Budget for a Millennial America

Interesting – the Roosevelt Institute’s Campus Network organized a group of young adults to develop a long term US budget, funded by a Peter G. Peterson Foundation $200,000 grant. From their blog:

The Roosevelt Institute Campus Network’s Budget for a Millennial America is a rigorous plan that makes the essential investments in education, health care, infrastructure and green energy needed to ensure a robust 21st century economy, while reducing the federal debt to a sustainable level. The plan reflects the views of a cross-section of some three thousand Millennials. It was created democratically through the Campus Network’s unique model of student engagement with members and nonmembers alike. The budget addresses the root causes, not just the symptoms, of the federal debt by ending Too Big to Fail and addressing rising health care costs. Its strengthens the social safety net by making it more responsive to crisis and recession through automatic stimulus and stronger worker retraining programs. The Budget for Millennial America is the only citizen-produced deficit reduction plan – by young, old or middle-aged –being given serious consideration in the public debate.

I’ve just started reviewing their downloadable document. There is definitely some “outside the beltway” thinking in their plan. So far what I’ve seen should be on the debating table (if there is one in Washington). One plank that I didn’t like is increased funding for intercity “high speed rail”. But that is not at all surprising given the authorship — and keeping in mind that they could not have staffed/funded an objective study of transportation options.

See how the young think compared to the calcified Congress and Administration.