Why Black Interests Are Vulnerable in Budget Battle
(TriceEdneyWire) — President Obama has unveiled his fiscal year 2012 budget submission. In his proposed $3.7 trillion spending plan the president seeks to trim or eliminate 200 federal programs, pledging $1.1 trillion in deficit savings over the next decade. The proposed reductions which average just over $100 billion each year will disproportionately impact already cash-strapped social programs.
Understanding that the Presidents submission is the first salvo in a long budget battle many are asking why start with such steep cuts to much needed social programs. Why start the negotiation process with programs that represent such a small fraction of the federal budget and will disproportionately impact African Americans?
These proposed cuts come less than two months after the President signed tax cuts for the wealthiest Americans into law, increasing the deficit by $858 billion dollars. According to David Bradley, director of the National Community Action Foundation, ”Once the Obama administration throws a poverty program in the water, it starts a feeding frenzy… the White House has thrown chum into the waters swirling around the budget-cut debate…” setting the stage for Republicans to propose even deeper cuts to the same programs.