George Washington students call for solution to 'fiscal cliff'
College student nationwide are calling for compromise in Congress. If lawmakers don't strike up a debt deal soon, Americans will pay the price via looming tax hikes and budget cuts.
On Jan. 1, a number of tax cuts will expire and severe cuts to defense and government spending will be triggered.
Young people afraid of falling into another recession are teaming up for a solution.
On the campus of George Washington University, a new mascot is emerging. His name is "Ameri-can," and he's delivering a message from students to Capitol Hill.
Nick Troiano is the co-founder of "The Can Kicks Back."
"We realized that our generation is the can that Washington keeps kicking down the road every time they delay action on our national debt, so this can-paign is meant to kick back at Washington and demand a solution," Trojano said.
Trojano, a part-time grad student, said young people stand to lose the most from out country's ballooning $16 trillion debt.
"I'm graduating with a lot of student debt, but that pales in comparison to my share of the national debt which is over 50-thousand dollars," Trojano added. "This is the biggest issue our generation faces. It impacts our ability to find a job, finance an education."
So students are fighting back by bringing Congress a giant pyramid of tin cans later this week. Their concerns are scribbled all over the cans.
George Washington Student Body President Ashwin Narla said, "We talk about a number of issues that come up during the election season whether it be education, whether it be foreign policy. If you don't have control over your finances, you can't focus on those things."
Narla is working with class presidents across the nation to gather signatures calling for bipartisan fiscal reform.
Their letter to Congress and the White House says, in part, "We risk being denied the time honored promise that each generation will inherit a country better off than the one before it."
That's what troubles Sophomore Sarah O'Brien the most.
"A lot of my friends and family who have recently graduated have had a lot of trouble finding a job, so that's concerning to me obviously. When I graduate, will I be able to find a job...," O'Brien said.
If Congress doesn't reach a debt deal by the new year the average household will fork over and extra $3,400 to Uncle Sam.
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