Shortcut Navigation:

AFL-CIO Now

Showing blog posts tagged with Pete Peterson

Contest Backfires on Social Security Privatizer

Oh, the sweet irony.

Pete Peterson is the conservative billionaire who is a major financier in the effort to dismantle, cut and privatize Social Security, Medicare and Medicaid. Recently he and his foundation held a contest asking folks to submit videos on why it is important to “fix” the national debt of which, he and his foundation falsely claim, Social Security is a major contributor.  

Read more and comment »

Diverting Attention from Economic Inequality by Pitting Young Against Old

The most striking feature of the U.S. economy over the last three decades has been the upward redistribution of income. The top 1.0 percent of households has managed to pocket the vast majority of gains over this period. That is a sharp contrast with the three decades immediately following World War II when the benefits of much more rapid growth were broadly shared.

Read more and comment »

Peterson’s Puppet Populists

Photo from the PR Watch blog.

Fix the Debt is the most hypocritical corporate PR campaign in decades, an ambitious attempt to convince the country that another cataclysmic economic crisis is around the corner and that urgent action is needed. Its strategy is pure Astroturf: assemble power players in business and government under an activist banner, then take the message outside the Beltway and give it the appearance of grassroots activism by manufacturing an emergency to infuse a sense of imminent crisis.

Read more and comment »

New Resource Exposes Peter Peterson's 'Fix the Debt' Scam

New Resource Exposes Peter Peterson's 'Fix the Debt' Scam

"Fix the Debt" portrays itself as a nonpartisan group designed to convince government to do something drastic about the national debt, which it says is a significant danger to the country. And despite widespread evidence from economists that their proposals would hurt the economy, Fix the Debt's members are pushing for a set of policies based on tax cuts for corporations and the wealthiest Americans and benefit cuts to lifelines like Social Security, Medicaid and Medicare.

Read more and comment »

Something Tells Us Tax Dodgers Are in No Hurry to 'Fix the Debt'

Ladies and gentleman, meet the tax-dodging gazillionaires behind Fix the Debt, a billionaire-funded group of millionaire CEOs trying to take away your retirement security and raise your effective tax rate while lowering their own tax liability.

Fix the Debt bills itself as a “non-partisan movement to put America on a better fiscal and economic path.” However, the group touts a non-specific tax plan that members are calling “Simpson-Bowles Plus,” a plan that cuts Social Security and Medicare benefits, guts tax credits and benefits that many working families rely on, widens tax incentives for corporations to offshore jobs and lowers tax rates for corporations and the wealthy. Basically, it’s a wish list for millionaire CEOs!

Read more and comment »

Online Community

Connect With Us

  • Facebook
  • Twitter
  • YouTube
  • Flickr

Get Email from AFL-CIO

Are you a union member?

GET TEXT FROM AFL-CIO

*Message and data rates may apply.

Facebook Favorites

Blogs

Join Us Online