Tag Results for "Debt Ceiling"
U.S. President Barack Obama reluctantly ordered the launch of $85 billion in budget cuts over the remainder of fiscal year 2013 after efforts by the White House and Congress to avert them failed. continue reading »
One of the fundamental things to understand when considering the debate about reducing our national debt is how we accumulated so much in the first place. To explain the impact various policies have had over the past decade, shifting us from projected surpluses to actual deficits and, as a result, running up the national debt, the White House has developed a graphic for you to review and share: continue reading »
By nearly a 3:1 ratio, Hispanic young adults prefer "reducing federal spending" (69%) to "raising taxes on individuals" (27%) in order to balance the federal budget. 70% of Hispanic young adults would decrease federal spending if given the chance to set America's fiscal priorities.A 57%-majority of Hispanics agree that "if taxes on business profits were reduced, companies would be more likely to hire." In a separate question, a 56%-majority concurred "the economy grows best when individuals are allowed to create businesses without government interference." continue reading »
Proposals to Raise National Debt Ceiling by Undercutting Bedrock Safety Net Programs Hurts Hispanics
As we inch closer to the deadline to raise our national debt ceiling, the Hispanic Federation is deeply concerned that the plans being negotiated by our nation's leaders are essentially big spending cut packages that will disproportionately hurt Latinos and other working class Americans. continue reading »