Tags ‘Fiscal cliff’
Tag: ‘Fiscal cliff’
Tea Party Republicans are crowing about the “sequestration” cuts beginning March 1. “This will be the first significant Tea Party victory in that we got what we set out to do in changing Washington,” says Rep. Tim Huelskamp, R-Kansas. Sequestration is only the start. What they set out to do was not simply change Washington but eviscerate the U.S. government.
Massive spending cuts to the nation’s federal housing programs are scheduled to go into effect on March 1, 2013, threatening thousands of low-income families in Oakland and other Bay Area cities with higher rent than they can pay. Additionally, several hundred thousand or more low-income families all across the nation could lose their vouchers.
As President Obama and leaders in Congress seek to avoid the so-called “fiscal cliff,” any agreement must address the immense contribution that the Pentagon makes to the debt. Without defense spending reforms on the table to modernize our security budget, there is no pathway back to the budget surplus we enjoyed before the decade of unchecked defense spending took off.
Why do imaginary phantoms terrify, while real-life horrors seem normal? Why do our elected representatives act in ways that trample the values of those who elected them? Consider the current debate in Washington. The city is in full uproar about the so-called “fiscal cliff,” the deep cuts in spending and hikes in taxes scheduled to take place at the end of the year. Don’t fall for the hype.