| he United States government's total debt is nearly ;With the election of President Reagan, a conservative revolution swept into Congress ushering in conservative budgetary policies of tax cuts and reduced domestic, nondefense spending. Throughout this time, record deficits continued grow due. Congress has legislated various remedies to the institutionalization of federal budget deficits that have offered minimal control of the soaring shortfalls. Each deficit reduction attempt was done through discretionary, nondefense cuts and tax increases. Progressive ideals were immediately discarded.;A deficit reduction plan can lay the foundation for America's future by incorporating progressive policy options. Laying a Foundation for America's Future: Progressive Deficit Reduction Proposals explores the federal budget process as detailed in the Congressional Budget and Impoundment Act of 1974, details how the nation acquired the record-setting pace of annual budget deficits, identifies what progressive ideals will lay a foundation for America's future, and ultimately demonstrates that deficit reduction can be done by selecting deficit reduction proposals that adhere to those progressive ideals.;The progressive deficit reduction proposal reduces the deficit by... |
