Starbucks recently put itself smack in the middle of the gun rights debate when it came out with a press release asking customers not to bring their guns into their stores. Today, Starbucks CEO Howard Schultz was on CNBC explaining his desire for federal politicians to resolve their differences and end the government shutdown. Starbucks announced this morning their 'Come Together' campaign to petition the U.S. government pay federal obligations, end the government slowdown and to pass a bipartisan and comprehensive long-term budget deal by the end of the year. The coffee house is asking patrons to sign the petition electronically or sign the petition in person at one of their locations.
In his interview this morning on CNBC, Schultz said, "I believe these problems can be solved. But it can't be solved if the lens you are using to approach the problem or issue is through the lens of a partisan constituency."
This campaign is the evolution of Starbucks' most recent 'pay it forward' style campaign to buy coffee for a stranger which ends today.
The U.S. government has been on a federal slowdown, shuttering certain aspects of the federal government as Congress continues its debate to raise the nation's level of debt. Both Democrats and Republicans, as well as President Obama, have been unwilling to budge from their staunch positions to come to an agreement.
Schultz's big concern at this juncture is the need for a resolution to be made before October 17, 2013 when the U.S. government will need to pay back approximately $20 billion in debt service. The federal government has approximately $5.4 trillion coming in each this year, so it could continue without a resolution and still pay the debt service without defaulting. Defaulting on the nation's debt is widely considered an economic disaster and most would like to see it avoided at all costs.