Wednesday, February 27, 2013

Sequester + austerity = stupid budget cuts


Take Action: The Senate will vote Thursday on legislation to prevent harmful cuts.  Please tell your Senators to vote for the American Family Economic Protection Act, S. 388 and for more information on how your state would be affected by the cuts, see our state fact sheets.
 In economics austerity is the  policy of reducing government spending by cutting social services such as health care, education, food assistance, and other welfare assistance.   At the federal level, Republicans and some Democrats  seek austerity by cutting social Security and Medicare. Republicans also are insisting on massive budget cuts known as the sequester.  By any name, these cuts are bad.  In the case of state governments  public tax money is used for police, fire fighters, park services, nurses, doctors, social workers and health assistants.  State  and local austerity efforts cut these services.
In the current economic crisis, the governments of Ireland, Greece, Italy, the UK, Spain and Portugal have implemented austerity programs and cut their budgets  creating  more unemployment and making  the recessions in these countries worse.

While unemployment remains high and economic growth slow,  government policy  should not impose austerity measures which  reduce essential public safety  programs for  the middle and working classes and that shred the  social safety net for the most vulnerable. Rather, government policy should prioritize public investments in job creation, public education and healthcare reform, while raising essential revenues by taxing the large corporations and wealthiest citizens who can afford to pay.


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