Business Heavy Hitters Considering All Options for Cutting Debt, Including Raising Taxes

As national debt climbs to $30,000 per citizen, all areas of the budget must be considered with no preconditions, says Committee for Economic Development.

The Committee for Economic Development (CED), a non-profit, non-partisan public policy organization composed largely of current and retired business execs – members of its executive committee cite affiliations with Bausch & Lomb, Grant Thornton, and McKinsey & Company, Inc., among others – issued a Business Statement on the Nation’s Health late last week. In it, the more than 100 endorsers “pledged to support policymakers who build a serious and comprehensive plan to reduce the federal deficit and urged lawmakers in Washington to participate in a budget process such as that proposed by President Obama on April 13.”

Read more... | Source: The Big Fat Finance Blog.