The Disappearing Deficit

So there’s no question that, since President Obama took office, we’ve seen an effort to cut the deficit.  But when Republicans gained control of the House of Representatives, they won the argument on how best to do so by insisting on the automatic budget cuts known as sequestration.  Those cuts are projected to reduce federal spending by $1.2 trillion over the next decade.  Sequestration has a downside, though.  The Congressional Budget Office has estimated that its cuts might result in the loss of as many as 750,000 jobs.

But even that statistic has a silver lining.  Congressional Democrats have put together a piece of legislation we can all support.  It’s called the Stop the Sequester Job Loss Through 2014 Act.

Sounds like a good idea…

Michele Petrovsky, Webmaster at Tools4Change Author of, Cathedral or Bazaar?  Fix Higher Education – Teach by the Seat of Your Pants , Donkey Dharma, and Quick Guide to Linux Glen Mills, Pa.

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