Stephen Hemsley

Fix The Debt, the group pushing Congress to do something about runaway deficit spending, is loaded with highly compensated CEOs who know more about prosperity than austerity.They want to close tax loopholes, but they haven't yet mentioned that part of the tax code that encourages their companies to pay them millions in performance-based pay each year."Before they start calling for cuts that will have a huge impact on ordinary Americans, they should look at the ways they've been contributing to the deficit," said Sarah Anderson of the Institute for Policy Studies in Washington.Ms. Anderson is one of the authors of a study that her group released Thursday (May 2) called, "'Fix The Debt' CEOs Enjoy Taxpayer-Subsidized Pay."Fix the Debt is a bipartisan campaign co-founded by Alan Simpson, a former Republican U.S. senator from Wyoming, and Erskine Bowles, a former member of the Clinton administration. The group wants to cut spending, raise revenues and reform entitlement programs such as So...

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