TPM: Schakowsky Unveils Progressive Deficit Reduction Plan

[mod mom]

Schakowsky Unveils Progressive Deficit Reduction Plan

A member of the White House's fiscal commission has released her own progressive plan for deficit reduction, after the commission's chairmen unveiled recommendations she vehemently opposes.

"Their proposal would have serious consequences for lower and middle class Americans, and that is why I cannot support it," says Rep. Jan Schakowsky (D-IL) in a statement. "I am releasing my own plan today because I believe that there is a better way to achieve our goal - one that protects the poor and the middle-class."

Her plan, which she claims would achieve fiscal balance by 2015, includes a host of ideas that were not included in the report released last week by Alan Simpson and Erskine Bowles. It makes provision for another $200 billion worth of stimulus to take the form of unemployment insurance extensions and additional aid to states.

On spending, the Schakowski plan calls for $8.55 billion in non-defense discretionary spending cuts in 2015, largely by ending overpayments by federal agencies for various programs, including Medicaid. She says her plan would save over $110 billion on the defense side, by reducing overseas troop deployments, and shrinking the nuclear arsenal, among numerous other options.

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http://tpmdc.talkingpointsmemo.com/2010/11/schakowsky-unveils-progressive-deficit-reduction-plan.php

Deficit reduction with a heart!

[mod mom]

1. I am going to bookmark this:

http://www.talkingpointsmemo.com/documents/2010/11/schakowsky-deficit-reduction-plan.php?page=1