by KeithE » Sun Mar 22, 2015 8:12 am
The 4 budgets are Obama’s, The House’s, the Senate’s, and the House’s Progressive Caucus.
Please click and read. You will find that the Progressive Caucus lines up with what American’s say they want in all areas except achieving a balanced budget.
This includes the areas of:
Domestic Discretionary Funding: infrastructure, energy and environment, housing, job training.
Job Creation
Education
Social Security
Health Care System: ACA,Medicare, Medicaid
SNAP (food stamps)
Defense: Pentagon, Overseas Contingency Ops
Taxes: Corporate, Wealthy, Middle Class, Lower Class
Sequestration
As I said, only the wish for deficit reduction favors the House or Senate’s version.
The deficit reduction claims over the next 10 years are:
Obama’s : $1.8T (increases both spending and projected revenues)
House’s : $5.5T (decreases spending and tax rates); “balances annual budget in less than 10 years"
Senate’s : $5.1T (decreases spending and tax rates); “balances annual budget in 10 years”
Progressive Caucus: $3.4T (increases spending on jobs/infrastructure and increase taxes on wealthy to Clinton era).
Obama’s and the Progressive do not plan to eliminate annual budget shortfalls but lowers them.
The trouble I have with the House’s and the Senate’s proposal is that cutting domestic discretionary spending has not worked throughout the Reagan, Bush II eras in terms of reducing budget deficits. It seems reasonable but utterly wrong. This is plain historical fact.
And in our economic times of underemployment they will not work since the tax revenues go down more than the domestic spending cuts demanded.
Alternatively stimulating the economy (and thereby putting money in the hands of people) has worked to reduce deficits as Obama has shown. Deficits are down by 65% since 2009 (last Bush era budget).
Another alternative is to reduce the defense budget drastically say to only 3 times the next highest defense spender China. But that will reduce jobs and job training.
But read the link closely.
Informed by Data.
Driven by the SPIRIT and JESUS’s Example.
Promoting the Kingdom of GOD on Earth.