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IPFS News Link • Government Debt & Financing
Some readers probably heard on the news how the Democrats were hopping mad when the House Republicans voted recently to overturn the “sequester” on the Pentagon budget, enacted at the end of the year as part of the deficit reduction deal. With that money restored, House Republicans cheerfully went about their business of making up the difference by slashing food stamps, Medicaid for children, federally supported Meals-on-Wheels for the elderly and other programs that help the most vulnerable. Democrats were united in opposing this move and promptly incorporated it into the campaign narrative of hard-hearted, mean-spirited Republicans, whom they are determined to challenge and expose come November.
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