Friday, March 27, 2015

Repugs Pass an Austerity Budget That Would Make Greece Look Prosperous

Five Trillion dollars cut from every domestic spending program that does not engorge the already obscenely rich, fossil fuel companies and military contractors.

The Center on Budget and Policy Priorities has the details.

Fortunately, it's dead on arrival, thanks to the Kenyan Usurper.  Unfortunately, the budget that would actually rescue the country from Greece's fate will never make it to the president's desk.

But it's amazing what you can do with a budget when your goal is to make the economy work for the non-rich.

Crooks and Liars:

Once again, I've yet to hear our corporate media talking about this progressive budget, which includes things that voters actually want. I wonder why! Via Vox:
Every year, the Congressional Progressive Caucus releases a budget proposal, and every year it gets roundly ignored. As the big budget plans — the White House's, the House Budget Committee's, the Senate Budget Committee's — are vigorously covered in the press (including by me!), nary a word is said about the CPC's offering.
This makes sense, of course. The CPC represents a little more than a third of the minority party in the House and has one member in the Senate; its plans are objectively less important, and less likely to shape policy, than ones coming from the president or the majority parties in the House and Senate.
But its budget — or "the People's Budget," as CPC likes to call it — deserves your attention. It's a far better contrast to the aggressive spending cuts of the House and Senate GOP budgets than President Obama's much more timid offering. Like the congressional GOP, and unlike Obama, the CPC isn't trying to lay out a realistic spending course or create a starting point for negotiations. It's trying to lay out a comprehensive vision for transforming the federal government, to give grassroots activists something to rally around and to pressure presidential contenders. It sets out a clear theory for where the Democratic Party should head next that Hillary Clinton and others need to reckon with.
House and Senate Republicans would cut trillions from the budget, mostly from health and social welfare programs. So naturally the CPC budget adds trillions to the budget. While the Congressional Budget Office projects the federal government will spend about $49 trillion between 2016 and 2025, the progressive budget envisions $52.4 trillion in spending — a net increase of about $3.4 trillion.
And with those trillions, it does just about everything a progressive could ask for, short of fully implementing Swedish social democracy in America:
$745 billion goes to an infrastructure program, meant to both create jobs and repair deteriorating roads, bridges, and the like.

$128 billion goes to a new tax credit for low- and middle-income workers.
The debt limit deal of 2011 — including the budget sequestration — is repealed in full, and more spending on non-defense discretionary programs is added on top of that, for a total discretionary spending hike of nearly $1.9 trillion.
A bevy of new education programs are introduced, including universal pre-K and a matching fund to help public universities "increase aid to students to help them cover the total cost of college attendance without taking on debt."
While the budget declines to change Social Security (believing that to be an issue best addressed outside of the budget process), it calls for the program to be significantly expanded.
Go read the rest, and share with your friends. The media continues to turn this into the Invisible Budget -- don't let them!

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