It is sad that there is a budget that out there that is much better than the President’s budget and Republican Paul Ryan’s budget. The budget is humane and it does not use smoke and mirrors or ideology to pay balance the budget.
The budget is not only a policy panacea but will change the quality of life in America. Infrastructure, energy independence, education, and all policies that ensure a growing middle class is covered.
While it is true that the budget will tax the wealthy more and close tax loopholes that are nothing but middle class provided welfare to corporations, the increased American economic activity will likely increase their gross income. Patriotism alone should have been enough to give this budget traction. Unfortunately until Americans understand that they are being misled by a corporate controlled media and politicians, nothing will get done.
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Eliminates National Deficit by 2021
Read The Technical Analysis by the Economic Policy Institute (External Link)
Presupuesto del Pueblo (Español)
The CPC proposal:
• Eliminates the deficits and creates a surplus by 2021
• Puts America back to work with a “Make it in America” jobs program
• Protects the social safety net
• Ends the wars in Afghanistan and Iraq
• Is FAIR (Fixing America’s Inequality Responsibly)
What the proposal accomplishes:
• Primary budget balance by 2014.
• Budget surplus by 2021.
• Reduces public debt as a share of GDP to 64.1% by 2021, down 16.5 percentage points from
a baseline fully adjusted for both the doc fix and the AMT patch.
• Reduces deficits by $5.6 trillion over 2012-21, relative to this adjusted baseline.
• Outlays equal to 22.2% of GDP and revenue equal 22.3% of GDP by 2021.
Support for the People’s Budget
“genuinely courageous”
“achieves this without dismantling the legacy of the New Deal”
“if you want a serious effort to balance the budget, here it is.”
“A bolt of hope…humane, responsible, and most of all sensible”
“Courageous”
“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.”
“In passing, Miller also draws attention something that’s gotten far too little attention in this debate. The most fiscally responsible plan seems to be neither the Republicans’ nor the president’s. It’s the Congressional Progressive Caucus plan…”
“It’s much more courageous to propose taxes on the rich and powerful than spending cuts on the poor and disabled.”
“Balances the budget 20 years earlier than Paul Ryan even tries to”
“the most fiscally responsible in town… would balance the books by 2021“
“the strongest rebuke…to the unconscionable ‘Ryan Budget’ for FY 2012.”
“once again put[s] requiring more sacrifice from the luckiest among us back on the table”
“National budget policy should adequately fund up-front job creation, invest in long-term economic growth, reform the tax code, and put the debt on a sustainable path while protecting the economic security of low-income Americans and growing the middle class. The proposal by the Congressional Progressive caucus achieves all of these goals.”
“The Congressional Progressive Caucus plan wins the fiscal responsibility derby thus far.”
“This is more than a fantasy document. It’s sound policy.”
“instead of gutting programs for the poor like Medicaid and Medicare, food stamps, and the new healthcare law, the People’s Budget focuses on cuts in defense. It also doesn’t scrap new financial regulations designed to at least partly stave off another massive financial collapse like the one that put us in this mess in the first place.”
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