New ad campaign targets national debt
I meant to get to this last week when it came out but didn't have time: a debt-fighting organization has launched a multi-media ad campaign to educate Americans about the rapidly growing national debt.
The campaign comes from the Peter G. Peterson Foundation, an organization created by Peterson, co-founder of Blackstone Group private-equity firm. In recent years, he has turned his attention and sizable fortune toward the spiraling national debt. Last year, he hired former Comptroller General Dave Walker to run the Foundation, and it produced "I.O.U.S.A.," a well-received documentary on the debt.
The site reports polls showing that 80 percent of Americans say that dealing with deficits and the national debt is a high priority, and 66 percent support creating a bi-partisan commission that would craft spending reforms that would be voted on by Congress. A commission that Walker would like to chair.
The site also includes a 30-second video on the debt, which you can also see on the site above. (Explanatory note: the deficit is a measure of how far in the red the federal government's budget is each year. The national debt is the sum of all yearly deficits since the founding of the republic.)
A couple bonus items. You can see an interview I did recently with Walker by clicking here.
And here's a 30-minute version of "I.O.U.S.A.":
-- Frank Ahrens
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December 14, 2009; 2:08 PM ET
Categories: The Ticker | Tags: David Walker, Peter Peterson, debt, deficit
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