Shooshmoo
Well-known member
Has there been any discussion of this budget on this board? For some reason Ryan's plan is getting all of the attention (in part because it's pretty terrible), but the CPC plan balances the budget by 2021 (10 years earlier than Ryan's plan).
http://cpc.grijalva.house.gov/index.cfm?sectionid=70
The CPC proposal:
• 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.
http://www.economist.com/blogs/democracyinamerica/2011/04/debt_proposals
"Mr Ryan's plan adds (by its own claims) $6 trillion to the national debt over the next decade, but promises to balance the budget by sometime in the 2030s by cutting programmes for the poor and the elderly. The Progressive Caucus's plan would (by its own claims) balance the budget by 2021 by cutting defence spending and raising taxes, mainly on rich people."
More:
http://krugman.blogs.nytimes.com/2011/04/22/the-progressive-budget-alternative/
http://www.rollingstone.com/politic...americas-only-honest-budget-proposal-20110428
This seems like the most rational, fiscally responsible, and effective budget plan. Tell me why it isn't.
http://cpc.grijalva.house.gov/index.cfm?sectionid=70
The CPC proposal:
• 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.
http://www.economist.com/blogs/democracyinamerica/2011/04/debt_proposals
"Mr Ryan's plan adds (by its own claims) $6 trillion to the national debt over the next decade, but promises to balance the budget by sometime in the 2030s by cutting programmes for the poor and the elderly. The Progressive Caucus's plan would (by its own claims) balance the budget by 2021 by cutting defence spending and raising taxes, mainly on rich people."
More:
http://krugman.blogs.nytimes.com/2011/04/22/the-progressive-budget-alternative/
http://www.rollingstone.com/politic...americas-only-honest-budget-proposal-20110428
This seems like the most rational, fiscally responsible, and effective budget plan. Tell me why it isn't.