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peoli Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-27-11 11:12 AM
Original message
The Peoples Budget
Here is a link to the budget proposed by Raul Grijalva and colleagues.

http://www.standwithraul.com/wp-content/uploads/2011/04...
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AlabamaLibrul Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-27-11 11:13 AM
Response to Original message
1. Summary & commentary from the likes of The Economist and Paul Krugman here
Edited on Wed Apr-27-11 11:14 AM by AlabamaLibrul
http://cpc.grijalva.house.gov/index.cfm?sectionid=70

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 Americas 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.
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peoli Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-27-11 11:46 AM
Response to Reply #1
2. the Thom Hartman video
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