By Kevin McCauley
KCSA Strategic Communications handled today's launch of the "Comeback America Initiative" drive designed to educate the U.S. public about the dangers connected to rising national debt and reliance on foreign lenders.
The campaign is funded by the foundation of billionaire Pete Peterson, ex-Commerce Secretary, Lehman Brothers CEO and Blackstone Group co-founder. It is based on the Comeback America book that was published in 2010 by former Comptroller General and Government Accountability Office head David Walker.
Walker's main point: the U.S. is "headed for a fiscal abyss and must change course to prevent a global economic collapse."
Members of the Initiative are readying a "fiscal solutions tour" of town hall meetings and conference calls with elected officials who want to engage constituents with the hard choices required to get the U.S. back on track.
The Initiative's board includes Bill Novelli, ex-president of Porter Novelli; Mel Martinez, ex-Florida Senator and now JP Morgan Chase executive VP; Norm Augustine, ex-Lockheed Martin chief; Harold Ford, former Tennessee Congressman and now Bank of America executive vice chairman; Andy Stern, former president of the Service Employees International Union and Josh Weston, ex-CEO of Automatic Data Processing.
Peterson's foundation, meanwhile, issued a statement today that called President Obama's proposed 2010 budget a "starting point to begin addressing our national's fiscal challenges."
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