Skip to comments.Bay Area, California to lose big if federal sequester cuts hit this week
Posted on 02/24/2013 5:41:36 PM PST by artichokegrower
Just when Californians are finally feeling upbeat again about where the state is heading, here comes a fresh downer: The federal sequester cuts set to kick in this week could cost California billions of dollars and hundreds of thousands of jobs while making most of our daily lives more difficult.
The state's budget may be balanced and the economy improving, but unless congressional Republicans and President Barack Obama reach a last-minute deal, the federal government on Friday will begin slashing $85 billion this year, including about 8 percent from the Pentagon and about 5 percent from most other discretionary programs.
In California, the cuts would cost the Golden State 225,000 current and future jobs, about $670 million annually in federal grants, plus $3.3 billion in statewide military and defense revenue, lawmakers, administration officials and experts estimate. $670 million annually in federal grants, plus $3.3 billion in statewide military and defense revenue, lawmakers, administration officials and experts estimate. The University of California is anticipating 5 percent hits to its $3.3 billion federally funded research program as well as its $1.5 billion in U.S. student aid program, on top of federal cuts enacted last year. School districts around the state would also take sucker punches., on top of federal cuts enacted last year. School districts around the state would also take sucker punches.
(Excerpt) Read more at mercurynews.com ...
How's that in state tuition and access to financial aid for illegal aliens working out for you California?
California home of Pelosi, Feinstein, Boxer, Pig man, Waters, Gee they would suffer? Gosh thats a tough teat isn’t it?
omg these are not cuts.
this is just less of an increase.
everyone still gets more.
Something tells me these little guys are going to be getting a workout these next couple of weeks.
“”The state’s budget may be balanced””
Not the Bay area!
The GOP MUST go along with Obama tax increases to stop these cuts to the Bay area. This just is not fair!
I imagine all those taxes currently being paid by their illegal aliens (according to the “immigrant” advocates) will be enough to bail them out.
Well now that I know this I say SEQUESTER AWAY !
But, if you add up all the individual cuts into an aggregate, it would total the entire federal budget for the year!
OMG! What will all the illegal aliens do now!!!?
For those in the Bay Area who are feeling down about it I suggest tying a steak around your neck and taking a brisk swim in the bay.
“The state’s budget may be balanced”
LOL, just because Governer moonbeam projects a year end balanced budget that myth is now passed along as fact.
Lordy! Its 85 billion in the entire country!
The panic stories have about 5million people losing their jobs, all told.
Get a freakin grip, press corps.
I think they mean the New Californians (illegal aliens). Natives have been stampeding out of the state. Obama and the libs are crying about the Sequester cuts, always saying kids will lose out, etc. But no mention of squandering billions like giving expensive jet aircraft to Egypt, among numerous giveaways to questionable nations. I'll cry about the sequester cuts if Obama stops throwing away our money.
What kind of a drug-addled illiterate buffoon writes this stuff?
School Districts around the state?
What the hell are all these incompetent school distrincts doing spending my federal tax dollars?
Local school districts get more local taxes than they deserve.
Give me a break!
Wait, wait wait...
Obama’s top advisors came up with the sequester idea, Obama liked it and pushed it, congress passed it and Obama signed it into law.
And it’s no good?