Every day our elected leaders make decisions impacting the ability of Alabama';s companies to survive and compete. This directly affects you -- your job, your wages, your family -- and your future.
The Solution? More jobs and a stronger economy -- And policies that will grow our state. You can help!
Stay Informed! Check back here for updates on pro-growth issues pending at our state and nation's Capitols.
Speak Out! Use our easy Take Action Now buttons to write or email your elected officials. They need to hear how these issues impact your job, your company and your pocketbook.
The Alabama Prosperity Project is a nonpartisan, nonprofit collaborative effort of the state';s business community to provide up-to-date, easily accessible information to Alabama businesses and their employees about federal, state, and local government activities that have an effect on the state';s economic growth and business climate. The information available will enable Alabama citizens to promptly and easily contact their elected representatives and to make informed choices about whom to support in elections.
The Alabama Prosperity Project is built on this belief: when Alabama workers are informed and active in government and elections, our families, our communities and our state will benefit. It was created to help educate our state's employers and workers about issues that impact job security, economic competitiveness, wages and benefits – and ultimately our future prosperity.
It's Time to Get Serious About National Debt Reduction
Are you concerned about the national deficit? Please take a moment to look at the information below.
Our national debt is approaching $15 trillion dollars and federal deficits are projected at or above one trillion dollars a year for the foreseeable future. Despite the emerging bipartisan consensus among policy makers that we cannot sustain the current path, they are struggling to find common ground on a plan to reduce the federal deficit. Without some change in these dynamics, their deliberations may not reflect the seriousness and urgency of the need to effectively act. American business has an opportunity to help convey the need for immediate action and ultimately shape the outcome by:
1. Educating your employees on the seriousness of this issue; and,
2. Asking them to write Congress and say that the time for action is now.
Deficit Reduction Principles
Our nation’s debt and ongoing deficits are serious threats to our economic well-being and the free enterprise system that BIPAC’s vision and mission call on it to defend. The national debt, now in excess of $14 trillion, is equal to 90+ percent of our annual GDP. Of the roughly $3.7 trillion the federal government will spend this year, approximately 40 percent – 40 cents of every dollar spent -- or $1.4 trillion, will be borrowed. Economists agree these annual deficits are unsustainable.
There are essentially three components to this crisis: federal spending, federal revenues and economic growth. In the end, each element must be realistically addressed if we are to sufficiently bend the debt curve down and return our nation to prosperity. Although national discussions of this problem too often devolve into politically charged debates, resolution of this issue will require bipartisan leadership and a public well-informed about the facts and alternatives. Our nation’s prosperity depends on our willingness to take immediate actions to rein in the federal deficit and drive economic growth.
BIPAC views its role as informative, providing context to a discussion that is too often clouded by political positioning or parochial interests. Although it is not our role to identify or embrace any particular solution, an effective deficit reduction plan should:
• Emphasize the need for economic growth
• Prioritize and reform federal spending programs to eliminate the gap between projected revenues and spending while continuing to meet long-term obligations
• Raise the U.S. borrowing authority to protect the long-term health of our economy and ensure America’s continued international credibility
• Use tax policy to encourage capital formation and job creation, and strengthen U.S. competitiveness.