Interesting....no one mentions

[whosinpower]

The Peoples Budget when talking of the fiscal crisis.

http://www.epi.org/page/-/WP290_FINAL.pdf?nocdn=1

Here is an analysis of it.

[Autumn]

1. Know what else is interesting?

....no one mentions the wars talking of the fiscal crisis.

[whosinpower]

3. And they SURELY do not want to discuss

Wall Street blowing up the economy in the first place.....
oh no - we must keep the market happy. Rinse, repeat....we must keep the market happy.

[Fearless]

5. +1000

[The Magistrate]

2. Of Course Not, Sir: Putting Federal spending More In Balance is Not the Point Of all This

The point of all this is finalizing the looting of the Social security Trust Funds, and making the regressive pay-roll tax the principal prop of federal war spending and give-aways to big business.

[Autumn]

4. Whoa, Thank you Sir

:applause:

[girl gone mad]

7. You are correct.

It's an exercise designed to shift the tax burden onto the productive class. The outcome is going to be very economically destructive. I'm deeply concerned that we have some extremely ignorant ideologues pushing a neoclassical economic agenda that they themselves do not fully comprehend.

[canoeist52]

6. Budget of the Congressional Progressive Caucus

http://cpc.grijalva.house.gov/index.cfm?sectionid=70

Our Budget Eliminates the Deficit and Raises a $31 Billion Surplus In Ten Years
Our budget protects Social Security, Medicare and Medicaid and responsibly eliminates the deficit by targeting its main drivers: the Bush Tax Cuts, the wars overseas, and the causes and effects of the recent recession.

• Ends the recently passed upper-income tax cuts and lets Bush-era tax cuts expire at the end of 2012
• Extends tax credits for the middle class, families, and students
• Creates new tax brackets that range from 45% starting at $1 million to 49% for $1 billion or more
• Implements a progressive estate tax
• Eliminates corporate welfare for oil, gas, and coal companies; closes loopholes for multinational corporations
• Enacts a financial crisis responsibility fee and a financial speculation tax on derivatives and foreign exchange

Our Budget Safeguards Social Security for the Next 75 Years
• Eliminates the individual Social Security payroll cap to make sure upper income earners pay their fair share
• Increases benefits based on higher contributions on the employee side

[A Simple Game]

8. They should add at least one more bullet.

Implement a war tax on all defense contractors and their share holders to kick in whenever we are in any conflicts, policing action, or war. We may also want to add an extra 10% supplemental war tax to the 49% tax on billionaires for the same reasons.