Friday, April 29, 2011

"Progressive Caucus Budget: The Only Honest Plan on the Table"

Tim Dickinson (Rolling Stone):
The 75-member House Progressive Caucus has put out its own budget to counter Paul Ryan's Medicare-gutting GOP plan.

This is more than a fantasy document. It's sound policy. The conservative Economist magazine has called the budget "courageous." As a conversation-starter, it shows that the path out of our debt and deficit quagmire is not as steep as most imagine, and that getting America's fiscal house in order isn't incompatible with making critical investments in jobs and infrastructure.

The budget has more of what Americans say they want — new taxes on the rich and cuts to defense — than either the GOP's or the president's budget. And it has none of what Americans say they hate: changes to the social compact that's guided America from the days of the New Deal and the Great Society.

The Progressive budget would slash $5.6 trillion in deficits on the way to generating a small surplus in 2021—reaching a balanced budget two decades in advance of Paul Ryan's plan. MORE...

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