The People's Budget

The People's Budget (17)

'The more we learn about the balance sheets of Americans, it becomes quite alarming.'

A federal budget is a statement about our society’s values.

If you believe in this notion as I do, there’s a conclusion we can’t help but reach: The GOP’s new House budget proposal makes some troubling assertions about what’s right and wrong.

Billions in corporate welfare. Runaway income inequality and a tax code that favors the super-rich. A military more expensive than the next eight nations combined.

Our outdated infrastructure will fall apart if we don't invest in repairing it — that's just physics.

What does America stand for? Opportunity and equality? Or imperialism and greed?

The fact is that every year, without fail, our elected representatives hand the Pentagon more than half of the entire discretionary budget, or more than half a trillion dollars each year – leaving less than half for education, health care, the environment – and everything else we care about.

The presidential primaries have revealed the public thirst for big, bold ideas to address stagnant wages and hopes, whether it’s Bernie Sanders’ audacious policy agenda or Trump’s huge promises. For a detailed vision of what the federal government could do to actually address the big challenges we face, one need look no further than the People’s Budget, released last week by the Congressional Progressive Caucus.

The decision by the Federal Reserve on Wednesday to not increase interest rates right now beyond their current 0.25 to 0.5 percent range is a testament to the fragility of the slow economic recovery the United States is now experiencing.

Of all the FY 2017 proposed budgets, the Congressional Progressive Caucus People's Budget is by far the best on Social Security. It deserves the support of everyone who supports Social Security.

After 20 nationally televised, occasionally entertaining, sometimes appalling debates, our presidential candidates this cycle have discussed a number of important issues: immigration policy, gun safety, health care, taxes, U.S. involvement in the Middle East, and the mounting crisis of student debt, just to name a few.

The Obama administration’s budget proposal for 2017 would jack up military spending higher than it’s been since World War II.  The Republican leadership in Congress wants to jack it up higher than that.  Fortunately these aren’t our only choices.  The Congressional Progressive Caucus has mapped out a saner alternative in what it is calling the People’s Budget.

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