“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.

Support Nonprofit Journalism

If you enjoyed this article, consider making a donation to help us produce more like it. The Washington Monthly was founded in 1969 to tell the stories of how government really works—and how to make it work better. Fifty years later, the need for incisive analysis and new, progressive policy ideas is clearer than ever. As a nonprofit, we rely on support from readers like you.

Yes, I’ll make a donation

Samuel Knight

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