Like the San Francisco Giants, the national debt had a surprise breakthrough last night. Though the appearance was not as dominating as that of Marco Scutaro and company, the issue showed it won’t be going away anytime soon.
Both candidates appeared to heed our call not to ignore the debt at last night’s final presidential debate, confirming that the national debt is a foreign policy issue. However, there wasn’t a lot of talk and little was substantive, see a fact-check of the candidates’ fiscal statements here.
The biggest development was when President Obama said that the sequestration scheduled to occur at the beginning of 2013 “will not happen.” The sequester is a part of the fiscal cliff and avoiding it should be a priority for Congress, but simply kicking the can down the road is unacceptable. A bipartisan group of lawmakers is working to replace the fiscal cliff with a smart debt reduction plan.
There’s a lot of work to do. You can help fix the debt and avoid the fiscal cliff by using our handy Citizen’s Toolkit.
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- Debt Ceiling Coming Off Suspension 05/17/2013
- New Report Shows Short-Term Gains, But Long-Term Debt Problems Remain 05/15/2013