The best alternative and most reasonable budget has been released and you don’t know about it even though the most popular president in the last 20 years, Bill Clinton, embraced it.
President Clinton called it, “The most comprehensive alternative to the budgets passed by the House Republicans and recommended by the Simpson-Bowles Commission…Does two things far better than the anti-government budget passed by the House: it takes care of older Americans and others who need help; and much more than the House plan, or the Simpson-Bowles plan, it invests a lot our tax money to get America back in the future business.”
The progressive budget will unfortunately not go anywhere without immense public pressure because remember, unlike the Republicans who fall in line, Democrats are scattered.
In the People’s Budget, it claims to balance the budget within TEN YEARS and creates surplus of $31 billion. Now you would think the Republican deficit hawks would rally around this, but it raises taxes so forget about it. The Clinton surplus was driven by fiscal responsibility AND raising taxes, just like the People’s budget.
Other prominent economist and reporters have made embracing remarks about this budget. The Economist magazine called it “Courageous” adding, “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 programs for the poor and the elderly. The Progressive Caucus’s plan would (by its own claims) balance the budget by 2021 by cutting defense spending and raising taxes, mainly on rich people.”
The Guardian said it is “the most fiscally responsible in town… would balance the books by 2021“
Forbes stated, “(I)nstead 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.”
The Washington Post said, “The Congressional Progressive Caucus plan wins the fiscal responsibility derby thus far.”
Rachel Maddow said it “Balances the budget 20 years earlier than Paul Ryan even tries to.”
So why isn’t this gaining traction. Why isn’t congress even talking about this? Well, to start the process you, the readers of PoliticusUSA, need to contact congress and Occupy the phone lines. Then you need to write letter to you local papers.
The people’s budget needs to have your support before Congress will support it.