A Budget Built on Common Sense

A decade after coming to power on the promise that they, and they alone, could put us back on the path to fiscal righteousness, Republicans have run the nation's finances into the ground.

With Congress' blessing, President Bush has turned out to be a shameless profligate, throwing fiscal caution to the wind and splattering the nation with red ink. His policies have turned a projected $5.6 trillion surplus (over 10 years) into a projected deficit of $3.3 trillion. That's a staggering $8.9 trillion fiscal reversal. With every second -- every single tick of the clock -- that this administration is in office, it is responsible for adding roughly $680 to the federal deficit. An American child born today will inherit a promissory note -- which might as well be a tax increase -- of more than $27,000.

And yet, for all of President Bush's drunken-sailor spending, precious little of it has been invested in empowering people who desperately need a hand-up from their government to rebuild their lives. Instead, the president has fattened up the Pentagon, ladled out tax breaks for wealthy individuals and pried open the treasury for the oil, insurance and pharmaceutical industries.

It's time to rearrange our federal budget priorities, which have become completely distorted on the Republicans' watch. It's nothing short of scandalous that a nation spending trillions of dollars a year would tolerate a threadbare social safety net. Take it from a former welfare mother like me -- programs like Medicaid and school nutrition are a lifesaving last resort for millions of American families.

It's time to question the hallowed, untouchable status of some of our bigger budget items. For example, it's been an open secret for years that the Pentagon is rife with waste -- remember the $600 toilet seats of 1980s lore? Fifteen years after the fall of the Berlin Wall, the sclerotic Pentagon bureaucracy is still fighting the Cold War, still procuring weapons systems that have nothing to do with the security threats we face today.

So today, I'm joining my fellow Congressional Progressive Caucus co-chair Barbara Lee in introducing the Common Sense Budget Act (CSBA), which would divert $60 billion of unnecessary Pentagon spending to underfunded domestic priorities. Among the cuts: $7 billion from the National Missile Defense Program and $13 billion to reduce the American nuclear arsenal to 1,000 warheads.

These obsolete Pentagon expenditures have been identified by a team of military experts led by defense scholar Lawrence Korb, whose knows a thing or two about what and how the Pentagon spends -- he was President Reagan's assistant secretary of defense for Manpower, Installation and Logistics.

The $60 billion would be reallocated as follows:

• Children's Health Care: $10 billion annually to provide health care coverage for the millions of uninsured American children.
• School Reconstruction: $10 billion over 12 years to rebuild and modernize every public K-12 school in the country.
• Job Training: $5 billion per year to retrain 250,000 Americans who have lost their jobs because of foreign trade.
• Energy Independence: $10 billion each year to kick the imported oil habit by investing in efficient, renewable energy sources.
• Homeland Security: $5 billion a year to make up for funding shortfalls in emergency preparedness, infrastructure upgrades and grants for first responders.
• Medical Research: $2 billion a year to restore recent cuts to the National Institutes of Health budget.
• Global Hunger: $13 billion a year in humanitarian assistance that allows poor nations to feed 6 million children who are at risk of dying from starvation every year.
• Deficit Reduction: $5 billion devoted to putting a dent, however small, in the $8.2 trillion national debt.