As Americans face the economic fallout of the recent debt deal in Washington, members of the burgeoning American Dream Movement on Tuesday announced the Contract for the American Dream, a new agenda for economic recovery supported by a grassroots movement that progressive leaders say will rival the Tea Party in size and impact.

The contract is a list of ten sweeping policy proposals drawn from suggestions made by 131,203 Americans who gathered online and in neighborhood meetings to discuss solutions to the nation's economic woes. The contract demands what Democrats conceded in the recent debt deal: investment in jobs, education and infrastructure and higher taxes on the wealthiest Americans.

MoveOn.org Director Justin Ruben told reporters that most Americans want jobs instead of spending cuts, and the people who contributed to the American dream contract are frustrated with both parties. He said the American Dream Movement has spread from the demonstrations in Wisconsin to a dozen other states where “people are fighting against Republican attacks on the middle class.”

“We've been critical of both parties, including the president,” Ruben said. “There is a an enormous opportunity for politicians to step up … because people are desperate.”

The American Dreamers are already being compared to the divisive Tea Party that made countless headlines and shook up the GOP in recent years. Like the Tea Partiers on the right, promoters of the American Dream contract said Washington is out of touch with the views and needs of the rest of America.

“Too many people in Washington are giving up on the American dream, but the American people are not,” Ruben said.

Rebuild the Dream President Van Jones said the American Dream Movement is “real,” unlike the Tea Party, which was created with the help from “Fox News and Koch Brothers.” Jones said the American Dreamers are starting out with twice as many numbers as the Tea Party had in its early days, and the broad grassroots movement could “help DC as a whole do a major reset.”

Rep. Jan Schakowsky (D-Illinois) said that she is working with members of the House progressive caucus to advance the contract's agenda. Schakowsky recently introduced legislation that would increase spending on new jobs and raise taxes on the wealthiest Americans, but the bills are expected to face strong opposition in a divided Congress.

Schakowsky said the Obama administration has not indicated if it will support the legislation during the next Congressional session.