http://money.cnn.com/2013/02/21/news/economy/federal-budget-cuts/index.html?iid=HP_LN
As of March 1st the United States will be making drastic budget cuts, 2.1 million federal workers could be spending up to 22 business days at home without pay on a furlough. This isn't the only drastic changes that could be occurring on March 1st others include: shrinking unemployment benefits, beef and chicken to cost more and even face a shortage, cuts to meals on wheels program, enrollment in pre-school will be decreased, National parks closing campgrounds or changing hours, airports lines will grow due to worker furloughs, and hurricane repairs will come to a stop. All these cuts will cause people of the United States to change the way they live. These budget cuts come at the hands of our growing deficit. There is much speculation about our growing deficit and how the government is trying to make drastic changes to cut it. How will these budget cuts effect our every day life?
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ReplyDeleteWith the deficit as large as it is cuts definitely need to be made. It is too bad that the kids have to be included in this, education should be among one of the more important things in this country. So instead of helping our kids get the head start for some extra skills before kindergarten we are cutting out the less wealthy children and getting the less wealthy even further behind, when really the kids have no control over that. I understand this could be a "short-term loss for a long-term gain" plan. I think the other changes are fine and will help cut the deficit.
ReplyDeletePersonally, I hadn't considered some of these budget cuts when reading about the sequester. On a different note, these spending cuts will also decrease GDP unless the other components of GDP increase by the same amount, which is highly unlikely. As a result, the unemployment rate will likely increase. If these cuts go through, people may start to ask which issue is more important; the deficit or unemployment. It's difficult to decrease both at the same time.
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