On Saturday, the group known as America Speaks (funded by Wall Street mogul Peter G. Peterson and two other foundations) brought together several thousand people in meetings in 60 cities. They gave participants misleading background information about the federal deficit and economic options to achieve fiscal "balance" and future prosperity.
Peterson cannot be pleased with the participants' mainly progressive policy choices, which will be presented on June 30 to the Deficit Commission that Peterson encouraged President Obama to create.
According to America Speaks' own press release, when a scientifically selected group of participants picked up their electronic voting devices, they overwhelmingly supported proposals to
- Raise tax rates on corporate income and those earning more than $1 million.
- Reduce military spending by 10 to 15 percent,
- Create a carbon tax and a securities-transaction tax.