Tag Archives: sequestration

Sequestering Meals on Wheels Could Cost the Nation $489 Million per Year through Increased Costs to Medicaid

The Center for Effective Government finds Meals on Wheels sequestration could cost taxpayers $489 million per year through increased costs to Medicaid. “Sequestering Meals on Wheels funds could cost taxpayers far more than it saves. While across-the-board spending cuts that … Continue reading

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So Sequestration is All Bark and No Bite? Hardly, if You Have Cancer and on Medicare

Via Wonkbog - Cancer Clinics are Turning Away Thousands of Medicare Patients. Blame the Sequester. “Ralph V. Boccia of the Center for Cancer and Blood Disorders runs a cancer clinic that is in danger of losing funding due to the sequester … Continue reading

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Wise Observation Why a Sequester Deal was Impossible

Jonathan Chait, in an article examining the lack of effective communication among Republicans and Democrats, quotes Upton Sinclair’s famous line, “It is impossible to make a man understand something if his livelihood depends on not understanding it.” His observation captures … Continue reading

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The Source of Three-Quarters of Deficit Reduction Since 2011: Spending Cuts

Michael Linden and Michael Ettlinger document approximately three-quarters of deficit reduction achieved since 2011 has been through spending cuts and interest saved through those spending cuts. Approximately one-quarter of the deficit reduction is due to revenue increases (tax increases). Dismissing the $1.5 trillion President … Continue reading

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The Effects of the Sequester on Your State

Our government has identified the effects of the sequestration on each state. Click on the links below. 1. Alabama 2. Alaska 3. Arizona 4. Arkansas 5. California 6. Colorado 7. Connecticut 8. Delaware 9. District of Columbia 10. Florida 11. Georgia 12. Hawaii 13. Idaho 14. Illinois 15. Indiana 16. Iowa 17. Kansas 18. Kentucky 19. Louisiana 20. Maine 21. Maryland … Continue reading

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Macroeconomic Advisors: Sequestration Will Cost 700,000 Jobs

Macroeconomic,Advisors forecasts the effects of an implemented sequestration: “Our baseline forecast, which shows GDP growth of 2.6% in 2013 and 3.3% in 2014, does not include the sequestration. The sequestration would reduce our forecast of growth during 2013 by 0.6 … Continue reading

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Loopholes in Fiscal Cliff Bill Wipe Out Revenue from Taxes on the Rich

Corporate sponsored loopholes in the “Fiscal Cliff Bill” wipe out revenue from tax increases on the rich. Special interests win again!

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Twenty Thoughts on the Fiscal Cliff

Some random thoughts on the “fiscal cliff”: 1. Something is wrong when the top 1% owns 42% of the wealth. No group is that smart, works that hard or has taken that much risk to enjoy 42% of American wealth. … Continue reading

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11 Shocking, True Facts about Simpson-Bowles

Via the Wonkblog: 1) Simpson-Bowles ends the the Bush tax cuts for income over $250,000. And note that they do that before they reform the tax code. The expiration of the tax cuts is built into their baseline. That way, … Continue reading

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Believe It? The Deficit has Fallen Faster in Past Three Years than any Period of Time Since Demobilization of WWII

The federal deficit has fallen faster than any period of time since the demobilization from World War II, according to the Office of Management and Budget. According to Investor’s Business Daily, “From fiscal 2009 to fiscal 2012, the deficit shrank 3.1 percentage … Continue reading

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