FW: I.O.U.S.A. on CNN, Obama on trillion-dollar deficits, and more...
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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.
----- Forwarded Message ----
From: Peter G. Peterson Foundation <info@...>
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
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> Read more...
Gene Steuerle writes The Government We Deserve column regularly, and serves
as the Vice President of the Peter G. Peterson Foundation. You can read
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