Issue Position: Deficit Reduction

Issue Position

President Bush converted the large budget surplus which President Clinton bequeathed to him into record-breaking deficits because of Bush's huge tax breaks for the rich, two wars, the Medicare Part D prescription drug program and the Wall Street bailout -- all unpaid for. Now, with the Republicans having successfully won more tax breaks for the rich under President Obama and thus massively driving up the national debt, those same Republicans are hell-bent on moving toward "deficit reduction" by slashing many programs desperately needed by working Americans. They are proposing savage cuts to Social Security, Medicare, Medicaid, affordable housing, education and childcare, veterans' needs, infrastructure and environmental protection -- among many other areas. In their eyes, tax breaks for billionaires are good. Affordable housing and educational opportunities for working families are bad.

Source