OPINION: Investing in children delivers big returns to them and the national economy. It is not in the best interests of children for the House to disproportionately subject them to significant long-term budget cuts in the debt ceiling bill.
During the House debt ceiling debate, several members of Congress invoked the “next generation” as a newly discovered interest and reason for addressing the federal budget deficit.
Whatever the reasons, the current House leadership has chosen to deliberately exempt certain programs and populations — Social Security and Medicare, seniors and Strykers — while laying the burden squarely on children. In addition to protecting U.S. defense spending, which already outstrips spending by the next 10 nations combined, House leaders also have pledged to protect tax breaks for the wealthy.
H.R. 2811 would slash funding to education, Head Start, child care, child health, child nutrition, child and family homelessness, and child-abuse prevention by an additional 22% or more. For good measure, the bill would specifically eliminate college debt relief and investments in the environment — both issues of importance to younger voters. The Congressional Budget Office projects that the House bill could also force the elimination of many children’s programs.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
A Cheaper Way to Bet on AI Than Investing in NvidiaChip maker Nvidia soared to a record share price on the wings of generative AI. Heard on the Street’s Spencerjakab explains buying stock is one way investors can catch the AI wave. WSJWhatsNow
Weiterlesen »
CNBC Daily Open: A debt ceiling deal won’t solve everythingThe only story to be made of yesterday’s market moves is that, well, there wasn’t one. Markets are still in reactive mode, not a sustained rally.
Weiterlesen »