From: Philip Hinson <plh001@...>
      Subject: Fw: I.O.U.S.A. on CNN, Obama on trillion-dollar deficits, and
      This documentary should be considered a MUST SEE for all FairTax supporters.
      If you can get friends and neighbors to watch this, read the attached
      handout, then you will definitely make supporters out of many of them.

      Phil Hinson

      ----- Forwarded Message ----
      From: Peter G. Peterson Foundation <info@...>
      To: PLH001@...
      Sent: Wednesday, January 7, 2009 4:40:02 PM
      Subject: I.O.U.S.A. on CNN, Obama on trillion-dollar deficits, and more...

      2/C1j> IOUSA - Peter G. Peterson Foundation
      In This Newsletter
      CNN to Broadcast I.O.U.S.A. | Obama Foresees Trillion-Dollar Deficits |
      A Bipartisan Plea for Fiscal Responsibility | The Government We Deserve
      CNN to Broadcast iousaI.O.U.S.A.
      The public has spoken, and we've listened. In response to demand for
      information about our country's financial challenges, CNN/U.S. will air the
      broadcast premiere of the acclaimed documentary I.O.U.S.A. on on Saturday,
      January 10 at 2:00 p.m. EST and on Sunday, January 11 at 3:00 p.m. EST.
      Accompanying the documentary will be an unscripted panel discussion with
      policy leaders about various economic solutions currently under

      2N-GwWaOBHb1KwEGjn/lu82/C1j> Your $$$$$
      This exclusive televised event will air only on CNN, and will be hosted by
      Ali Velshi and Christine Romans, co-anchors of CNN's Your $$$$$, the
      network's weekend business roundtable program.
      Throughout I.O.U.S.A.'s broadcast premiere, Velshi and Romans will engage a
      distinguished group of panelists, including Pete Peterson, Chairman of the
      Peter G. Peterson Foundation and former U.S. Commerce Secretary; Dave
      Walker, President and CEO of the Peter G. Peterson Foundation and former
      U.S. Comptroller General; Alice Rivlin, noted economist and former Director
      of the Office of Management and Budget; and Bill Bradley, a Managing
      Director of Allen & Company and former U.S. Senator and Democratic
      presidential candidate, in discussions about issues raised in the film and
      their ties to current economic events.
      Learn more about the film at
      2N-GwWaOBHb1KwEGjn/lu82/C1j> www.IOUSAtheMovie.com. And be sure to spread
      the word about the U.S. broadcast premiere!
      Obama Foresees Trillion-Dollarobama Deficits

      0512N-GwWaOBHb1KwEGjn/lu82/C1j> CNNMoney.com reported on Tuesday that when
      President-elect Barack Obama takes office on January 20, he'll inherit an
      economy deeper in debt than ever.
      Obama commented on the unprecedented deficit, saying, "At the current course
      and speed, a trillion-dollar deficit will be here before we even start the
      next budget." In reference to his planned economic recovery plan with an
      $800 billion price tag, Obama added, "And potentially we've got
      trillion-dollar deficits for years to come, even with the economic recovery
      that we are working on at this point."
      Even with Obama's promised budget reform, our economy will still remain in
      the red - at least for the next few years. However, incurring a
      trillion-dollar deficit in the short-term in order to stimulate the economy
      is, according to organizations like the Center on Budget and Policy
      Priorities, essential in order to prevent "a deep and prolonged recession."
      Dave Walker, president and CEO of the Peter G. Peterson Foundation, was also
      asked to comment on the deficit and Obama's proposed stimulus. A "timely,
      targeted and temporary" stimulus is, according to Dave, the best way to
      shore up the economy while our deficit continues to deepen.
      To read the original article, visit
      0512N-GwWaOBHb1KwEGjn/lu82/C1j> CNNMoney.com.
      A Bipartisan Plea for Fiscal Responsibilitybipartisan
      On Monday, January 5, the two most prominent members of the Senate Budget
      Committee - Sen. Kent Conrad (D-ND) and Sen. Judd Gregg (R-NH) spoke out
      about the need for fiscal responsibility, especially in the face of our
      current economic crisis.
      In an impassioned editorial for the Washington Post, Conrad and Gregg called
      for Democrats and Republicans to unite in support for an economic recovery
      package, even with the short-term addition it will make to our larger
      deficit. The senators also called for a "bipartisan fiscal task force" to
      help create concrete solutions for America's long-term fiscal woes.
      To read the full text of the editorial, visit the
      N-GwWaOBHb1KwEGjn/lu82/C1j> Washington Post.
      The Government We Deserve by Gene Steuerletgwd

      "Investment" and Obama's First Budget

      President-elect Obama's chief in-house economic advisor Larry Summers
      suggests in a recent Washington Post piece that the new Administration will
      put a lot of effort into addressing long-term growth challenges, not just
      short-term policies that generate consumer spending. How? Through
      "investments." To make sure we get the point, Summers uses that word or some
      variation 12 times.
      But the first Obama budget will not be oriented toward investment. Just as
      with recent administrations, the words will stress "investment" but the
      numbers will emphasize "consumption" - not only in the short-term but, more
      dangerously, in the long-term. In fairness, this is the budget the new
      administration inherits. They gain control of the wheel of a battleship
      sailing full-steam ahead toward the icebergs. But by using terms like "down
      payment" to describe new proposals, Summers hints that no major course
      correction will be sought.

      12N-GwWaOBHb1KwEGjn/lu82/C1j>
      Gene Steuerle writes The Government We Deserve column regularly, and serves
      as the Vice President of the Peter G. Peterson Foundation. You can read
      Gene's bio
      512N-GwWaOBHb1KwEGjn/lu82/C1j> here.
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