The Hispanic Federation released the following statement regarding the national debt ceiling negotiations taking place in the nation’s capital:
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. Disastrous cuts to Social Security, Medicaid, Medicare and other bedrock safety net programs form the underpinning of the deals being considered in Washington D.C. Indeed, current proposals being floated in Washington offer a potential of three-quarters of spending cuts for every one-quarter of revenue generation, if that. This is not equity, or sharing the pain. This is placing the majority of sacrifice on the working poor, seniors and other vulnerable populations.