On March 1, the $85 billion collection of budget cuts known as the sequester could wipe out federal programs at such varied places as national parks, the Pentagon and the FBI. Hidden among those cuts are reductions in services that are crucial to Americans’ everyday lives—education, health care and jobs. The Guardian tells us what to expect.
Truthdig Editor-in-Chief Robert Scheer and the other “Left, Right & Center” panelists consider the fiscal cliff deal and the issues it left untouched: the debt ceiling and the threat of “reform” to social services. They also dissect the re-election of John Boehner as speaker of the House as well as the FTC’s decision on Google and antitrust and anti-competition laws.
Cut services for poorer senior citizens and the disabled or tax the rich? That’s the question that will be debated in the New Jersey Legislature on Monday as the state maneuvers to balance a budget deficit of close to $11 billion.
As the euro continues to tank and European countries scramble to deal with shrinking economic forecasts, Spain has proposed slashing its spending plans by nearly 8 percent next year as it struggles to deal with financial turbulence.