This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Rogers Calls On Federal Legislators To Fix The Debt

CHARLOTTE, N.C., April 8, 2013 /PRNewswire/ -- Duke Energy CEO Jim Rogers today urged people to encourage their federal legislators to take immediate action to develop a more sustainable financial strategy for the country.

(Logo: http://photos.prnewswire.com/prnh/20130322/CL81938LOGO )

"With ever-increasing mountains of debt, the track our country is on is not sustainable," Rogers said. "At more than $11.8 trillion, the size of our publicly held national debt currently amounts to more than 73 percent of our entire economy, and is set to hit 100 percent by the early 2030s.

"A debt burden of this magnitude could increase interest rates, inflation and unemployment, and could even lead to a debt-fueled fiscal crisis," he added.

Rogers has joined the Campaign to Fix the Debt, a nonpartisan group of more than 350,000 citizens from across the country, who have come together to demand that federal leaders reduce wasteful and low-priority spending and simplify the tax code, among other actions.

"I encourage everyone to take a moment to sign the petition at www.fixthedebt.org and demand a common sense solution to prevent disaster and renew our nation's economic strength," Rogers said. "In my 35-plus years in the energy industry, 25 as a CEO, I have worked with dedicated teammates who have demonstrated that long-term success requires a commitment to sustainability, efficiency and reliability.

" Washington must show the same commitment.

"If we stay on our current course, a decade from now, more than three-quarters of all federal spending will be taken up by just two items: our entitlement programs and interest on our national debt," Rogers said. "This budgetary squeeze will crowd out other vital government functions, including investments in education, research and technology, which enable American companies to compete worldwide.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs