CAP en Español
Small CAP Banner

Idea of the Day: The Murray Budget Is a Healthy Economic Alternative to the Ryan Budget

    PRINT:
  • print icon
  • SHARE:
  • Facebook icon
  • Twitter icon
  • Share on Google+
  • Email icon
idea light bulb

If you wanted to design a budget plan that would help accelerate the economic recovery, promote job creation, lay the foundations for future growth, and set federal finances on a sustainable course for the foreseeable future, what would it look like? First and foremost, you’d probably want to make sure not to do anything that would actually hamper the economy—or in medical parlance: First, do no harm. So that should rule out immediate massive cuts. Second, you’d want to protect—and probably even enhance—critical investments in things such as infrastructure, science, and education. Third, you’d want to pursue modest, responsible changes in future fiscal policies so that the national debt doesn’t rise faster than economic growth. And you’d certainly want to accomplish the latter without unduly burdening the middle class—and without making it harder for people in poverty to reach the middle class.

In other words, if you wanted to design a pro-growth budget, it would look absolutely nothing like the budget that was released earlier this week by Rep. Paul Ryan (R-WI). It might, however, look much more akin to the one released yesterday by Sen. Patty Murray (D-WA).

For more on this topic, please see:

To speak with our experts on this topic, please contact:

Print: Allison Preiss (economy, education, poverty)
202.478.6331 or apreiss@americanprogress.org

Print: Tom Caiazza (foreign policy, health care, energy and environment, LGBT issues, gun-violence prevention)
202.481.7141 or tcaiazza@americanprogress.org

Print: Chelsea Kiene (women's issues, Legal Progress, Half in Ten Education Fund)
202.478.5328 or ckiene@americanprogress.org

Spanish-language and ethnic media: Tanya Arditi
202.741.6258 or tarditi@americanprogress.org

TV: Rachel Rosen
202.483.2675 or rrosen@americanprogress.org

Radio: Chelsea Kiene
202.478.5328 or ckiene@americanprogress.org

 

This is part of a regular column: Idea of the Day

For more from the same column, click here