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Post by kjlowry on Aug 3, 2012 13:02:11 GMT -5
I have investigated the "People's Budget" from the Congressional progressive caucus. I also looked at the White House Blog on Fiscal Responsibility. Can anyone suggest a one or two sentence statement that might reflect the way our delegation might feel about "Fiscal Responsibility"? The Style committee is trying to make sure that all topics that were voted into the document are included, BUT there was no information or opinion turned in about the topic "Fiscal Responsibility". What would be our priorities in this matter? We might just include a statement in the section on taxation and the economy, but could use some input? Thanks, KJ
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Post by davidindc on Aug 3, 2012 22:38:10 GMT -5
Q: "Can anyone suggest a one or two sentence statement that might reflect the way our delegation might feel about "Fiscal Responsibility"?
A: I doubt it. I'm not sure our delegation, as a whole, had any coherent feelings. Things were pretty scattershot when it came to specifics.
At least one of us felt the answer to the "fiscal responsibility" problem hinged on defeating the financial power of "The Jews".
As a Red Sea Pedestrian myself, I reacted with revulsion at this bigoted canard.
Others seemed to think the heart of fiscal responsibility could be found in the slogan "End the Fed". Since the Congress concluded, this seems to have morphed into "Kill the Dragon".
Again, I recoil in horror at this simplistic, and wrong-headed, approach.
Here's a shot at a more moderate approach. I hope it might command a strong majority of our delegation, but who knows?
Fiscal responsibility:
For too long, the various actors in our national economy have put the interests of the few ahead of the interests of the many. The percentage of Americans living in poverty increases, the gap in incomes between the rich and poor widens, inflation erodes the value of savings, unemployment ravages families, and corporations fuel a "race to the bottom" by outsourcing jobs and expatriating profits.
Therefore, the People demand that all of the power and influence of the legislative and executive braches of government, including but not limited to such institutions as
The Federal Reserve System, The President's Council of Economic Advisors, The Congressional Budget Office, The House Ways and Means Committee, The Senate Finance Committee, The Congressional Joint Economic Committee, The U.S. Department of the Treasury, The Office of Management and Budget, The Internal Revenue Service, The Department of Commerce, The Department of Labor, and The Office of the U.S. Trade Representative
adopt a single, unified, systematic program of reforms aimed at achieving, over time:
Elimination of the public debt of the United States, Reduction of routine deficit spending by the federal government, Better balance in economic policy between controlling inflation and reducing unemployment. Replacement of the current tax code with one that is simpler at the lowest income levels, and substantially more progressive at the higher income levels, Penalties for the outsourcing of jobs and the expatriation of profits, Incentives for job creation within the United States and reinvestment of profits in America's economy, Adoption of an industrial policy to make America more competitive in world markets, and Adoption of an energy policy to encourage development of alternative, cleaner energy sources and to wean our economy from dependence on foreign and domestic sources of fossil fuels.
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Post by kelley805 on Aug 9, 2012 2:52:42 GMT -5
All
The CC 2.0 during the joint sessions did not discuss fiscal responsibility.
The obvious solution is to have a Balanced Budget. But some people have a problem with it in its purest form. I am one of those. It should say a Balanced Budget is required except in times of war or recession plus a period of 4 years later.
David's proposed solution is good but lengthy and as KJ pointed out is for the most part already included in the ROG.
Have a great day! Mike
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Post by kjlowry on Aug 9, 2012 11:54:52 GMT -5
We finally came up with something fairly non-controversial that covered this pretty well. I don't know if this is the exact version that will come back from the SC, but here is about what we came up with to be added into the grievances based on the economy:
Whereas, our government’s lack of fiscal responsibility has produced a national debt close to $16 trillion;
Whereas, the Congressional Budget Office projects a deficit drop under the current plan that is insufficient to bring down this debt;
Whereas, the trade deficit of the United States is over $800 Billion and this disparity in trade significantly weakens the overall national economy;
7. The legislative and executive branches must effectively address the trade deficit so that our businesses prosper, more jobs are created, and therefore more revenue produced that can be taxed and used to pay down the national debt so that our descendants will not have to carry that burden. 8. Legislation to re-instate the Glass-Steagall Act and provide for strict enforcement of the Sherman Anti-Trust Act in order to prevent the practices that led to the financial catastrophe of 2008 and the great recession that followed. 9. The legislative and executive branches of the federal government must swiftly move to significantly reduce the national debt through a balanced approach of increasing revenue and reductions in spending. Spending reductions should be achieved through cutting waste and redundancy as well as budgetary reductions in military and defense.
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Post by tonydestefanis on Aug 10, 2012 8:23:36 GMT -5
Wasnt' the grievance on fiscal responsibility put to a vote and rejected? If so how does it survive and make it to the final draft?
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Post by kjlowry on Aug 10, 2012 13:15:00 GMT -5
I don't believe it was even worked on by a committee, but it was voted on in the first round of voting as a topic to be assigned to a committee. That vote was the one where if a topic got 50%+ then it was supposed to be represented in the document. That is why we wrote something for it and included it in Section IV with other economy concerns. It was treated the same way that topics like education and employment were treated because the CC 2.0 voted them into the document, but didn't approve any wording from the committees for them. I hope that helps?
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