Dreaded automatic federal spending cuts, otherwise known as “sequestration,” swept into Washington on Friday. Eleventh hour meetings were hastily scheduled, yet players on both sides of the aisle seemed resigned to the reality of $86 billion suddenly snatched from the federal budget. Opposing sides argued all week over how severe the cuts would be and whose idea it was in the first place. However, the stubborn resolves of Democrats and Republicans on and off Capitol Hill offered little hope of any foreseeable compromise. “There’s another huge event that takes place that could be even worse, and that’s when the Continuing Resolution on March 27 takes place,” Rep. Gregory Meeks (D-NY) told the Tribune. Meeks is holding out hope that a deal can be reached some time before Congress negotiates short-term spending plans by the end of March. Some observers are counting on that moment when House Speaker John Boehner (R-OH) and Senate Majority Leader Harry Reid (D-NV) can finally sit down and avoid fiscal calamity. --- Experts worry most about the unemployment benefits being reduced by 10 percent – not good for African Americans who are still facing a jobless rate double the national average. And even as local communities fret over struggling school systems, the sequester axe takes no prisoners on education when cutting $3 billion in financial aid for low income students and in desperately needed school programs servicing at-risk youth. Also alarming is the impact sequestration would have on key public health services affecting people of color, especially women and children. “Sequestration would result in 25,000 fewer breast and cervical cancer screenings, 42,000 fewer HIV tests and 900,000 fewer patients served at Community Health Centers,” says Dr. Brian Smedley, vice president and director of the Health Policy Institute at the Joint Center for Political and Economic Studies. “There are just so many vital programs that detect chronic diseases earlier, and this is critical since we have a higher burden of disease in the community.”
Read more at The Philadelphia Tribune.
Politic365.com’s Charles D. Ellison talks with Dr. Wilhelmina Leigh, Senior Research Associate on Economic Security Issues at the Joint Center for Political and Economic Studies. Dr. Leigh offers insight in recent job growth proposals outlined by President Obama and what that means in terms of the current economic and political climate. She also talks about the bi-partisan, bi-cameral debt commission and a recent proposal by Rep. Dan Larson (D-CT) to create a jobs committee.
Read more at Politic365.