RI Would Lose $40M in Federal Cuts
A report released Sunday by Obama administration details extreme cuts to education and military spending the state would see if the federal government fails to prevent sequester.
Rhode Island would see nearly $40 million in federal funds cut from several programs if Congress fails to act this week to avoid sequester — an $85 billion federal spending cut, the Obama administration said Sunday. In a move designed to pressure Republicans into accepting new revenues as part of a deal to prevent the sequester from taking effect on Friday, the White House released reports that outlined how those cuts would impact individual states, The Huffington Post reported. In Rhode Island, education and military spending would take the greatest hit, the report reads. The state would lose $2.4 million in funding for primary and secondary education, putting around 30 teacher and teacher aide jobs at risk. Rhode Island also would lose …
Chris12
6:34 am on Tuesday, February 26, 2013
What is an eye opener is all these cuts would hardly make a dent in the $17 trillion deficit. Social Security and Medicare are the biggest drains on the budget (due to gross mismanagement in my opinion) YET when any candidate running for public office states that SS and Medicare are in trouble and these programs need to be reviewed we demonize them and run them out of town. Go figure...??? more ›