The Deal for All resolution, H.Res 733, which additional Members will cosponsor through the end of the year, advocates four key policies that have built the middle class, expanded the nation’s economy and must play a significant role in any future budget negotiation:
(1) No cuts to Medicare, Medicaid, or Social Security benefits;
(2) Must contain serious revenue increases, including closing corporate tax loopholes and increasing individual income tax rates for the highest earners;
(3) Significantly reduce defense spending to focus the United States Armed Forces on combating 21st century risks; and
(4) Promote economic growth and expand economic opportunity by including strong levels of job-creating Federal investments in areas such as infrastructure and education, and by promoting private investment."
“Congress is gearing up for high-stakes tax and budget negotiations, and we’re standing with working families to make sure we build a stronger and fairer economy,” Progressive Caucus Co-Chairs Rep. Ellison and Rep. Grijalva said. “While both parties will need to make sacrifices, we cannot do so at the expense of economic growth or the middle class. A balanced approach like the Deal for All would end tax breaks for the richest 2 percent, close tax loopholes for the wealthy and special interests, and ensure Americans don’t lose the benefits they’ve paid into for decades such as Social Security and Medicare.
“Republicans have relied on excessive tax breaks for the wealthy and corporations and cut the very programs that helped create a thriving middle class. At the same time, just this week, the Republican House majority is opposing common-sense budget cuts to protect a bloated defense budget and maintain a Cold War approach. This discredited approach of trickle-down economics, combined with the GOP’s refusal to govern during this session of Congress, has created the impending year-end fiscal cliff. We will not allow the GOP to push the middle class over that cliff.
“By pursuing a fair tax policy, effective job creation strategies, and sensible defense spending based on twenty-first threats, we will be able to steer the American people to a bright and prosperous future.”
Lawrence J. Korb, who served as Assistant Secretary of Defense under President Reagan, notes the defense budget can be reduced without jeopardizing national security. “For FY 2013, defense spending will consume about 20 percent of the total federal budget and more than half of the discretionary budget,” Korb noted. “In addition, the defense budget will be larger than major mandatory spending programs like Medicare and Medicaid.”
Maya Rockeymoore, chair of the National Committee to Preserve Social Security and Medicare, said that decisions to change Medicare, Medicaid and Social Security “must be based on what is best for their beneficiaries, and not what is expedient for reducing America’s debt. Social Security, Medicare and Medicaid are vital to the economic and health security of millions of senior Americans.”
“Arguments that we need large cuts in spending to reduce the deficit are based on a false view of what is driving deficits, in particular the myth that government spending is exploding,” Chad Stone, Chief Economist of the Center for Budget and Policy Priorities said. “Trying to balance the budget through spending cuts alone, or worse, trying to balance the budget through spending cuts after cutting taxes even more than they would be by simply extending the Bush tax cuts is a recipe for draconian spending cuts that will hit low- and middle-income households very hard and threaten the core functions of government.”
“I think all of us here agree that the most important job for Congress right now is to help the economy to create jobs,” Steve Wamhoff of Citizens for Tax Justice added. “Tax cuts are one of the least effective tools to accomplish this goal.”
Deal for All/Fiscal Cliff
As budget committee meets again, progressive lawmakers declare full-throated defense of Social Security, Medicare, and Medicaid while saying 'Jobs, Not Cuts' is more sensible path
"Instead of talking about cuts in Social Security, Medicare, and Medicaid, we must end the absurdity of corporations not paying a nickel in federal income taxes," says Sen. Bernie Sanders (I-Vt.).
Fighting back against the Republican's continued demand that deficit reductions must be achieved by slashing the nation's cherished social programs and the Democrat's eroding defense of them, Vermont's Independent Senator Bernie Sanders says enough is enough.
Jon Queally | Common Dreams 13 Nov 2013 Hits:2169 Budget/Debt Ceiling
Senate Majority Leader Harry Reid (D-Nev.) has no interest in a budget deal that trades sequestration relief for entitlement cuts, believing that future spending reductions scheduled to hit the Pentagon give Democrats the upper hand. Instead, the Nevada Democrat told The Huffington Post on Thursday, any large-scale debt-reduction deal must include increased revenue in exchange for changes to mandatory spending programs.
The government funding and debt limit bill signed Wednesday night sets a Dec. 13 deadline for budget negotiators to report back to Congress. If no deal is struck, Congress will...
Ryan Grimm and Sam Stein | The Huffington Post 17 Oct 2013 Hits:705 Budget/Debt Ceiling
Sixteen days after a federal government shutdown began and one day before the United States would have exhausted its ability to borrow money, Congress approved a bill to reopen the government and raise the debt ceiling until Feb. 7. President Obama has promised to sign the legislation immediately, meaning hundreds of thousands of federal workers could be back at work Thursday.
