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« McConnell: Specter’s Decision Purely Political | Main | Feingold: The Voice Of Americans Must Be Heard »
Tuesday
Apr282009

The Budget: A "Transformative Package"

by Christina Lovato, University of New Mexico-Talk Radio News Service

This afternoon, on the eve of President Obama’s 100th day in office, progressive leaders addressed the budget and how it will improve health care, clean energy and education.

The campaign to Rebuild and Renew America Now!, a coalition of 116 national and over 700 state and local progressive, labor and advocacy organizations working together to pass the President’s budget held a press conference this afternoon and said they are confident that Congress will do what is best for the American people, and that is to pass it.

Alan Charney, the Program Director for US Action said that the budget is “transformative.”

“This blueprint totally reverses the failed economic policies of the past and sets us on a road to long term recovery,” said Charney

Tom McMahon, the Acting Executive Director of Americans United for Change criticized the Conservatives and blamed them for leading our nation into one of the most deepest recession in decades.

“Their best and in fact, only prescription for this ailing economy is more and more tax breaks for big corporations that have outsourced American jobs and more tax breaks for multi-millionaires that never manage to trickle down to anyone else and more short change investments in things that will actually grow the economy, like health care and education,” said McMahon.

The coalition members said that a clean energy legislation, health care reform and education are the most pressing issues that they hope the budget will improve.

“Congress now has the choice to stand up for our students and vote for a budget that works or they can continue to play into the pockets of the student lenders,” said Carmen Berkley, the President of the United States Student Association (USSA) and the United States Student Association Foundation (USSAF).

Berkley said that student lenders are ruining credit and dreams of students who are wanting to go to college.

Berkley also said that by eliminating programs that don’t work, like the family federal education loan program, it will put $94 billion more into the Pell grant program for students.

“We know that Congress will make an investment in students this week that works for students and their families,” said Berkley.

Reader Comments (1)

Is it true that the President's proposal does not offer any interest rate cuts for borrowers, even though the proposal would generate $94 billion in savings?

I don't understand. In 2006 Luke Swarthout of US PIRG criticized the Bush Administration for cutting lender susbidies by $12 bilion and not using any of it to reduce interest rates. He said Bush wnated to use borrowers as "revenue raisers."

What gives?

April 28, 2009 | Unregistered CommenterAlex Hamilton

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