The Honeymoon is Over Kids!
Federal and State Budget Cuts are on the way. Our denial period is about to end, which is a good thing. We have many problems to solve, and we will be forced into the beginning of solution finding in 2011.
Federally speaking, there are proposed cuts to block grant funding to serve low-income residents. President Obama has proposed cuts of 7.5% to this program and 44% to Community Services Block Grant program. These fund nonprofits, such as a job placement center in Antioch, CA.
The county I live in, Contra Costa, gets about $3.5 million each year and helps 60+ agencies through these community development programs. Places like Habitat for Humanity will be impacted. Food banks will lose money, and so will programs that remodel classrooms in public facilities for the handicapped.
The main messages being pushed out now to help improve our government and economy are these;
1. Cut taxes on the rich to create more jobs.
2. Cut corporate income taxes to create more jobs.
3. Cut regulations because they are job killers.
4. Cut wages and benefits to help create jobs.
This message has been accepted to different degrees by Republicans and Democrats alike. House Majority Leader Eric Cantor keeps saying, “Cutting the federal deficit will create jobs.” This really can’t happen, but the truth doesn’t matter, perception and being on message does.
At the state level of California, there is a huge deficit, again. Governor Jerry Brown wants to have California voters vote to extend taxes in place and not let them expire. Republicans refuse to let this be put on the ballot. Gerrymandering of districts has made all politicians safe in the state, so this will not get fixed. That means this year’s cuts will have to really be deep. Education, Health Care and Corrections will all lose money.
We really need to get used to having less. We are about to find out that the credit card bill is due and we do not have the money to pay up.
Get used to the new paradigm.
| This entry was posted by pmillard on April 3, 2011 at 1:52 pm, and is filed under Politics. Follow any responses to this post through RSS 2.0. You can leave a response or trackback from your own site. |








about 2 years ago
ugh.
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about 2 years ago
I remember as a kid in the 80s seeing on tv warnings that the day of reckoning is 30 years…..hmmm looks like its almost on schedule. No worries ken, fed reserve will just print more money to buy U.S. treasury debt just like the 600B they admit to printing this year to do exactly that…..and I don’t hear much complaints from either party about it. And I didn’t hear much complaining from either party when the Fed Reserve printed 1.2Trillion dollars last year and cut the interest rate to near zero and has kept it there all in hopes of propping up the banks AND the bubbled housing market.
Why balance the budget when you can print money to buy your own debt?….ok being sarcastifc….but seriously this seems to be the attitude and practice by both sides in DC…i think it is the ultimate endgame.
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