Progressive Democrats Release ‘The People’s Budget’
Jeffrey Sachs describes the People’s Budget:
Like Ryan’s plan, the People’s Budget would cut the budget deficit to zero by 2021, but would do so in an efficient and fair way. It would close the budget deficit by raising tax rates on the rich and giant corporations, while also curbing military spending and wrestling health care costs under control, partly by introducing a public option. By raising tax revenues to 22.3 percent of GDP by 2021, the People’s Budget closes the budget deficit while protecting the poor and promoting needed investments in education, health care, roads, power, energy, and the environment in order to raise America’s long-term competitiveness. The People’s Budget thereby achieves what Ryan and Obama do not: the combination of fairness, efficiency, and budget balance.
I’m going to pick on Andrew Sullivan again because I think he’s wrong about this whole Paul Ryan budget nonsense and I think he can do better. So here he is talking about the budget just released by progressives in
Quote for the Day
This one goes to IOZ:
Nobel Paul Krugman, emeritus recipient of the Absolut n Tonic Oslo Prize for Comparative Mixology, has called the recent Republican budget plans voodoo economics, whereas David Brooks is standing at the mineshaft door with a spirit of bold curiosity for the adventure ahead. As I was saying, ahem. I would like to do away with the term voodoo economics, firstly. It has the reek of the black-frocked missionary sniffing down his nose at the primitives animism without ever wondering if his own wine-and-a-cracker deity might not be just as phony as the numinous spirits of the riverbeds and pine forests. But despite Kruggo’s high histrionics–cruel! mean-spirited! heartless!–I give him moderate credit for restraint. Brooks, on the other hand, is ready to sail off to