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WillyT's Journal
Posted by WillyT in General Discussion
Sat Apr 16th 2011, 11:05 AM

Reps. Maxine Waters, Mazie Hirono (podium) and Raul Grijalva introducing
The People's Budget at the Capitol today


It's a budget that produces a surplus by 2021 without cutting services for the poor and middle-class. It thus provides a stark contrast with the recent proposal by Rep. Paul Ryan, and a left-flank to the principles outlined by President Obama.

Here's a general overview of The People's Budget:

Reduces unemployment—and thus the deficit—through extensive investment in infrastructure, clean energy, transportation and education;

Ends almost all the Bush tax cuts, creates new tax brackets for millionaires and new fees on Wall Street;

Full American military withdrawal from Iraq and Afghanistan, along with other reductions in military spending;

Ends subsidies for non-renewable energy;

Lowers health care costs through a public option and negotiating Rx payments with pharmaceutical companies;

Raises the taxable maximum on Social Security.



Link to Kos Diary here: http://www.dailykos.com/story/2011/04/13/9... ...

Full details can be read here (.pdf file): http://grijalva.house.gov/uploads/The%20CP...

The Economic Policy Institute has a full analysis here: http://www.epi.org/publications/entry/the_...


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