The Congressional Black Caucus has a long history of submitting fiscally responsible budget alternatives regardless of who may be sitting in the White House or which party holds the majority in Congress. This year's budget alternative continues this long tradition by putting forth a plan that significantly reduces our deficit over the next decade while increasing economic opportunities and promoting job creation in every corner of our society. Unlike the Republican budget, the CBC budget brings the deficit to 1.4 percent of GDP by 2015, better than so-called primary balance, which was the goal of the President's fiscal commission, and achieves primary balance even earlier than the commission, itself. While I commend the Republican chairman of the Budget Committee for proposing a budget that reduces our long-term debt, he only achieves this by shifting medical costs to lower-income Americans and seniors. The CBC budget is much more responsible. Our budget makes tough choices. But unlike the Republican budget, it doesn't jeopardize Social Security, undermine Medicaid by turning it into a block grant, or shift Medicare costs to seniors by creating a voucher program that doesn't keep pace with medical inflation. Our budget protects these vital programs, and compared to the Republican budget, it has $1.3 trillion more in deficit reduction over the next decade.…
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