We have a clear contrast between Paul Ryan's deep austerity and what is needed to create jobs: the Senate Democratic budget will propose $100 Billion in stimulus spending for job creation!
Tomorrow, Senate Democrats will propose a plan to replace the sequester that contains $100 billion in … stimulus spending.
Yep, you read that right. According to a source familiar with the proposal, Democrats will offer a plan tomorrow that does not simply cut the deficit amid mass unemployment. It takes steps to mitigate the damage the cuts are expected to do to the economy by spending to boost job creation and job training.
According to the source, the plan — which is being presented by Senate Budget Committee Chairperson Patty Murray to the Dem caucus today — replaces the whole sequester and includes a total of $1.85 trillion in deficit reduction, derived from a 50-50 split of cuts and revenues derived from closing tax loopholes. The spending cuts include $275 billion in cuts to health care spending (but no Medicare benefits cuts; the source says cuts would be focused on the provider side), another $200 billion in non-defense spending cuts, $240 billion in defense cuts, and $242 billion in reduced interest rates.
It would spend $100 billion to boost the economy through spending on infrastructure repair and job training — all paid for by closing loopholes and cuts to “wasteful spending.” Total in new revenues: $975 billion. (Details are not yet available.)
WaPO, the Plum Line: "Budget war showcases sharp contrast in values and priorities"
Thsi is a clear contrast: Job creation vrs. job destruction. The American people rejected Romney/Ryan in November. It's time to send the message again because the Republicans refuse to hear it.