26 April 2011

A Real Plan for Deficit Reduction

The Congressional Progressive Caucus has a budget proposal out that is worth considering. It should embarrass the Obama administration and any supporter of the administration still harbouring the illusion that the president is all about hope and change. Krugman gives it a thumbs up, the folks at The Economist give it a thumbs up too, ditto The Guardian . . . and, of course, I have to say that my own Congressional Representative is a CPC member . . . Louise Slaughter does Western NY proud!
P.S.: It turns out that the CPC plan works mostly by identifying and addressing the actual sources of our deficit - namely run away defense spending (on Republican sponsored wars in Iraq & Afghanistan) and the Bush administration tax cuts. Unsurprisingly, I find that gratifying (look here and here).

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