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Budget Cut Proposal: Fund No More Catfood Commissions

By davidswanson - Posted on 01 December 2010

The Catfood Commission has produced its proposal (PDF) for making a bad situation worse. The proposal would cut a bit out of the bloated military, but match it dollar for dollar with cuts to useful programs and services. Then it would allow the military to get every dollar back and more through war spending, with meaningless caps set on that by the president, and through a separate category for especially illegal wars or "Overseas Contingency Operations." The proposal would also cut taxes, especially on corporations -- even while vaguely gesturing about tax progressivity. It would go after healthcare, social security, student loans. It would not invest in jobs or green energy or education or infrastructure. It would not tax corporations, investors, inheritance, or accumulated billions. It would not strengthen Social Security by requiring those with large incomes to pay at the same rate as those with smaller ones. The best proposal here is the clear demand that we never waste another dollar on a commission like this one.

A Response:

HOSTED BY: The American Prospect, Demos, the Economic Policy Institute, The Century Foundation, the Center for Economic and Policy Research, and the Roosevelt Institute
WHO: Nobel Laureate Joseph Stiglitz, Dean Baker, Nancy Altman, John Irons, and Robert Kuttner
WHEN: Wednesday, December 1, 2010, 1:00 p.m. – 3:00 p.m.
WHERE: National Press Club, Holeman Lounge, 529 14th St. NW, Washington, DC

prosperitynotausterity on Broadcast Live Free

fiscal-comm-final-report.pdf1.4 MB

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