Back to the RadioSpace™ home page
NewsDirect story topics:
Consumer, Business & General Interest
Current Events & Public Affairs
Entertainment & Sports
Health & Medicine
Fully produced report in:
mp3PRO format
QuickTime
(MPEG-4/AAC) format
Windows Media Audio
9.2 format
(118 seconds)
-- How Will You Use This Story? --
(OPEN):
AMERICA'S PUBLIC-DEBT IS NOW OVER 16-TRILLION DOLLARS--AND
SHOWS NO SIGNS OF SLOWING DOWN. THAT’S WHY DONNA SYTEK
["PSY-TECH"]--A FORMER SPEAKER OF THE "NEW HAMPSHIRE HOUSE OF
REPRESENTATIVES"--IS 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...
(SYTEK):
"OVER THE PAST
40 YEARS, THE SIZE OF AMERICA'S PUBLIC-DEBT HAS AVERAGED BELOW
40-PERCENT OF THE ECONOMY. BUT, TODAY, THE DEBT HAS SURPASSED
70-PERCENT OF OUR NATION'S ECONOMIC-OUTPUT--AND, IF WE DO NOTHING, COULD
GROW PAST 200-PERCENT OF G-D-P, BEFORE KIDS WHO ARE BORN TODAY TURN 25.
MORE NATIONAL-DEBT WILL MEAN HIGHER INTEREST-RATES ON CONSUMERS'
CREDIT-CARD DEBT, CAR-LOANS, AND MORTGAGES. AND, IT MEANS AN
INCREASED TAX-BURDEN ON OUR CHILDREN AND GRANDCHILDREN--WHILE
THREATENING THEIR SOCIAL-SERVICES AND RETIREMENT. ALSO,
GOVERNMENT-DEBT WILL CROWD-OUT PRODUCTIVE INVESTMENTS IN EDUCATION OR
INFRASTRUCTURE--LEADING TO BOTH SLOWER ECONOMIC-GROWTH AND LOWER WAGES.
EVENTUALLY, OUR NATION COULD FACE AN ECONOMIC-CRISIS SIMILAR TO WHAT
WE'VE SEEN IN ITALY AND GREECE."
(BRIDGE):
HOWEVER, SYTEK BELIEVES THAT THERE'S STILL TIME FOR OUR NATION'S
LEADERS TO ACT...
(SYTEK):
"DOING NOTHING
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 TAX-LOOPHOLES
THAT DISTORT THE ECONOMY. RIGHT NOW, THERE ARE MANY PROPOSALS TO
CHOOSE FROM; POLICYMAKERS NEED TO START FOCUSING ON SELECTING THE BEST
IDEAS--AND IMPLEMENTING THEM--AS SOON AS POSSIBLE. IF YOU'D 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.
