Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

The Economist: Courageous Progressive Caucus Budget

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
 
Scuba Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 02:35 PM
Original message
The Economist: Courageous Progressive Caucus Budget
Edited on Sun Apr-24-11 02:40 PM by Scuba
http://www4.economist.com/blogs/democracyinamerica/2011...


<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)
Printer Friendly | Permalink |  | Top
highplainsdem Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 02:39 PM
Response to Original message
1. K&R. Thanks, Scuba! And could you please change the Economist link to the direct one?
http://www4.economist.com/blogs/democracyinamerica/2011...

The Economist link you have in the OP is to the general one for that blog, not the specific blog post.
Printer Friendly | Permalink |  | Top
 
Warren Stupidity Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 02:42 PM
Response to Original message
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.
Printer Friendly | Permalink |  | Top
 
patrice Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 02:45 PM
Response to Original message
3. K&R
Printer Friendly | Permalink |  | Top
 
bvar22 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 04:51 PM
Response to Original message
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."



Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Mon Jul 14th 2014, 06:00 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC