“Fix the Debt” – Defense Contractor Ties Exposed

Nothing exposes GOP flailing about debt for the fraud that it is like defense budget scrutiny. When genuine deficit hawks point out how bloated and porky the Pentagon has become, Republican Keynesians come out of the woodwork in droves.

So it comes as no surprise that a leading balance-the-budget corporate lobby has been found to have extensive ties to defense contractors.

According to The Public Accountability Initiative, the group Fix The Debt – which advocates for Medicare, Medicaid and Social Security cuts while pushing corporate tax reform – has 38 leaders with “ties to 43 companies with defense contracts totaling $42.3 billion in 2012.”

Boeing’s CEO W. James McNerney is among those on the group’s CEO Council, and Northrop Grumman board member Vic Fazio is on Fix the Debt’s steering committee. Other Fix the Debt linked companies with over $1 billion in defense contracts in 2012 include GE, Textron, Honeywell, and World Fuel Services.

To read the full report, which includes details about Fix the Debt’s Wall Street ties and how it actually had the gall to blast defense cuts, click here.

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Samuel Knight

Samuel Knight is a freelance journalist living in DC and a former intern at the Washington Monthly.