Thursday, June 24, 2010

ALRIGHT, WHO SUFFERS THE MOST FROM "AUSTERITY"?

The unemployed:
Nearly 1 million people who had been receiving extended unemployment benefits have lost them due to the congressional inaction; Senate Republicans, joined by one Democrat, Nebraska's Ben Nelson, voted to block a measure that would have extended those benefits until December.

State and local government employees:
If Congress does not extend the enhanced Medicaid matching funds in last year’s Recovery Act, most states will cut public services or raise taxes for the fiscal year that begins July 1 by even more than they are already planning – laying off tens of thousands more teachers and other public employees, cutting education funding more sharply, and further reducing payments to health care providers and other private firms. Without more federal aid, state budget-closing actions could cost the national economy 900,000 public- and private-sector jobs.

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