By a vote of 81 to 18, the Senate sent the 35-page bill to the House of Representatives, where it was approved 285-144 just a little over two hours later....
David Nakamura, Paul Kane and Lori Montgomery | The Washington Post 16 Oct 2013 Hits:494 Budget/Debt Ceiling
Senate leaders on Wednesday announced an agreement to reopen the government and raise the debt ceiling — and lawmakers expressed optimism the deal was headed for quick passage in both chambers.
Senate Republican Leader Mitch McConnell (Ky.) presented the deal to his conference Wednesday morning. Republican senators quickly rallied around the proposal, which would fund government through Jan. 15.
McConnell and Senate Majority Leader Harry Reid (D-Nev.) put the finishing touches on the proposal after an effort by House Republicans to advance a competing resolution collapsed Tuesday.
The bipartisan agreement would also raise...
Alexander Bolton | The Hill 16 Oct 2013 Hits:536 Budget/Debt Ceiling
A week ago, Republican grandstanding in the House of Representatives shutdown the US government. Saying they want to “save the American people from the threat of Obamacare” Tea Party anarchists are risking the health and welfare of millions of Americans, our standing as a world leader, and our financial health as a nation, as they stall budget negotiations. This is beyond unconscionable. It is traitorous.
Bankrolled by the Koch Brothers and a handful of capitalists bent on denying affordable health care to millions of Americans, Republicans in the House of Representatives continue...
Pamela Powers Hannley | Tucson Progressive 07 Oct 2013 Hits:569 Budget/Debt Ceiling
Washington couldn’t have gone dark without a radicalized Republican Party. Or maybe it was destined to all along.
Illustration by Oliver Munday
In a merciful twist of fate, Juan Linz did not quite live to see his prophecy of the demise of American democracy borne out. Linz, the Spanish political scientist who died last week, argued that the presidential system, with its separate elections for legislature and chief executive, was inherently unstable. In a famous 1990 essay, Linz observed, “All such systems are based on dual democratic legitimacy: No democratic principle exists...
Jonathan Chait | New York News & Politics 06 Oct 2013 Hits:463 Budget/Debt Ceiling
WASHINGTON — Shortly after President Obama started his second term, a loose-knit coalition of conservative activists led by former Attorney General Edwin Meese III gathered in the capital to plot strategy. Their push to repeal Mr. Obama’s health care law was going nowhere, and they desperately needed a new plan.
Out of that session, held one morning in a location the members insist on keeping secret, came a little-noticed “blueprint to defunding Obamacare,” signed by Mr. Meese and leaders of more than three dozen conservative groups.
(Photo: "You are here...
Gay Stolbert and Mike McIntire | New York Times 06 Oct 2013 Hits:505 Budget/Debt Ceiling
Speaker John A. Boehner has privately told Republican lawmakers anxious about fallout from the government shutdown that he would not allow a potentially more crippling federal default as the atmosphere on Capitol Hill turned increasingly tense on Thursday.Mr. Boehner’s comments, recounted by multiple lawmakers, that he would use a combination of Republican and Democratic votes to increase the federal debt limit if necessary appeared aimed at reassuring his colleagues — and nervous financial markets — that he did not intend to let the economic crisis spiral further out of control.
Jackie Calmes and Jonathan Weisman | New York Times 04 Oct 2013 Hits:299 Budget/Debt Ceiling
With the government shut down and his back against the wall, Speaker John Boehner (R-OH) is quietly putting out signals that he'll defuse the coming threat of a debt default in the only feasible way: by enlisting Democrats.
According to leaks by anonymous House Republicans to the New York Times, Washington Post and CNN, Boehner has privately told colleagues he won't permit the first ever default on the country's debt and might lift the borrowing limit with Democratic votes if necessary. In other words, he's willing to break the so-called Hastert...
Sahil Kapur | Talking Points Memo 04 Oct 2013 Hits:108 Budget/Debt Ceiling
The Senate took the first step toward circumventing sequestration Thursday night with a bipartisan vote that would put furloughed air traffic controllers back on the job.
The House is expected to take up the measure as early as Friday, and the White House has promised to consider any bill which it receives.
The Senate vote came in response to passengers angered this week by long delays at several major airports. If the Senate bill wins House approval and is signed into law by President Obama, the furloughed controllers are not expected to...
Ashley Halsey III and Lori Montgomery | The Washington Post 26 Apr 2013 Hits:515 Budget/Debt Ceiling
After months of nervous anticipation, federal workers begin the first major round of furloughs this week, even as much uncertainty remains at some agencies about how much time, if any, employees will lose from their jobs because of mandated spending cuts.
About 17,000 employees of the Environmental Protection Agency also face furloughs beginning this week, as do 480 employees of the White House’s Office of Management and Budget.
