The Federal Budget Crisis:
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The Federal Budget Crisis: What’s happening? What’s at stake? Who’s winning? Who’s losing? What can we do? www.nationalpriorites.org
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The Federal Budget Crisis:. What’s happening? What’s at stake? Who’s winning? Who’s losing? What can we do?. Federal Budget $3.67 trillion. Massachusetts State Budget. Cities & Towns. You and me. Businesses. What’s happening?. INSANITY. - PowerPoint PPT Presentation
Transcript of The Federal Budget Crisis:
The Federal Budget Crisis:
What’s happening? What’s at stake? Who’s winning? Who’s losing? What can we do?
www.nationalpriorites.org
You and me
Businesses
Federal Budget$3.67 trillion
Massachusetts State Budget Cities & Towns
What’s happening?
Doing the same thing over and over again and
expecting different results
INSANITY
What Happened Oct. 1?• For past 10 years, no budget on
Oct. 1• For past 10 years, only 1 year
with 12 spending bills (2006)• In past 10 years, 3 yrs. funded
entirely by CRs (FY 2007, FY 2011, FY2013)
What’s theBipartisan Budget Act of 2013• Small deal, around the edges• Top-line (mostly) discretionary
numbers• Worth $85bn over 2 budget
years• Partial end of sequestration• No new taxes or loop-hole
closes, mostly fee-based
www.nationalpriorites.org
What’s at stake?
How do we make the $?
What’s at stake?
How do we spend the $?
Who’s Winning?• Pentagon• Tax reform opponents
(A look at off-shoring profits and capital gains)
Who’s Losing?• Long-term unemployed• Food Stamp participants• Federal workers• Domestic programs• Transparency and Democracy
What can we do?• Demand: de-politicized debt
ceiling raise• Demand: transparent and
accountable FY2015 budget process
• Focus on taxes and Pentagon
Jo ComerfordExecutive [email protected]@jcomerfordnpp
www.nationalpriorites.org
Contact
www.nationalpriorities.org
