Debt Reduction

BE IT RESOLVED THAT WE, THE NINETY-NINE PERCENT OF THE PEOPLE of the UNITED STATES OF AMERICA, in order to form a more perfect Union, by, for and of the People, shall elect 878 Delegates on the weekend of June 1st, 2012, and convene a NATIONAL GENERAL ASSEMBLY the week of July 4, 2012 in the City Of Philadelphia to prepare and ratify a PETITION FOR A REDRESS OF GRIEVANCES on behalf of the Ninety-Nine Percent of the People of the United States to be served upon the United States Congress, United States Supreme Court and President of the United States prior to November 6, 2012.

HELP DRAFT THIS HISTORIC DOCUMENT! The final version of the PETITION FOR A REDRESS OF GRIEVANCES, is to be written and ratified solely by the elected Delegates, and may or may not include the following grievance currently suggested by the 99% Declaration Working Group. We are asking you, America's 99%, to inform the representative Delegates and participate in the drafting of the final petition by signing on each grievance you support and if you wish, please add your comments below. Click here to see the full list of grievances.

To support this grievance, please sign below.

Debt ReductionAdoption of a plan to reduce the national debt to a sustainable percentage of GDP by 2020. Reduction of the $15 trillion national debt to be achieved by BOTH fair progressive taxation and cuts in spending that benefit corporations engaged in perpetual war for profit, inefficient health care, pharmaceutical exploitation, over-prescribing medications for profit, monopolization of the media by a small group of corporations, the prison and military industrial complexes, criminal banking, securities and financial schemes, the oil and gas industry, and all other corrupt monopolies, entities and individuals that have used the federal budget as a private income stream for decades.  Corporate bribery of politicians can no longer be deemed a cost of doing business paid for a lucrative “return on investment.”  This abhorrent and brazen “pay to play” racket run by Congress, corporations and the top income earners, puts greed ahead of People, resulted in a $15 trillion national debt and an unprecedented downgrade of our sovereign credit rating.

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Showing 19 reactions

Marlin Knight signed 2012-04-10 12:02:08 -0700
Rebecca Lindsey signed 2012-04-09 10:51:06 -0700
Sarah Olds signed 2012-04-07 01:19:48 -0700
Jasper Blake signed 2012-04-03 11:47:05 -0700
Deanie Gilbert signed 2012-04-02 15:17:50 -0700
Richard Hugunine signed 2012-04-02 13:09:35 -0700
Kelly Richins signed via Kay Finley 2012-03-26 01:47:18 -0700
Darlene Kelley signed 2012-03-19 13:49:14 -0700
William Demers signed 2012-03-18 10:20:46 -0700
Peredwyth Oakenring signed 2012-03-16 06:26:53 -0700
Pall Kalmansson signed 2012-03-15 17:00:39 -0700
Rodger Malcolm Mitchell signed via Rodger Malcolm Mitchell 2012-03-15 16:44:36 -0700
First learn Monetary Sovereignty. Then you will see how to make this goal moot.
Walter Pankoe signed 2012-03-14 22:18:53 -0700
James Nevola signed 2012-03-14 22:16:09 -0700
The only way to cut the growing debt of this country is to reduce the spending and greatly reduce the size of the federal government. This is accomplished by ending federal agencies which are not explicitly stated or authorized in the constitution.
Kristen Potter signed 2012-03-14 10:54:35 -0700
William Rebischke signed 2012-03-13 19:30:10 -0700
Since the current financial problems can be directly attributed to Wall Street, lets impose a fee of $10.00 per transaction in the stock market to be used only for debt reduction. Remove the fee only when our national debt is reduced to zero. Reinstate the fee when our debt reaches one billion dollars again.
Eric Fernau signed 2012-03-13 15:00:34 -0700
Eric Fernau signed 2012-03-13 14:55:56 -0700
Nicholas Sortor signed 2012-03-13 00:40:18 -0700
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