But the Transportation Security Administration, which had warned that it would need to furlough 50,000 officers from their jobs protecting airline travel, said last...
Washington Post Politics 22 Apr 2013 Hits:553 Budget/Debt Ceiling
President Obama unveiled a 10-year budget blueprint Wednesday that calls for nearly $300 billion in new spending on jobs, public works and expanded pre-school education and nearly $800 billion in new taxes, including an extra 94 cents a pack on cigarettes.
But the president’s spending plan would also cut more than $1 trillion from programs across the federal government — for the first time targeting Social Security benefits — in an effort to persuade congressional Republicans to join him in finishing the job of debt reduction they started two years ago.
“Our economy is...
Lori Montgomery | Washington Post 10 Apr 2013 Hits:596 Budget/Debt Ceiling
President Obama will release a budget next week that proposes significant cuts to Medicare and Social Security and fewer tax hikes than in the past, a conciliatory approach that he hopes will convince Republicans to sign onto a grand bargain that would curb government borrowing and replace deep spending cuts that took effect March 1.
When he unveils the budget on Wednesday, Obama will break with the tradition of providing a sweeping vision of his ideal spending priorities, untethered from political realities. Instead, the document will incorporate the compromise offer Obama...
Zachary A. Goldfarb | The Washington Post 05 Apr 2013 Hits:731 Budget/Debt Ceiling
So, about that fiscal crisis — the one that would, any day now, turn us into Greece. Greece, I tell you: Never mind.
Over the past few weeks, there has been a remarkable change of position among the deficit scolds who have dominated economic policy debate for more than three years. It’s as if someone sent out a memo saying that the Chicken Little act, with its repeated warnings of a U.S. debt crisis that keeps not happening, has outlived its usefulness. Suddenly, the argument has changed: It’s not about the...
Paul Krugman | The New York Times 30 Mar 2013 Hits:1906 Budget/Debt Ceiling
The Federal Aviation Administration said Friday that it would shutter 149 airport control towers early next month, including six in Maryland and Virginia.
The announcement, which affects mostly small airports, follows the mandatory federal spending cuts that went into effect earlier this month.
The closures include the towers at Lynchburg Regional in Virginia and at Martin State outside of Baltimore, and at the airports in Easton, Frederick, Hagerstown and Salisbury, all in Maryland. Until last year, Frederick, like many small airports, did not have a tower.
The Manassas Regional Airport tower, which was...
Lori Aratani | The Washington Post 28 Mar 2013 Hits:649 Budget/Debt Ceiling
The Democrat-controlled Senate approved its first budget blueprint in four years early Saturday, a political milestone that capped months of GOP criticism and set the stage for direct negotiations with the Republican-controlled House.
The Senate blueprint calls for nearly $1 trillion in new taxes over the next decade and only modest reductions in projected government spending. While it would replace sharp, automatic spending cuts known as the sequester, it would do little to alter the nation’s financial outlook, permitting the portion of the national debt held by outside investors to swell...
Lori Montgomery | Washington Post 23 Mar 2013 Hits:658 Budget/Debt Ceiling
'A reminder that we don’t need to cut teachers and school lunches when we can eliminate wasteful giveaways to fossil fuel corporations.'
In the midst of ongoing hysteria about a 'non-existent deficit crisis' in Washington, the Congressional Progressive Caucus on Wednesday unveiled an alternative approach to destructive austerity economics by releasing their 'Back to Work Budget' plan for 2014.
Pushing back specifically on the dominant talking point of inside-the-Beltway elites, the budget challenges the idea that cutting programs, reducing corporate tax rates, and slashing investments is a pathway to economic prosperity. Its...
Jon Queally, staff writer | Common Dreams 15 Mar 2013 Hits:823 Budget/Debt Ceiling
In recent years we have been repeatedly warned that the federal government is on track to accumulate an unsustainable amount of debt over the next several decades. This debt, we’ve been told, will eventually crush our economy unless we drastically cut entitlement programs such as Medicare, Medicaid, and Social Security.
But our long-term fiscal challenges are far less frightening than we have been led to believe. In fact, a huge portion of the Congressional Budget Office’s, or CBO’s, daunting projections of massive debt in 2037 are driven by one key assumption: Starting a decade...
Michael Linden and Sasha Post | Center for American Progress 13 Mar 2013 Hits:1189 Budget/Debt Ceiling
PDA is organized around several core issues. These issues include:
Each team hosts a monthly conference call. Calls feature legislators, staffers and other policy experts. On these calls we determine PDA legislation to support as well as actions and future events.
This is the July 31, 2011 compromise deal on raising the debt ceiling. Congressional leaders have used complex procedural actions to bring this bill to a vote quickly: The compromise legislative language was introduced as an amendment to the original bill, S. 627: Faster FOIA Act of 2011.