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<div style="margin: 5px 5px 5px 5pt; float: left; width: 250px;"><object height="195" width="250"><param name="movie" value="http{{#evp://www.youtube.com/v/|Rui5m_DRdvg?fs=1&hl=en_US&rel=0"><param name="allowFullScreen" value="true"><param name="allowscriptaccess" value="always"><embed type="application/x-shockwave-flash" src="http|Pete Peterson Exposed://www.youtube.com/v/Rui5m_DRdvg?fs=1&hl=en_US&rel=0The " allowscriptaccess="always" allowfullscreen="true" height="195" width=Grand Bargain"Hoax|left|250"></object></div>}}As the government shut down drags on and the debt ceiling approaches in October 2013, 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 [http://www.thenation.com/article/173022/stacking-deck-phony-fix-debt-campaign The Nation] in 2013.
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'''Fix the Debt Hits the Road with Another Astroturf Road Show'''
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 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!
