5. Rep. Paul Ryan and the House would make deep cuts in spending, in large part by reducing programs for low-income families Rep. Ryan proposes $5.7 trillion in spending cuts to be implemented over 10 years. Similar to his budget last year, these cuts target programs that benefit low-income families: Medicaid, food stamps, and Pell [...]
By now you’ve heard that federal budget cuts will take effect on Friday. And you’ve heard the strange-sounding name for these cuts: sequestration. Sequestration means across-the-board spending cuts, and this sequester was written into law in August 2011 as a kind of terrible incentive for lawmakers to pass a long-term deficit reduction plan. No one thought the cuts would [...]
You’ve heard the term “fiscal cliff” and you’ve heard about how lawmakers in Washington can’t agree on spending or taxes. But here’s what you probably haven’t heard: The federal budget negotiations happening right now may result in deep cuts to programs that benefit the next generation of Americans — the young people who are this [...]
They don’t call it the “cliff” for nothing. It’s the fiscal spot where a nation’s representatives can gather and cry doom. It’s the place — if Washington is to be believed — where, with a single leap into the Abyss of Sequestration, those representatives can end it all for the rest of us. In the [...]
The U.S. education system is what made this country prosperous in the twentieth century — but no longer. Perhaps no issue is more urgent than this, yet for all the talk of teacher’s unions and testing, real education programs, ideas that will matter, are nonexistent this election season. Flickr/ Joe Shlabotnik During the last century, the [...]
Patrick Pylvainen grew up in a small town outside Minneapolis. The Minnesotan college student has seven siblings, so he borrows money for his tuition — Stafford loans from the federal government, plus loans from private banks that require interest payments while he’s still in school. Now, those more affordable federal loans are in jeopardy. The [...]
This story first appeared on the TomDispatch website and Mother Jones. We’re at the edge of the cliff of deficit disaster! National security spending is being, or will soon be, slashed to the bone! Obamacare will sink the ship of state! Each of these claims has grabbed national attention in a big way, sucking up [...]
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