Support the Progressive Caucus Alternative Budget
The Peace and Security Budget has a non-defense,
domestic discretionary spending number of just over $483 billion for FY08. This is roughly $81 billion over President
Bush’s FY08 Budget submitted to Congress last month. Leading social justice and
economic fairness groups like the Coalition on Human Needs and the Emergency
Campaign for America’s
Priorities have been advocating for at least $450 billion.
The Peace and Security Budget balances by FY 2010, two years ahead of the budget approved by the House
Budget Committee and backed by the House Democratic Leadership. The President’s
Budget comes close in FY 2012, but doesn’t
reach surplus in the next ten years.
The Peace and Security Budget spends $395 billion
on defense, which is $86.4 billion under both the President and the FY08 Budget
Resolution as reported from the House Budget Committee, while not compromising
our national security. Our Budget still
spends more on the military than China,
Russia, UK, France,
Japan, Germany, and Saudi Arabia combined.
Provides for fully funded withdrawal of troops
in six months.
Cuts at least $60 billion/year from D0D on
largely obsolete Cold War weapons systems plus
tens of billions more in waste, fraud, and abuse as identified by GAO.
Repeals Bush tax cuts for the top 1% of
Eliminates corporate tax loopholes.
Shifts spending and increases other non-military
spending to enhance homeland security and fight the root causes of terrorism.
Funds research, development, and
commercialization of clean, renewable energy.
Fully funds Title one of NCLB and lives up to
federal government commitment for IDEA.
Fully funds SCHIP program to ensure that every
American child eligible is covered for basic health insurance.
Guarantees Health Care for all Veterans.
Increases funding for Community Development
Block Grants, Section 8 housing, and food stamps.
Benchmarks and Top Twelve Highlights
for FY08-17 Progressive Caucus Alternative Budget
(working from CBO baseline and
10-year budget timeline)
$483 billion for domestic, non-military discretionary spending; and
Provides $395 billion as sufficient defense
spending level beneath President Bush’s request or cut of $86 billion below the
Bush request which is an 11% increase over last year
– projects complete U.S.
military redeployment out of Iraq
during 2007– savings of at least $187 billion in the next two years;
- Target waste, fraud, and abuse,
starting with Pentagon savings – projects enactment of the Common
Sense Budget Act, which would save at least $60 billion/year on largely
obsolete Cold War weapons systems plus
billions more is waste, fraud, and abuse in DOD spending identified by
the nonpartisan Government Accounting Office (GAO)- savings of at least $600
billion over ten years;
- Repeal of Bush tax cuts for the top 1%
of taxpayers -- due to expire in 2010 regardless and
beyond – savings of at least $348 billion;
- Crackdown on corporate welfare –
projects elimination of various corporate tax loopholes such as
deductibility of advertising for imaging purposes and special tax breaks
for oil and gas industry and other extraction industries ;
- SMART Security Alternative to
Preemption Doctrine – shifts some spending and increases other
non-military spending to fight root causes of terrorism – 21st
century diplomacy, meeting basic human needs (e.g. HIV/AIDS/TB, universal
basic education for all);
- Global Warming and Energy Independence– funding for immediate, cost-effective steps to
redress global warming and the rapid acceleration of renewable energy
- Education for All – fully fund
NCLB and IDEA and improve Teacher Corps and job training;
- Medicare for All – affordable,
accessible, quality health care for all Americans
- Guaranteed Veterans’ Health Care –
ensure whatever federal funding is needed to provide health care
(including mental health care) for All America’s veterans (including but
not limited to veterans of the Iraq
- Fair Shake for Middle-Class – increase
funding to protect fundamental worker rights, enforce fair credit and
lending practices, and promote livable wages and safe workplaces;
- Renew the Social Contract and 21st
Century Safety Net – substantially increase funding for decent
affordable housing, anti-hunger programs, and more quality child care; and
- Rebuild America’s Communities –
substantially increase funding for Community Development Block Grants,
community policing, and priority clean-up of leaking underground storage
tanks that threaten the drinking water of nearly half of all Americans – a
down payment on the implementation of other urgently needed environmental