Wall Street billionaire Pete Peterson and his "Fix the Debt" - TopicsExpress

Wall Street billionaire Pete Peterson and his "Fix the Debt" wrecking crew are hard at work pushing for steep cuts in Social Security, Medicare, and other programs that keep millions of Americans out of poverty. CMD exposed Peterson and the "Fix the Debt" gang on the cover of The Nation in 2013. Fix the Debt is just the latest Peterson-funded front group that has been trying to hype rapidly decreasing debt and deficits into a "Pearl Harbor"-level crisis. In 2007, Wall Street billionaire Peterson pledged $1 billion of his Blackstone Group fortune to fund groups that would make slashing "entitlement" programs a number one priority. Since then, he has funded almost every think tank, every bus tour, every propaganda movie and every "youth group" touting the responsible "shared sacrifice" line. Today, Fix the Debt is releasing press statements urging Congress to resolve the government shut down, calling it a "manufactured crisis" -- but only because they have been working so hard to manufacture another one!

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