The “Fix the Debt” lobby group called a recent IPS report “lies and mudslinging.” But rather than attacking IPS research, the group may want to focus on resolving their own inconsistencies.
Without trimming the safety net, an Institute for Policy Studies framework would shrink the federal budget deficit by $881 billion per year while making the United States more equitable, green, and secure.
A new report by IPS shows that “Fix the Debt” CEOs hold an average of $9 million each to put toward retirement, but are running deficits in pension funds for their own employees.
This report analyzes the retirement policies of the U.S. corporations leading the “Fix the Debt” campaign, which is calling for reduced spending on senior citizens’ benefits as part of a deal on the national debt.
Cutting the deficit doesn’t have to hurt. John Cavanagh describes seven places in the budget where we can make cuts that actually make our country greener, more secure, and more sustainable.