What would be the effect if the tax increases and spending cuts occurred all at once?

A:

It’s unlikely that we’ll go over the “fiscal cliff” without any changes in the mandated tax increases and spending cuts. But if we did, there would be a drop in the budget deficit by $500 billion in 2013 and a corresponding damage to the economy due to this large drop in effective demand. A great deal depends on which programs sustain cuts, how soon these cuts take place and whether or not higher tax rates are imposed on the rich and corporations, but not the working class. Though critical anti-poverty programs are slated for massive cuts if there is no solution, the executive branch could delay the effects of the cuts and tax increases on working people until March 1 or so. Thus, the Obama administration should bargain tough and not rush into a bad bargain. The administration has leverage, as the Right doesn’t want to take blame for tax increases on the middle class and they desperately want to preserve defense spending. 

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Left Political Strategy discussion with the Left Inside/Outside Project

May 23, 2018

The DSA National Electoral Committee has joined the Left Inside/Outside Project and will be participating in a call to discuss left political strategy. Here is the invitation for those interested in participating:

The Left Inside/Outside Project invites you to a cross-organizational discussion of left political strategy. This video conference will feature speakers from different organizations in the Left Inside/Outside Project providing their perspective on the key questions facing leftists that are trying to build electoral power alongside social movements, all while navigating the complicated terrain of Democratic party politics. We will also have small group discussions and describe opportunities for collaboration across organizational lines. 

Date/Time: May 23rd, at 8pm ET/7pm CT/6pm MT/5p PST

Register at bit.ly/leftunity1

New Member Call, May 27

May 27, 2018

May 27, 2018

9pm ET/8 CT/7 MT/6 PT

This event is at capacity. Please check back in June for the next New Member Call. 

You've joined DSA - Great! Now register for this New Member Orientation call and find out more about our politics and our vision. And, most importantly, how you can become involved.

Questions or Comments? Contact: 

Sam M
This event is at capacity.