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The Campaign to Fix the Debt Is Launching a New Tennessee Chapter

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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 TIM PAGLIARA [AS IN "BAG"/"PAID" AND "AIR"]--THE FOUNDER OF "ENACT THE PLAN"--IS CO-CHAIRING AND HELPING TO LAUNCH THE TENNESSEE-CHAPTER OF THE CAMPAIGN TO FIX THE DEBT--A CAMPAIGN THAT'S DEDICATED TO FINDING BIPARTISAN POLICY-SOLUTIONS TO BRING THE DEBT UNDER CONTROL...

(PAGLIARA):
"
OVER THE PAST 40 YEARS, THE SIZE OF AMERICA'S PUBLIC-DEBT HAS AVERAGED BELOW 40-PERCENT OF THE ECONOMY.  BUT, TODAY, TOTAL-DEBT HAS SURPASSED 100-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 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, PAGLIARA BELIEVES THAT THERE'S STILL TIME FOR OUR NATION'S LEADERS TO ACT...

(PAGLIARA):
"
INACTION IS NOT AN OPTION:  WE NEED TO ENACT A PLAN THAT STABILIZES THE 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.  THERE ARE MANY PROPOSALS TO CHOOSE FROM.  AND, POLICYMAKERS NEED TO START FOCUSING ON SELECTING THE BEST IDEAS--AND PUTTING THEM TO WORK--AS SOON AS POSSIBLE.  IF YOU WOULD LIKE TO JOIN THE CAUSE AND SIGN OUR PETITION--OR [TO] 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.



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