Welcome to Our Fiscal Security!
Our Fiscal Security is a collaborative effort of Demos, the Economic Policy Institute, and The Century Foundation. Our institutions are dedicated to promoting an economic path that achieves fiscal responsibility without undermining our national strength. Today, the foundation of that strength—a secure and growing middle class—is being tested by falling incomes, lost wealth, high unemployment and record foreclosures. Yet instead of rebuilding the public structures that could fortify our economy, our elected leaders are facing misguided pressure to reduce the federal budget deficit.
We believe the first priority for our nation is to secure the fundamentals of the economy:
Strong growth and good jobs.
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We also believe:
In order to reduce our long-term national debt we must refuel the engine of our economy: the middle class.
We strongly oppose the idea that America’s fiscal challenges should be solved by cutting longstanding social insurance programs that have brought security and prosperity to millions of Americans.
Putting our nation on a path of broad prosperity will require generating new jobs, investing in key areas, modernizing and restoring our revenue base and lowering the costs of our health care system. Achieving these goals, however, will require an informed and engaged public to help set our national priorities.
We hope you’ll join us.
Our Statement of Principles
The debates about the federal budget are about more than deficits and debt–they are about the future of our country and the opportunities we create for all Americans. Today, while Americans are struggling to find good jobs and keep their homes, there is unequivocally more that our government can do to strengthen the economy and make families more financially secure. Despite the rhetoric, virtually all economists–conservative and progressive–agree: additional action is needed to generate a robust recovery, even if those steps will increase short-term deficits. Our leaders should not continue to allow deficit fears to imperil our economic recovery.