For Immediate Release
Phone: (202) 775-8810
New Fiscal Security Project Launches Today
Will Respond to Pew-Peterson Budget Commission Recommendations
WASHINGTON - The Century Foundation, Demos and the Economic Policy Institute launch "Our Fiscal Security" today, a partnership that will present a new framework for thinking about the federal budget. The project launches one day before the Pew-Peterson Commission on Budget Reform publishes its recommendations.
Our Fiscal Security promotes a budget path that balances fiscal responsibility with priorities designed to strengthen the American economy. The partners believe that the foundation of that strength-a secure and growing middle class-is being tested by falling incomes, lost wealth, high unemployment and record foreclosures. Rather than making the choices necessary to reestablish a solid economic foundation, some politicians are succumbing to a slash-and-burn approach to the federal budget.
Our Fiscal Security has created a one-stop shop for progressive economic analysis and leadership on fiscal priorities, www.ourfiscalsecurity.org, which features extensive commentary, research and analysis on crucial budget issues, including tax policy, public investment, healthcare spending and economic recovery. Visitors to the website will find three provocative videos that expose the scare tactics used to drive the current discourse about Social Security and our long-term fiscal outlook. They can also sign on to a statement of principles outlining a "responsible path to recovery and prosperity":
- Jobs First
- Invest In America
- Protect Social Security
- Fix The Real Problem: Health Care Costs
- No More Tax Cuts For The Wealthiest
- Reward Work, Not Just Wealth
- Hold Wall Street Accountable
The partnership will develop on-going research and analysis, provide expert commentary and produce reports. In November, the partnership will publish a detailed fiscal blueprint to establish a policy agenda for a sustainable recovery, as well as an animated video that will explain, in lay terms, how the fiscal outlook has deteriorated-and how we can stimulate job growth without cutting essential programs.
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The Economic Policy Institute, a nonprofit Washington D.C. think tank, was created in 1986 to broaden the discussion about economic policy to include the interests of low- and middle-income workers. Today, with global competition expanding, wage inequality rising, and the methods and nature of work changing in fundamental ways, it is as crucial as ever that people who work for a living have a voice in the economic discourse.