December 18, 2014

CONCORD HAILS "BLUE DOG" BUDGET AS A CREDIBLE PLAN FOR REACHING BALANCE BY 2002

WASHINGTON -- The Concord Coalition today hailed the "Blue Dog" budget proposal as having all the earmarks of a credible and sustainable balanced budget plan.

"At first glance, the Blue Dog plan appears to set the high standard by which other Congressional plans to balance the budget should be judged," said Concord Executive Director Martha Phillips. "I hope budget strategists in both parties will see its obvious merits and head in this direction."

Phillips said that, unlike previous plans introduced by the president and Congressional Republicans, the Blue Dog Plan contains no tax cuts, puts all government programs "on the table," contains a smooth, steady deficit reduction path, and sets out responsible entitlement program policies. Among those policies is a plan to balance the budget by 2005 without counting the Social Security trust funds.

A more comprehensive analysis of the Blue Dog plan, using Concord's "10 Criteria for a credible balanced budget," will be available next week.