Last year’s circus on the debt ceiling and failed effort to have a long-term solution to our country’s finances marked a new low in the dysfunction of our politics.
I remember wondering in the wake of that episode “why can some of the nations business and civic leaders work to get this on course?” Well, it turns out they are, through a new group called “Fix the Debt.”
The article tells the story of this group, from its origin with Simpson & Bowles, the two guys behind the commission of the same name. They’ve recruited on business leaders from Honeywell, JP Morgan, Aetna, etc. with the goal of raising money to support a campaign pushing for a bipartisan debt agreement.
The most interesting part of the article is how these business leaders really want a bipartisan debt solution, but that none of their traditional lobbying channels (e.g. US Chamber of Commerce) would push for such a solution, as traditional interest groups are so stuck at one extreme or the other.
So instead they formed their own group. A great thing. I look forward to following their progress.