Fighting for a U.S. federal budget that prioritizes peace, economic security and shared prosperity
There aren’t many things that 90 percent of Americans agree on, but there are at least two.
According to a report just released by the Congressional Budget Office, the Senate’s comprehensive immigration reform bill would reduce federal budget deficits by $197 billion over the next decade.
The 2011 Budget Control Act set the stage for the harsh automatic budget cuts known as sequestration to take place on January 1, 2013. These cuts will go on for a decade unless Congress agrees to stop them. Some initiatives, like the WIC Farmers' Market Nutrition Program, have been cut by more than 20 percent.
The sequester not only cut money allocated to federal programs, but also meant reductions for federal spending at the state and local level.
For more than a decade National Priorities Project's Cost of War site has been keeping track of real-time federal spending on the wars in Iraq and Afghanistan. But now the Cost of War site is going to tackle new terrain.
Nearly 90% of Americans oppose cuts to Social Security, which covers more than just retirees. Benefits are also paid to those with disabilities and family members of deceased workers. Combined, these groups received about $720 billion during fiscal year 2011.
Last week I explained that the federal government is operating on a temporary spending bill called a continuing resolution instead of a real budget for fiscal 2013. That continuing resolution expires on March 27. If lawmakers don't pass new legislation the federal government will shut down on March 28. Here's what's happening.
When lawmakers struck a fiscal-cliff deal on New Year's Day, they did not make any changes to Medicare or Social Security. But the debate over if and how to reform entitlement programs has only just begun.