Which side are YOU on?

April 23, 2011 at 10:55 am | Posted in civil rights, Economy, Historical, Labor, music, Occupy | Leave a comment
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A Budget Plan We Can Live With

April 23, 2011 at 9:06 am | Posted in Economy, House of Representatives, politics straight up | Leave a comment
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The Congressional Progressive Caucus budget proposal:

Elderly couple and their automobile "home" equipped with bed. c1911 Oct. 2. (Library of Congress)

• 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

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