Tuesday, April 26, 2011

More on (im)Moral Budgeting

We have a budget debate going in the federal government and in state governments throughout the nation, and the decisions made have serious moral implications.

Republican rep. Paul Ryan has proposed a plan that would significantly cut social programs that millions of American families depend on while also lower taxes for the wealthy. The Obama administrations counter-proposal, however, still calls for only $1 in revenue increases for every $3 in spending decreases. So, even the "moderate" proposal at this point expects the lower and middle class to bear the burdens of deficit reduction.

In order to determine if this is a moral approach, everyone who reads this post should take a look at this interactive graph. The sliders allow you to look at which income groups have gained and lost over the last 100 years of economic growth. Take a look at how things have played out from 1988-2008 and from 1998-2008, and then consider the federal proposals for balancing the budget.

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