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BUSINESS TO OBAMA- PUT YOUR FISCAL HOUSE IN ORDER SAYS 300 BUSINESS LEADERS TO THE WHITE HOUSE!! DEBT CEILING LETTER

BUSINESS TO OBAMA- PUT YOUR FISCAL HOUSE IN ORDER SAYS 300 BUSINESS LEADERS TO THE WHITE HOUSE!! DEBT CEILING LETTER

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Published by: 83jjmack on Jul 13, 2011
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09/16/2011

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July 12, 2011The President of the United StatesThe White HouseWashington, DC 20500Members of the United States CongressUnited States CapitolWashington, DC 20510Dear Mr. President and Members of Congress,We believe it is vitally important for the US government to make good on its financial obligations and toput its fiscal house in order. With our nation on a sound fiscal footing, we are confident that America'sbusinesses and entrepreneurs will foster generations of high value, well paying jobs and contribute to aprosperous future. To this end, we believe now is the time for our political leaders to act.First, it is critical that the US government not default in any way on its fiscal obligations. A great nation -like a great company - has to be relied upon to pay its debts when they become due. This is a MainStreet not Wall Street issue. Treasury securities influence the cost of financing not just for companies butmore importantly for mortgages, auto loans, credit cards and student debt. A default would risk bothdisarray in those markets and a host of unintended consequences. The debt ceiling trigger does offer aneeded catalyst for serious negotiations on budget discipline but avoiding even a technical default isessential. This is a risk our country must not take.Second, our political leaders must agree to a plan to substantially reduce our long-term budget deficitswith a goal of at least stabilizing our nation's debt as a percentage of GDP - which will entail difficultchoices. The resulting plan must be long-term, predictable and binding. As businesses make plans toinvest and hire, we need confidence that, in the absence of a crisis, our government will not reversecourse and return to large deficit spending.Now is the time for our political leaders to put aside partisan differences and act in the nation's bestinterests. We believe that our nation's economic future is reliant upon their actions and urge them toreach an agreement. It is time to pull together rather than pull apart.Yours sincerely,Paul JonesChairman and CEOA. O. Smith CorporationJoseph GingoChairman/President/CEOA. Schulman Inc.Brian O'DonnellPresident & CEOA.W. Chesterton CompanyScott AsbjornsonPresidentAAON Coil Products, Inc.Enrique O. SantacanaPresident and Chief Executive OfficerABB Inc. USAJohn KaylorPresident US & CanadaAbicor Binzel
 
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Kellie JohnsonPresident & CEOACE Clearwater EnterprisesRon KnappCOOACI Building Systems, Inc.Charles E. Barnes, Sr.President/OwnerAction Chemical, Inc.John HendryPresidentThe Adams CompanyMatt CrosonPresidentAdhesive and Sealant CouncilDeAnne ShallcrossVice PresidentAdvance Equipment Manufacturing Co.Mark T. BertoliniPresidentAetna Inc.Martin RichenhagenChairman, President and CEOAGCO CorporationRoyce DrennanCOOAGE Industries, Ltd.Kevin AhausPresidentAhaus Tool and Engineering, Inc.W. Michael BaileyPresidentAlabama Technology Network / MEPKlaus KleinfeldChairman, President and CEOAlcoa Inc.Paul BlanchPresidentAlert Stamping & Mfg. Co., Inc.Jeffrey HughesPresidentALHU International, IncKendig KneenChairman/CEOAl-jon Manufacturing LLCRichard J. HarshmanChairman, President and Chief Executive OfficerAllegheny Technologies IncorporatedGary C. BhojwaniPresident & CEOAllianz Life Insurance Company of NorthAmericaPatrick McCannPresidentAllied Chucker And Engineering Co.Thomas J. WilsonChairman, President and CEOAllstate Insurance CompanyMichael A. CarpenterChief Executive OfficerAlly Financial Inc.Hannah KainPresident & CEOALOMLee J. StyslingerChairman & CEOAltec, Inc.Stewart AlvarezVice PresidentAmadeus North AmericaRichard WalkerPresident and CEOAmerican Architectural ManufacturersAssociationAndy DoylePresident and CEOAmerican Coatings AssociationTom Dobbins, CAEChief Staff ExecutiveAmerican Composites ManufacturersAssociationPaul O'DayPresident & CounselAmerican Fiber Manufacturers Association
 
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Kyle RogersVice President, Public AffairsAmerican Gas AssociationMichael NussmanPresident and CEOAmerican Sportfishing AssociationJames CraccioloChairman and CEOAmeriprise FinancialDouglas WoodsPresidentAMT - The Association For ManufacturingTechnologyFrederick PfaffPresident & CEOAnchor Metal Processing, Inc.Karen Buchwald WrightPresident and CEOAriel CorporationRandy ZookPresident/CEOArkansas State Chamber ofCommerce/Associated Industries of ArkansasWilma DourneyPresident & OwnerArm-R-Lite Door Mfg. Co. Inc.George L. ArgyrosChairman & CEOArnel & AffiliatesRalph DickmanPresident/OwnerArt Woodworking and Manufacturing Co.Barney Bishop IIIPresident & Chief Executive OfficerAssociated Industries of FloridaBrian GilmoreExecutive Vice President, Public AffairsAssociated Industries of MassachusettsRay McCartyPresident/CEOAssociated Industries of MissouriDennis SlaterPresidentAssociation of Equipment ManufacturersJoseph McGuirePresidentAssociation of Home Appliance ManufacturersA. Steven YoungPresidentAssociation of Independent CorrugatedConvertersDon BrunellPresidentAssociation of Washington BusinessBrian T. HoreyPresidentAurelian ManagementMike ShenigoVice President of Sales and OperationsAutomated Conveyor SystemsThomas V. McKernanChief Executive OfficerAutomobile Club of Southern CaliforniaWilliam C. GagerPresidentAutomotive Parts Remanufacturers AssociationDean A. ScarboroughChairman, President & CEOAvery Dennison CorporationRonald L. NelsonChairman & CEOAvis Budget Group, Inc.John HayesPresident and CEOBall CorporationMarijn E. DekkersChief Executive OfficerBayer AGGreg BabePresident and CEOBayer Corporation

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