Cocktails with the Fix the Debt CEO's

The Fix the Debt CEO’s met in Washington, DC on February 6th to hammer out their latest plans to finance giant tax cuts for corporations by cutting social programs and much-needed investment in infrastructure and job creation.

We didn’t get invited to the meeting, so we had an online cocktail party to tell the Fix the Debt CEO’s to bring their off-shore billions home, where it belongs.

These guys are drinking rum punch on the beach while hiding their corporate profits in off-shore tax havens. They’re sipping on pina coladas on some tax-free tropical island, not paying their fair share, and going after our Social Security, Medicare, and Medicaid to pay for their excess.

Meme of CEO's enjoying Off-Shore Tax Haven style-MaiTaxHavens
We don't need a meeting with greedy CEO's to know what to do about our budget -- the solution is obvious — it’s time for them to pay their fair share and bring our money home.

We served up virtual drinks, tropical tax-haven style, to expose their plans to gut social programs and infrastructure in order to finance their tax breaks and offshore tax havens — and demanded that they bring our tax dollars home.

You can check out a video of our members trying to get into the meeting here:

If you want more background on why we were at the meeting on Wednesday the 6th check this out:


Fix the Debt
likes to hide behind slick language and code words, but their goals are really quite clear.   They want to cut our earned benefits to pay for their tax breaks.  

Fix the Debt's Core Principals say they want "entitlement reform."   Let's be clear: entitlement reform means cuts to Social Security, Medicare and Medicaid.  Cuts to benefits, cuts to prescriptions.  Cuts for us.  How do we know?  Just listen to them 

Lloyd Blankfein, CEO of Goldman Sachs and Fix the Debt told CBS news on cutting Social Security:  "You're going to have to do something, undoubtedly, to lower people's expectations of what they're going to get...the entitlements, and what people think they're going to get, because you're not going to get it." 

David Cote, CEO of Honeywell speaking for Fix the Debt was even more blunt.  When asked "When it comes to cutting the budget, where does that money come from?" he said"The big nut is going to have to be Medicare/Medicaid, and even though most people don't want to talk about it -- "

On January 28th at Dartmouth, Fix the Debt Co-Chair Judd Gregg  "called for structural changes in the programs to limit the payouts to beneficiaries."

In an op/ed in the Detroit News, Michigan Fix the Debt Steering Committee member Rep. Roger Kahn said "Simply put, we must shave the costs of (Medicare), and other mandatory programs including Social Security and federal pensions." 

“We didn’t get what we wanted, which was spending cuts,” one CEO council member said.

“The next piece is going to have to focus on entitlements,” MacGuineas concurs.