The Economist: Courageous Progressive Caucus Budget

[Scuba]

http://www4.economist.com/blogs/democracyinamerica/2011/04/debt_proposals


<snip>

"...Republicans are refusing to raise the national debt ceiling even though their own budget raises the national debt by $6 trillion over the next decade, and no one in the national press corps seems to be pointing out the contradiction.

"the Congressional Progressive Caucus plan wins the fiscal responsibility derby thus far; it reaches balance by 2021 largely through assorted tax hikes and defense cuts." Which is pretty interesting. Have you ever heard of the Congressional Progressive Caucus budget plan? Neither had I. The caucus's co-chairs, Raul Grijalva of Arizona and Keith Ellison of Minnesota, released it on April 6th. The budget savings come from defence cuts, including immediately withdrawing from Afghanistan and Iraq, which saves $1.6 trillion over the CBO baseline from 2012-2021. The tax hikes include restoring the estate tax, ending the Bush tax cuts, and adding new tax brackets for the extremely rich, running from 45% on income over a million a year to 49% on income over a billion a year.

"Mr Ryan's plan adds (by its own claims) $6 trillion to the national debt over the next decade, but promises to balance the budget by sometime in the 2030s by cutting programmes for the poor and the elderly. The Progressive Caucus's plan would (by its own claims) balance the budget by 2021 by cutting defence spending and raising taxes, mainly on rich people. Mr Ryan has been fulsomely praised for his courage. The Progressive Caucus has not.'

<end snip>


The Peoples Budget


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

http://grijalva.house.gov/uploads/The%20CPC%20FY2012%20...


This needs to be pushed as the path to the 2012 elections and future of America. Not perfect, but such a striking contrast with the Ryan disaster will be easy to explain to the public.


Here's Rachel's coverage last night... http://www.msnbc.msn.com/id/26315908/ns/msnbc_tv-rachel... /


(edited to repair link)

[highplainsdem]

1. K&R. Thanks, Scuba! And could you please change the Economist link to the direct one?

http://www4.economist.com/blogs/democracyinamerica/2011/04/debt_proposals

The Economist link you have in the OP is to the general one for that blog, not the specific blog post.

[Warren Stupidity]

2. Too bad this is not "on the table".

No instead the debate is all about how deep the cuts to social security medicare medicaid nea npr education etc will be.

[patrice]

3. K&R

[bvar22]

4. My heart longs for a Political Party that would support this.

I would be a PROUD member.
K&R



Who will STAND and FIGHT for THIS American Majority?
"By their WORKS you will know them."