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ForImmediateReleaseMonday,November29,2010
Contact:
TheCenturyFoundation:ChristyHicks,212-452-7723Demos:TimRusch,212-389-1407EPI:PhoebeSilag
 
,202-331-5546orKarenConner,202-331-5542
OurFiscalSecurityreleasesplantocreatejobs,makecriticalpublicinvestmentsandreducefederaldeficit
OurFiscalSecurity,acollaborativeeffortofTheCenturyFoundation,DemosandtheEconomicPolicyInstitute(EPI),todayreleased
InvestinginAmerica’sEconomy:ABudgetBlueprintforEconomicRecoveryandFiscalResponsibility 
.This
Blueprint 
isacomprehensive,detailedroadmaptoimmediateinvestmentsinjobcreationwhileaddressingthenation’slong-runfiscalchallenges.The
Blueprint 
takesaverydifferentapproachfromotherprominentproposals,specificallyprioritizingastrongeconomicrecoverybecausewidespreadjobcreationandrobusteconomicgrowthareessentialtosuccessfuldeficitreduction.Theplanwillproducethefollowingshort-andlong-termresults:
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Substantialandsustainedincreasedfundingforjobcreationandinvestments,especiallyinthenearterm;
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Abudgetpaththatsignificantlyimprovesthe10-yearbudgetoutlook;
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Atransitionfromaprimarydeficittoaprimarysurplusin2018,andsustainabledebtlevelsbytheendofthedecade;
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Animprovementinthelong-termpathforpublicdebt,stabilizingdebtasashareoftheeconomybeyond2025;
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AsolidfootingforSocialSecurity,Medicare,andMedicaidforthelongterm;and
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Amodernizedtaxcodethatraisesadequaterevenuefairlyandefficiently.The
Blueprint 
’sbudgetpathboostsfundingfornear-termjobcreation,achieveslowerdeficitsinthemedium-termandbalancestheprimaryfederalbudgetinlessthanadecade.Itdoessowiththerecognitionthatboosting—ratherthancutting—spendingonnationalpriorities,includinginfrastructure,transportation,technologyandeducation,iscriticaltoAmericanprosperity.Unliketheotherplans,the
Blueprint 
providesapathtodomorethancutthedeficit;ithasasitsoverarchinggoalthecreationofastrongermiddleclassandafundamentallymorerobustAmericaneconomy.The
Blueprint 
presentspathsforexpandingandredirectingpublicinvestment,modernizingthetaxcodeandefficientlytappingnewsourcesoffederalrevenue.It
raisesrevenueandmakestargetedfundingcutstoreducethedeficitwhilebudgetingfor$2.5trillionworthofjobcreationpoliciesandinvestmentsinAmericaoverthenextdecade.Majorpolicyproposalsinclude:
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Gettheeconomybackontrackbyinvestinginimmediatejobcreationandastrongeconomicrecovery.
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Createthefoundationforlong-runeconomicgrowthbyincreasinginvestmentinearlychildhoodeducation,qualitychildcare,infrastructure,publictransit,ruralbroadbandconnectivityandresearchanddevelopment.
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Addresstheprimedriveroflong-termdeficitsthroughpoliciesthatwillreducethegrowthofhealthcarecosts.
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