01 Aug '11, 5pm

Friends of the Earth urge rejection of debt ceiling compromise:

Contact: Kelly Trout, [email protected] , 202-222-0722 Nick Berning, [email protected] , 202-222-0748 Friends of the Earth urges rejection of proposed debt ceiling agreement Agreement maintains giveaways to polluting corporations while undermining government’s ability to work for people and the planet WASHINGTON, D.C. — Last night President Obama, Majority Leader Reid, Speaker Boehner and Minority Leader McConnell announced a framework for raising the debt ceiling. The plan calls for roughly $1 trillion in spending reductions with no revenue increases. It establishes a commission tasked with agreeing on an additional $1.5 trillion in savings and revenue; if no agreement on that additional savings and revenue is reached, additional spending cuts will be automatically triggered. Friends of the Earth's president, Erich Pica, had the following response: “Friends of the Earth stron...

Full article: http://www.foe.org/friends-earth-urges-rejection-proposed...

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