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WASHINGTON, D.C. - California's needy families will losemore than $550 million a year under a deficit-reduction billapproved Wednesday by the U.S. Senate, marking the first cutsto welfare, Medicare and other entitlement programs in nearly adecade. Vice President Dick Cheney cut short his Iraq trip to castthe tie- breaking vote on the controversial $39.7 billionpackage, opposed by California's Democratic Sens. Barbara Boxerand Dianne Feinstein.
WASHINGTON California's needy families will lose more than $550 million a year under a deficit-reduction bill approved Wednesday by the U.S. Senate, marking the first cuts to welfare, Medicare and other entitlement programs in nearly a decade. Vice President Dick Cheney cut short his Iraq trip to cast the tie-breaking vote on the controversial $39.7 billion package opposed by California's senators, Barbara Boxer and Dianne Feinstein, both Democrats.
This is fiscal responsibility? To the editor -- We've witnessed the capitulation of power in Washington, D.C., to "radical" Tea Party Republicans, freshman House members who were willing to send the U.S. and world economies into financial ruin to advance their simplistic agenda of lower taxes and smaller government. While I agree this country must live within its means, I disagree with the Republican plan to balance the federal budget by only cutting entitlement programs. Tax increases on large corporations and the wealthy must be part of the solution.
In 2009, upon taking office, President Obama promised that his administration would confront difficult challenges and not "kick the can down the road." In 2010, under pressure to honor this promise, he created a bipartisan deficit commission to address the unsustainable spending growth in programs such as Social Security, Medicare and Medicaid. "This can't be one of those Washington gimmicks that lets us pretend we solved a problem," he said at the time. "I refuse to pass this problem on to another generation of Americans. In 2011, after the commission reported specific entitlement reforms, Mr. Obama .. kicked the can down the road Faced with permanent trillion-dollar deficits, he produced a budget that abandoned the reforms of Social Security, Medicare and Medicaid necessary to preven...
..., consequently, unaddressed by poverty programs at the federal, state, and local level. Like other... an increased reliance on the major entitlement program for low income households. States, through...
[...] here was a policy-maker who would give more than a nod in support of early childhood education. Early childhood education can no longer be seen as just an entitlement or work support for parents in need but as a critical component of education reform, a necessary longterm investment in the nation's future economic success, "Education and, in many ways, success in life begins with high-quality early-learning experiences," said U.S. Secretary of Education Arne Duncan after the House passed the Early Learning Challenge Fund. In order to give more disadvantaged children some semblance of the comprehensive experience they need, savvy early-learning programs serving lowincome families are forced to do a kind of juggling act: to patch together different funding streams like Head Start,...
CARSON -- Rising health care costs and potential cuts to entitlement programs were on the minds of hundreds of seniors who came to a Friday briefing hosted by U.S. Rep. Laura Richardson. Sinetta Farley of East Rancho Dominguez said her 94-year-old mother-in-law was stunned recently to find that her Medicare deductible had gone up.
Excerpts from comments delivered by Federal Reserve Board Chairman Ben Bernanke before the US Senate Committee on the Budget, January 18, 2007. Spending on entitlement programs will begin to climb quickly during the next decade. In fiscal 2006, federal spending for Social Security, Medicare, and Medicaid together totaled about 40 percent of federal expenditures, or roughly 8.5 percent of GDR In the most recent long-term projections prepared by the Congressional Budget Office, these outlays are projected to increase to 10.5 percent of GDP by 2015. By 2030, they will reach about 15 percent of GDP. The CBO projections, by design, ignore the adverse effects that such high deficits would likely have on economic growth. But if government debt and deficits were actually to grow at the pace env...
... control and disarmament, supervision of programs authorized by the Peace Corps Act, social science ... System (DTS), and allowance and entitlement program management. By centralizing travel functio...
Sometime within the next few weeks, a blistering debate will occur on Capitol Hill over raising the federal debt limit above the present ceiling of $14.2 trillion. The U.S. public debt amounts to the total federal financial obligations measured by the amount of debt instruments in the form of Treasury securities held by the public (individuals, domestic institutions and foreign governments) and intergovernmental holdings representing federal governmental obligations for specified programs such as Social Security and other entitlement programs.
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