Bread for the World's National Gathering 2011 Budget Presenation

437 views

Published on

Bread for the World's National Gathering 2011 presentation: The Federal Budget: Why it Matters to Hungry and Poor People

Published in: News & Politics, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
437
On SlideShare
0
From Embeds
0
Number of Embeds
36
Actions
Shares
0
Downloads
3
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide
  • There is no single “budget bill”
  • Bread for the World's National Gathering 2011 Budget Presenation

    1. 1. 2011 National Gathering<br />The Federal Budget: Why it Matters to Hungry and Poor People<br />
    2. 2. A Brief Overview<br />
    3. 3. The Budget Timeline: How does the federal budget process work?<br />President’s Budget Request<br />Congressional Budget Resolution<br />Appropriations<br />Debt Ceiling<br />Other Budget Bills (deficit reduction, entitlement programs, taxes, balanced budget amendment)<br />
    4. 4. Budget Basics: Where do our federal tax dollars go?<br />Programs for low-income families are a fraction of government spending.<br />They have played virtually no role in creating our deficits.<br />1/3 of non-security discretionary spending goes to state and local governments.<br />
    5. 5. Budget Myths and Realities:<br /><ul><li>Myth: Our deficits don’t matter.
    6. 6. Reality: The long-term fiscal outlook is of serious concern.
    7. 7. Myth:Our current deficits are so out of control that we must address them immediately with painful spending cuts.
    8. 8. Reality:Our immediate focus must be on strengthening the economy and creating jobs. </li></li></ul><li>Budget Myths and Realities:<br />Myth: Government spending is out of control.<br />Reality: The 2001 and 2003 tax cuts, the wars in Afghanistan and Iraq, and the recession itself are why we see high deficits today.<br />
    9. 9. Budget Myths and Realities:<br />Myth: Government spending is out of control. <br />Reality: The real threat is the long-term structural imbalance between spending and revenues. <br />Rising health care costs<br />Aging population<br />Insufficient revenues <br />Center on Budget and Policy Priorities<br />
    10. 10. Reducing Deficits and Poverty:We Don’t Need to Choose<br />We need to address deficits.<br />Ending poverty and hunger requires government action.<br />Anti-poverty programs have had a powerful impact.<br />
    11. 11. Cap on Overall Federal Spending<br />Limits all federal spending (share of the economy)<br />Keeps programs from growing<br />Entitlement programs structured to grow when there’s more need<br />
    12. 12. Balanced Budget Amendment<br /><ul><li>Requires the government to balance the budget every year.
    13. 13. Government can’t run deficits during recessions.
    14. 14. Supermajority requirement to waive.
    15. 15. Most states have BBAs
    16. 16. Would force harmful cuts in low-income programs—especially during recessions</li></li></ul><li>Triggers<br /><ul><li> Sets a debt target
    17. 17. Automatic across-the-board cuts and/or tax increases if targets missed
    18. 18. Intended to force compromise in Congress</li></li></ul><li>Circle of Protection<br />Create a circle of protection around programs for hungry and poor people in the United States and abroad.<br />Historical precedent over the past 30 years.<br />
    19. 19. www.bread.org<br />

    ×