Business leaders: Give us budget deal, stability
A bipartisan array of business and cultural leaders is urging the Colorado congressional delegation to use the lame-duck session to deal with the nation’s growing debt.
A letter signed by the heads of 54 private organizations from both sides of the Continental Divide urges the delegation and President Barack Obama to take the steps needed for “a comprehensive agreement for medium- and long-term deficit and debt reduction for the United States.”
Fix the Debt Colorado’s Fiscal Leadership Council said it is united by a common belief that “America’s ever-increasing federal debt is the most serious economic and national security threat facing the United States today.”
Financial instability tied to the nation’s debt and the battling in Washington over how to deal with the debt has stymied business plans just as things seemed to be improving, said Steve Meyer, president of Shaw Construction LLC in Grand Junction.
“Nobody knows if there’s another implosion coming” to the financial markets, which already are hamstrung with new regulations, Meyer said.
Businesses need to know that assumptions they rely on to make business decisions won’t change in a month, depending on political winds, Meyer said.
“All we’re looking for is stability,” he said.
Congress must resolve the budget and “going over the ‘fiscal cliff’ is not an option,” the letter says.
The Fiscal Leadership Council throws its weight behind the debt-reduction plan drafted by former Wyoming Sen. Alan Simpson, a Republican, and former Clinton administration chief of staff Erskine Bowles, a Democrat, as a framework for a long-term resolution to budget struggles.
The council covers a wide range of business and cultural entities and includes signers representing banking, energy, construction, health care, airlines and both political parties and unaffiliated voters, as well as members from both sides of the Continental Divide.
Daily Sentinel Publisher Jay Seaton signed the letter.
Other signers include Phil Anschutz of the Anschutz Corp., Fred Barrett of Bill Barrett Corp., Ken Gart of Gart Companies, Rob Katz of Vail Resorts, Dan Ritchies of the Denver Center for the Performing Arts, Larry Mizel of MDC Holdings and others.