[Oe List ...] Federal Budget

[Len Hockley]

Hi,
Here's a great take on the budget.  Looks like Presidential material to 
me (After Obama, of course).

Len

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> Rep Jan Schakowsky did a PBS Newshour interview last night that 
> includes HER plan to reduce the deficit.
>
> By 2015 she wants to reduce deficit by 441 billion.  She is a true 
> progressive, and wants to do this by
> 132 billion reduction in tax breaks to corporations
> 110 billion reduction in defense spending
> 151 billion raised taxes partly by taxing capital gains more realistically
>
> She also wants to cut medical care spending in general by putting the 
> public option back on the table.
>
> She is a member of the President's Bipartisan Commission on deficit 
> reduction, but wanted to put out her own plan instead of backing the 
> plan being put forward by chairs Simpson and Bowles.  You can listen 
> to this compassionate Illinois Democrat:
>
> http://www.pbs.org/newshour/bb/business/july-dec10/schakowsky_11-22.html
>
> OR read the news release about her plan - she states that "the middle 
> and lower class did not cause the deficit" and we can't take money to 
> fix the problem from people who only earn $18K per year (that's the 
> average annual earning of seniors).
>
> http://schakowsky.house.gov/index.php?option=com_content&view=article&id=2777:schakowsky-alternative-to-simpson-bowles-deficit-reduction-plan&catid=21:2010-press-releases&Itemid=58 
> <http://schakowsky.house.gov/index.php?option=com_content&view=article&id=2777:schakowsky-alternative-to-simpson-bowles-deficit-reduction-plan&catid=21:2010-press-releases&Itemid=58>
>
> YES - there is someone (in addition to Peter DeFazio) out there who 
> understands that there is no problem with SS until 2037. Someone who 
> wants to cut the income of wealthy corporations and millionaires.  
> This is a wonderful woman.  I called her Washington office to say 
> thank you.
>
> Love,
> P
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