- 04 Sep 2011 16:53
#13791863
Don’t Balance the Budget on the Backs of the Needy
There is no question that our nation’s growing deficit must be addressed. To achieve this, we need to pursue a balanced and honest deficit reduction plan that includes both cost savings and additional revenues and avoid budget gimmicks like spending caps and balanced budget amendments.
The idea of enacting a plan to reduce the budget deficit that focuses solely on spending cuts and does nothing to increase revenues would be highly irresponsible. While spending cuts need to be a part of this discussion, so do proposals to eliminate tax breaks for millionaires and billionaires, oil companies, hedge-fund managers and corporate-jet owners.
In addition, any deal on deficit reduction must be done in a way that is fair to working families and that steers the debate away from an assault on the middle class, the poor, students and seniors, and toward shared responsibility for all Americans. This in part means protecting key education programs as well as other programs that benefit and provide a safety net for needy Americans. For example:
• High-quality early education programs are essential to reduce the achievement gap, and they offer a tremendous return on investment.
• Bedrock education programs like Title I, professional development, class-size reduction, and assistance to English language learners and students with disabilities are essential to ensuring that the next generation of Americans is prepared for college and the 21st-century workforce.
• Cuts to the Pell Grant program would reduce the ability of low- and middle-income students to afford college and of working adults to return to school to expand their skills. Cuts to Pell will increase the cost of college for more than 9 million low- and middle-income students.
Finally, I also have grave concerns about any proposals that attempt to destroy the traditional Medicare program and replace it with a private sector plan that would not guarantee the benefits of traditional Medicare and would increase the costs faced by future retirees. I also oppose including Social Security in this deficit package because Social Security is funded by a specific tax, and its revenues should not be used for any other purpose.
Thank you for considering my views. Please tell me where you stand on this important issue.
There is no question that our nation’s growing deficit must be addressed. To achieve this, we need to pursue a balanced and honest deficit reduction plan that includes both cost savings and additional revenues and avoid budget gimmicks like spending caps and balanced budget amendments.
The idea of enacting a plan to reduce the budget deficit that focuses solely on spending cuts and does nothing to increase revenues would be highly irresponsible. While spending cuts need to be a part of this discussion, so do proposals to eliminate tax breaks for millionaires and billionaires, oil companies, hedge-fund managers and corporate-jet owners.
In addition, any deal on deficit reduction must be done in a way that is fair to working families and that steers the debate away from an assault on the middle class, the poor, students and seniors, and toward shared responsibility for all Americans. This in part means protecting key education programs as well as other programs that benefit and provide a safety net for needy Americans. For example:
• High-quality early education programs are essential to reduce the achievement gap, and they offer a tremendous return on investment.
• Bedrock education programs like Title I, professional development, class-size reduction, and assistance to English language learners and students with disabilities are essential to ensuring that the next generation of Americans is prepared for college and the 21st-century workforce.
• Cuts to the Pell Grant program would reduce the ability of low- and middle-income students to afford college and of working adults to return to school to expand their skills. Cuts to Pell will increase the cost of college for more than 9 million low- and middle-income students.
Finally, I also have grave concerns about any proposals that attempt to destroy the traditional Medicare program and replace it with a private sector plan that would not guarantee the benefits of traditional Medicare and would increase the costs faced by future retirees. I also oppose including Social Security in this deficit package because Social Security is funded by a specific tax, and its revenues should not be used for any other purpose.
Thank you for considering my views. Please tell me where you stand on this important issue.
What are we leaving behind?