For Immediate Release: Thursday, July 28, 2011
Contact: Phoebe Silag or Karen Conner, firstname.lastname@example.org 202-775-8810
Speaker John Boehner’s budget proposal would cut public investments as a share of the economy by almost 45%, the lowest level in over 50 years, a new EPI Policy Memo finds. In How to lose the future in one easy step, EPI Senior Policy Analyst Ethan Pollack analyzes Boehner’s proposal to raise the debt ceiling in exchange for massive spending cuts. He finds that the plan, which would cut $889 billion from the federal budget over the next ten years, would slash the non-defense discretionary budget, which houses 95% of all non-defense public investments.