Labor & Employment Law

?Our Fiscal Security? Offers Solutions, Not Slogans to Revive Economy

By Mike Hall

A project launched last week, Our Fiscal Security, offers a new framework for thinking about the federal budget that balances fiscal responsibility with priorities designed to strengthen the American economy.

The project, a partnership of the Century Foundation, Demos and the Economic Policy Institute (EPI), points out that while a growing middle class is the foundation of any growing and healthy economy, the U.S. middle class is being tested by

falling incomes, lost wealth, high unemployment and record foreclosures. Rather than making the choices necessary to reestablish a solid economic foundation, some politicians are succumbing to a slash-and-burn approach to the federal budget.

Instead, according to the group?s statement of principles (to which you can add your signature here) the responsible path to economic recovery, includes:

• Jobs First
• Invest In America
• Protect Social Security
• Fix The Real Problem: Health Care Costs
• No More Tax Cuts For The Wealthiest
• Reward Work, Not Just Wealth
• Hold Wall Street Accountable

In November, Our Fiscal Security will publish a detailed fiscal blueprint to establish a policy agenda for a sustainable recovery, as well as an animated video that will clearly explain how the fiscal outlook has deteriorated–and how we can stimulate job growth without cutting essential programs.

Our Fiscal Security has also created a one-stop shop for progressive economic analysis and leadership on fiscal priorities, which features extensive commentary, research and analysis on crucial budget issues, including tax policy, public investment, healthcare spending and economic recovery.

Be sure to take a look at the three videos (click here) that expose the scare tactics used to drive the current discourse about Social Security and the nation’s long-term fiscal outlook.

Full post as published by AFL-CIO NOW BLOG on November 01, 2010 (boomark / email).