The Moment of Truth Project

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Learn more about Pete Peterson-funded astroturf projects at the Fix the Debt Portal.

The Moment of Truth Project was created by former Sen. Alan Simpson and former White House chief of staff Erskine Bowles. It was started in 2011 after the National Commission on Fiscal Responsibility and Reform (better known as the "Simpson-Bowles Commission") failed to garner enough votes to pass a final deficit reduction package. It is named for the chairmen's report released by Simpson and Bowles in December 2010 called "The Moment of Truth: Report of the National Commission on Fiscal Responsibility and Reform." The Peter G. Peterson-funded project (see below) gave Simpson and Bowles staff support and a PR platform to continue their advocacy for cuts to the federal budget after the commission ended.[1]

The project is, according to its own website, a "non-profit, non-partisan effort that seeks to foster honest discussion about the nation's fiscal challenges, the difficult choices that must be made to solve them, and the potential for bipartisan compromise that can move the debate forward and help set our country on a sustainable path."[2] It is an effort launched by the Committee for a Responsible Federal Budget (CRFB),[3] supposedly "to increase awareness of our country's fiscal challenges, educate people about the choices we face in dealing with them, and promote action on reducing the national debt and deficit."[2]

Ties to Pete Peterson's "Fix the Debt"

The Campaign to Fix the Debt is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire Pete Peterson to slash earned benefit programs such as Social Security and Medicare under the guise of fixing the nation's "debt problem."

The Moment of Truth Project is a partner in the Fix the Debt Campaign.[4] In 2011, It was funded by a $300,000 Peter G. Peterson Foundation grant in 2011[5] after the National Commission on Fiscal Responsibility and Reform (better known as the "Simpson-Bowles Commission") failed to garner enough votes to pass a final deficit reduction package. It is named for the chairmen's report released by Simpson and Bowles in December 2010 called "The Moment of Truth: Report of the National Commission on Fiscal Responsibility and Reform." The Peterson funded project gave Erskine Bowles and Senator Alan Simpson staff support and a PR platform to continue their advocacy for cuts to the federal budget after the commission ended.[6]

The Moment of Truth Project is an effort launched by CRFB, a nonprofit organization[7] housed at the New America Foundation (NAF),[8] a 501(c)(3) that receives considerable funding from the Peter G. Peterson Foundation[9] ($2,050,000 from 2009 to 2011).[5]

Separetely, in 2011, the Peterson Foundation donated $300,000 to support the Moment of Truth Project at CRFB.[10]

This article is part of the Center for Media and Democracy's investigation of Pete Peterson's Campaign to "Fix the Debt." Please visit our main SourceWatch page on Fix the Debt.

About Fix the Debt
The Campaign to Fix the Debt is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire Pete Peterson to slash earned benefit programs such as Social Security and Medicare under the guise of fixing the nation's "debt problem." Through a special report and new interactive wiki resource, the Center for Media and Democracy -- in partnership with the Nation magazine -- exposes the funding, the leaders, the partner groups, and the phony state "chapters" of this astroturf supergroup. Learn more at PetersonPyramid.org and in the Nation magazine.


Personnel

Co-Chairmen[11]

Advisory Board[11]

Executive Director[11]

  • Ed Lorenzen

Contact

Ed Lorenzen
Email: lorenzen AT newamerica.net
Twitter: @bowlessimpson

Resources & Articles

Featured SourceWatch Articles on Fix the Debt

External Resources

External Articles

References

  1. The Moment of Truth Project, Statement on the First Anniversary of The Moment of Truth Project, organizational statement, December 1, 2011.
  2. 2.0 2.1 Committee for a Responsible Federal Budget', "Moment of Truth Project Launch", organizational website, accessed January 16, 2013.
  3. "About Us", The Committee for a Responsible Federal Budget, Accessed January 17, 2013.
  4. "Partners", Fix the Debt, Accessed January 25, 2013.
  5. 5.0 5.1 Peter G. Peterson Foundation, New America Foundation/Committee for a Responsible Federal Budget, organizational website, accessed January 2013.
  6. The Moment of Truth Project, Statement on the First Anniversary of The Moment of Truth Project, organizational statement, December 1, 2011.
  7. "About Us", The Committee for Responsible Federal Budget, Accessed January 18, 2013.
  8. CRFB, About Us, organizational website, accessed February 2013.
  9. "Our Funding", New America Foundation, Accessed January 18, 2013.
  10. "New America Foundation/Committee for a Responsible Federal Budget", Peter G. Peterson Foundation, August 01, 2012.
  11. 11.0 11.1 11.2 "Advisory Board", Moment of Truth Project, Accessed January 16, 2013.
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