From NY Magazine: ".....If you thought wizened Rock n' Roll Hall of Famers or Occupy Wall Street, you were wrong. These
dudes came from recent interviews with top-level members of Fix the Debt, the
high-minded confab of business elites that is pushing for bipartisan deficit
reduction ahead of the so-called “fiscal cliff.”
"The Campaign to Fix the Debt, as it is properly known, is a
four-month-old effort led by Alan Simpson and Erskine Bowles, the bipartisan
duo who unsuccessfully tried to push a deficit-reduction scheme through
Congress in 2010. With a reported $43 million war chest and the support of
Peter G. Peterson, the Blackstone billionaire and leader of the deficit-scold
movement, the group has been waging a nationwide media campaign meant to
encourage President Obama and House Republicans to work together to avoid the
expiration of the Bush income tax cuts and get long-term spending under
control.
"At its top levels, Fix the Debt has quickly morphed into a
massive business kaffeeklatsch — a stateside Davos, with fewer panels on green
energy and more talk of baselines and dynamic scoring. The organization’s “CEO
Council” now consists of roughly 150 executives, many of them recognizable names
from Wall Street’s upper echelons….."
Read all about it at http://nymag.com/daily/intel/2012/11/how-fix-the-debt-won-over-wall-street.html
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