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(126 seconds)
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(OPEN):
AMERICA'S PUBLIC-DEBT IS NOW OVER 16-TRILLION DOLLARS--AND
SHOWS NO SIGNS OF SLOWING DOWN. THAT'S WHY FORMER
COLORADO-GOVERNOR DICK LAMM IS CO-CHAIRING AND HELPING TO LAUNCH
THE STATE'S CHAPTER OF THE CAMPAIGN TO FIX THE DEBT--A
CAMPAIGN THAT'S DEDICATED TO FINDING BIPARTISAN POLICY-SOLUTIONS TO
BRING THE DEBT UNDER CONTROL...
(LAMM):
"OVER THE PAST
40 YEARS, THE SIZE OF AMERICA'S PUBLIC-DEBT HAS AVERAGED BELOW
40-PERCENT OF THE ECONOMY. BUT, TODAY, DEBT SURPASSES 70-PERCENT
OF OUR NATION'S ECONOMIC-OUTPUT--AND COULD GROW PAST 200-PERCENT OF
G-D-P, BEFORE KIDS WHO ARE BORN TODAY TURN 25, IF WE DO NOTHING.
MORE NATIONAL-DEBT MEANS HIGHER INTEREST-RATES ON CONSUMER CREDIT-CARD
DEBT, CAR-LOANS, AND MORTGAGES. AND, IT MEANS AN INCREASED
TAX-BURDEN ON OUR CHILDREN AND OUR GRANDCHILDREN--WHILE THREATENING
THEIR ACTUAL SOCIAL-SERVICES AND RETIREMENT. ALSO, GOVERNMENT-DEBT
WILL CROWD-OUT PRODUCTIVE INVESTMENTS IN EDUCATION AND
INFRASTRUCTURE--LEADING TO BOTH SLOWER ECONOMIC-GROWTH AND LOWER WAGES.
EVENTUALLY, OUR NATION COULD FACE AN ECONOMIC-CRISIS SIMILAR TO WHAT WE
SEE IN ITALY AND GREECE."
(BRIDGE):
HOWEVER, LAMM BELIEVES THAT THERE'S STILL TIME FOR OUR NATION'S
LEADERS TO ACT...
(LAMM):
"INACTION IS
NOT AN OPTION: WE NEED TO ENACT A PLAN THAT STABILIZES DEBT, AS A
SHARE OF THE ECONOMY. AND, WE NEED TO DO IT SOON. INDEED,
SMART AND GRADUAL DEBT-REDUCTION CAN REVERSE THE NEGATIVE ECONOMIC- AND
GENERATIONAL-CONSEQUENCES OF ELEVATED- AND RISING-DEBT. A CREDIBLE
PLAN WOULD STRENGTHEN THE ECONOMY--BY KEEPING INTEREST-RATES AND
INFLATION LOW, DECREASING UNEMPLOYMENT, AND GETTING RID OF
ECONOMY-DISTORTING TAX-LOOPHOLES. RIGHT NOW, THERE ARE MANY
PROPOSALS TO CHOOSE FROM; POLICYMAKERS NEED TO START FOCUSING ON
SELECTING THE BEST IDEAS--AND THEN IMPLEMENTING THEM--AS SOON AS
POSSIBLE. IF YOU WOULD LIKE TO SIGN OUR PETITION--OR FIND OUT MORE
ABOUT THE CAMPAIGN TO FIX THE DEBT--CHECK OUT
'FIX-THE-DEBT'-DOT-ORG."
(CLOSE):
THAT WEBSITE, AGAIN, IS "FIX-THE-DEBT"-DOT-ORG.
