FY 2013 Democratic Alternative Budget
The FY 2013 Democratic Alternative Budget is a long-term economic blueprint that strikes the right balance between reducing our deficit and making strategic investments in our country’s economic future. It cuts the deficit by more than half in three years, stabilizes the national debt, and reduces the deficit by $3.3 trillion in 10 years. The Democratic budget gets our fiscal house in order by making strategic spending cuts and increasing revenue to ensure we can meet our obligations, grow our middle class, and strengthen our economy for generations to come.
The Democratic alternative, like President Obama’s budget proposal, makes smart investments to grow our economy and strengthen our economic competitiveness. This includes investments in education to ensure a skilled workforce; in infrastructure to build and improve roads, bridges, highways, and rail; and in basic research, new technology, and innovation – the essentials of a growth economy in the 21st century.
In addition, the Democratic budget keeps the promise we made to America’s seniors four decades ago. We can modernize and strengthen Medicare and Medicaid, but those reforms must start and end with a commitment to guaranteed benefits. The Democratic budget proposal focuses on controlling the rate of growth in health care costs by improving quality, coordination, and efficiency.