The Congressional Black Caucus (CBC) has a long history of presenting fiscally sound and responsible alternatives to the budgets offered by both Republican and Democratic majorities in Congress. In light of the deficit reduction recommendations made by the National Commission on Fiscal Responsibility and Reform, we are concerned that draconian austerity measures will directly impact and harm our communities.
A glaring omission from various debt reports is a thoughtful analysis of how their recommendations will affect the nation’s most economically vulnerable populations. Recognizing this, the Congressional Black Caucus has formed its own debt commission to focus on the recession – particularly on communities of color – as well as approaches to deficit reduction and their implications for vulnerable populations and the nation at large.
The CBC will host our first-ever “Commission on the Budget Deficit, Economic Crisis, and Wealth Creation” that will address the federal budget deficit while protecting important safety net programs needed by our communities. The event will take place on Friday, January 28, 2011 from 1:30pm to 5:30pm in the Cannon Caucus Room. Specifically, we plan to discuss:
- Utilizing the Fiscal Year 2012 Budget to understand the national debt and eliminate
- Identifying mandatory federal programs that protect people of color and other
- Identifying federal spending that does not benefit communities of color or
substantially disadvantages them;
- Protecting discretionary spending programs essential for communities of color,
including affordable healthcare, job creation, training programs and housing
- Providing for entrepreneurship and small business opportunities in this economic
We invite you to attend this most important policy discussion. Following the panel, we will create recommendations and a Commission Report and subsequently submit these recommendations to Congress and the Administration. To RSVP for this event, please contact CBC Executive Assistant, Latrice Powell at Latrice.Powell@mail.house.gov or at
We look forward to seeing you there!
Emanuel Cleaver, II
Congressional Black Caucus