Nonpartisan, year-end push to tame the debt
December 14th, 2012
03:43 PM ET
1 year ago

Nonpartisan, year-end push to tame the debt

(CNN) – With just over two weeks for the White House and congressional Republicans to reach common ground on the nation's budget before the economy risks tipping over the so-called fiscal cliff, a group aimed at putting the U.S. on a better fiscal course released its first television ad highlighting a unified call to tame the nation's growing debt.

The Campaign to Fix the Debt, a non-partisan organization, released a 60-second spot that will run nationwide on national broadcast. It will also feature ads in subway stations. The group said the buy will total $3 million and begin airing this week.

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The spot features concerned people from diverse backgrounds pushing for a solution to the country's fiscal issues.

"It's really important that both sides of the aisle work on fixing our national debt," an Army Reservist says. "Everyone needs to work together to get this done."

A teacher continues: "I would love for everything to start getting resolved now so that I can tell my children and the children that I teach and not be lying to them when I say that there is a bright future and you can do anything that you want to do."

A farmer and physician weigh in, pushing a bipartisan fix to balance the nation's budget for the sake of future economic stability.

"The debt that we have right now, if we don't fix it, it just gets bigger and bigger and bigger for our kids to the point where it won't be reversible in our lifetime," says a businesswoman with a baby on her lap.

Negotiations between President Barack Obama and House Speaker John Boehner appear to be at a stalemate as the weeks wind down to the year-end deadline to avoid a series of automatic federal spending cuts and tax rate increases set to go in place if a deal is not met.

And while this week saw meetings between Obama and Boehner, no progress appears to have been made.

Obama and Democrats remain steadfast that taxes on wealthier Americans will go up as a part of budget deal, sticking at the current rate for the lower two tax brackets. Republicans oppose any increase in taxes and argue for closing tax loopholes and deductions as a means to generate revenue.

CNN's Paul Steinhauser and Dana Davidsen contributed to this report.


Filed under: 2012 • Fiscal Cliff
soundoff (5 Responses)
  1. steve

    Going over the "cliff" is the best thing that can happen for the debt :)

    December 14, 2012 03:48 pm at 3:48 pm |
  2. 'Deal or no Deal'....

    The White House with Obama at the helm planned and coined.."Fiscal Cliff".....so we say:...."No Deal" is forthcoming"

    December 14, 2012 04:04 pm at 4:04 pm |
  3. Jonathan Ryan Brittain

    Its pretty sinmple to me tax the big corporations off there profits, protect our water, rebuild are rail system, cut the taxes on the middle class, reduce health care cost by allowing only a certain profit range as thery are sapose to be doing now with blueshield cali. but we see how that is going. huge tax breaks for small bussiness and reley on bussiness (big) to rebuild infastructure water lines bridges and such by requireing it by fed law. Cut waste and miss shipment localize food growth and distrebution and back off our cost lines!!!!!!!!!

    December 14, 2012 04:11 pm at 4:11 pm |
  4. Rudy NYC

    If the spending cuts mandated by sequestration are so bad for the economy, then why is that the Republicans have come to the bargaining table with double the dollar value in spending cuts?

    I hear so many right wing voices saying let's go over the cliff and return to "Clinton Era" spendng and tax rates, that I would like to take them up on their bluff. Let's do it. Let's return to "Clinton Era" Defense spending, okay? Ready? 1 – 2- 3- JUMP.

    December 14, 2012 04:18 pm at 4:18 pm |
  5. John

    Going over the Cliff is not that bad.....a tax decrease for most Americans can be implemented with the new congress before tax tables are even changed after the new congress is sworn in......a majority of generals claim that the military budget SHOULD BE cut as well, so there is no need to revisit the military cuts previously planned.....

    December 14, 2012 04:25 pm at 4:25 pm |