Tweet
You may have seen their ads on TV or been accosted by a Fix the Debt canvasser on the street – they claim to be a grassroots effort promoting steps to reduce the national debt. But the truth is, Fix the Debt is just another corporate-financed DC lobbying group looking for taxpayer handouts.
That revelation prompted a flashmob-style demonstration today outside the New England headquarters of a major Fix the Debt funder and beneficiary, Bank of America. More than 75 workers and retirees, police in tow, descended on the financial giant’s Federal Street building to call Fix the Debt corporations out for what they really are: gold diggers.
Click here to check out the video and learn more.
The action comes on the heels of a report from the non-partisan Institute for Policy Studies (IPS), which reveals that Fix the Debt’s legislative agenda has little to do with the national debt at all. In fact, the bulk of the group’s lobbying activities have focused on securing billions in new corporate tax breaks at the expense of American workers and seniors.
Make no mistake, Fix the Debt does support cuts to Social Security and other vital programs – as well as raising the retirement age – as a way to reduce federal spending, But according to the IPS report, Fix the Debt plans to use those savings to fund more than $134 billion in tax giveaways for its 63 publicly-held member corporations — including Bank of America, Verizon and General Electric. Keep in mind, 24 of these Fix the Debt companies already pay their CEOs more than they paid in federal corporate income taxes. Twenty-two spent more on lobbying than they did on their tax bill.
So much for “fixing the debt.” As it turns out, the corporate-financed Fix the Debt campaign amounts to old school gold digging at its worst. Might want to mind your pocketbook.
Want to put a stop to Corporate America’s gold digging? Tired of your tax dollars paying for bank profits and CEO bonuses? Visit www.MassUniting.org/GoldDiggers to sign up and help expose Fix the Debt’s corporate greed!
7 Comments
I tell the beautiful and strong youngbloods in my life to buy gold coins and don’t forget silver is importent as a smaller denomination, so best to think about the constant need for small purchases/barters. And know when to leave the elders[ me]behind when they need to move forward. Their future is the most important focus. They look at me and laugh. I’ve no gauge to say their laughter is ignorance and my vision is truth.
Reality, it’s just a group hunch,right? [Lilty Tomlin]
Now I know how Jehovah Witnesses feel…. The blank eyes of the people listening to your words. Only different, they have an organization to back them up. And some promise of higher levels of spiritual comfort. [ I'm guessing]
I’m kinda doing theories on my own. Like a fuckin’ nutter.
And for the first time in decades I feel closer to Truth.
Thank you for posting, MassUniting. I kind of forgot my manners. I heart humans!
Fuck BofA to hell and back.
I’m in Massachusetts, so I see the name “MassUniting” as very hopeful sounding.
We need to Unite here in Massachusetts:
Matthew Swartz was just Tortured to death in our state;
63% of our state just voted to Legalize Marijuana, but unethical “doctors” here are blocking implementation of the law: People whose lives could be saved by Marijuana (as those with MS or Skin Cancer); people whose excruciating pain could be alleviated with Cannabis (as those with MS or ALS); people who will never walk again without Marijuana (as those with MS); and people like me who are slowly and painfully being blinded through Glaucoma by their doctors’ withholding of Cannabis;
All these people are ready to Unite! 63% of the state’s voters know more about Eye Care than most of the doctors in the state. This is an emergency.
http://www.youtube.com/watch?v=wvEIYH3iL94
I don’t know how much hope any o the Jehovah’s Witnesses possess – after all, they keep proselytizing, yet only 144,000 people will sit with the Lamb after the Second Coming. Sort of a religious Ponzi scheme or MSM – and for every soul a JW witness converts, their own chance of being among the Elect diminishes ever so slightly.
But it is frustrating to talk to Americans about anything. Most of my friends have no idea how much a trillion dollars is. For instance, after explaining how Bush/Obama’s dynamic trio of Paulson/Geithner/Bernanke “loaned” bankers some 15 to 16 trillions of dollars, most people’s beady lil eyes glaze over. It’s clear that few people understand what a trillion is. Many people probably think a trillion is a mispronunciation of billion, for that matter! And even explaining that experts believe some 4.7 trillion loans to the Big Financial people will never ever be repaid by the bankers doesn’t get a repsonse.
I try to let friends understand that a mere 9 trillions dollars would run the state of California and its 37 million people for something like a minimum of 67 years. Even at the bloated budget we had back in 1999. But they don’t care – they want something simple to understand – like “Hope and Change.” (And some of my friends that are like this possess PhD’s!) Their rejoinder usually ends up being “But Pres. Obama’s smart – anything he didn’t figure out about the economy, he’ll figure out and implement over the next four years.” !!!
So then I need to explain about Jack Lew…
Off to sign up at the MassUnited.org website
Rec’ced.