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Gun-to-head, congressional Republicans have pulled the sequestration trigger, applying automatic and ham-fisted austerity measures to our already slow economy. Austerity has led
On the chopping block:
Public housing subsidies--125,000 won't make rent
Foreclosure prevention--75,000 lose services
Emergency housing--100,000 formerly homeless removed from shelters
Educational programs--$2.7 billion cut, including services for 70,000 kids with Head Start
Title I funding--1 million disadvantaged students' schools lose funding
Rural rental assistance--10,000 rural residents affected
Social Security--Cuts result in massive backlogging of claims
Veterans' services--150,000 vets lose job search and career services
Nutritional assistance for women and children--600,000 women and children cut from benefits
Job training programs--$37 million cut from Employment Services; another $83 million from Job Corps
Sequestration places the financial burden for a decade of irresponsible fiscal policy squarely on our most vulnerable citizens: the elderly, the poor, women and children, and veterans. Simultaneously, current tax policies provide billions of taxpayer dollars to already-profitable corporations!
If Washington is serious about fixing the debt, they will close loopholes that allow companies like GE to pay a negative tax rate, discard the neo-liberal policies of cutting spending on earned benefit programs and lowering the deficit, and shift focus to creating jobs. Economic growth is the only deficit reduction policy that matters.