The Nation exposes Pete Peterson’s Fix The Debt fraud
Posted by AzBlueMeanie:
I posted about this the other day, Bowles-Simpson 2.0 – The 'very serious people' of the Beltway media perpetrate a fraud on the American people. Now the editors of The Nation expose Pete Peterson's Fix The Debt fraud in Stacking the Deck: The Phony 'Fix the Debt' Campaign:
As Paul Krugman reminds us, “Inside the Beltway Simpson and Bowles have
become sacred figures. But the people doing that elevation are the same
people who told us that Paul Ryan was the answer to our fiscal prayers.”
Who does that elevating? Meet the Campaign to Fix the Debt, the
billionaire-funded project that uses Alan Simpson and Erskine Bowles as
figureheads for a fearmongering campaign to convince Americans that the
deficits the United States has run throughout its history have suddenly
metastasized into “a cancer that will destroy this country from within.”
It is the latest incarnation of Wall Street mogul Pete Peterson’s long
campaign to get Congress and the White House to cut Social Security,
Medicare and Medicaid while providing tax breaks for corporations and
the wealthy.