Obama’s Budget Proposal To Hurt Poor, Middle Class And Students

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WASHINGTON – President Barack Obama, less than two months after signing tax cuts for the wealthiest Americans into law, is proposing a budget to congress that attacks programs that assist the working poor, help the needy heat their homes, expand access to graduate-level education and undermine that type of community-based organizations that gave the president his start in Chicago.

Obama’s new budget puts forward a plan to achieve $1.1 trillion in deficit reductions over the next decade, according to an administration official who spoke to the Associated Press on condition of anonymity in advance of the formal release of the budget.

Examples of cuts:

1. $2.5 billion from the Low Income Home Energy Assistance Program – helps families heat or cool their homes. 8.3 million households used it in fiscal 2010. The National Energy Assistance Directors’ Association director Mark Wolfe said the administration’s proposal would cut off 3.5 million households.

2. $405 million from community service block grants – a surprising move by the White House considering Obama’s past as a community organizer.

3.  The Food Research and Action Center estimated that a family of four will receive $59 less per month starting in November 2013 as a result of the $2.2-billion budget cut – A national anti-hunger organization that lobbies on behalf of food stamps and other programs says the cuts will harm the poor at levels not seen since the early Bush years.

4. The president is planning on slashing billions in education over the next decade saving the government over 60 billion in next decadeOffice of Management and Budget Director Jacob Lew said that interest on graduate school loans will begin building up while students are still in school under Obama’s new plan. Currently, interest does not begin compiling until after students graduate.

Read more at Huffingtonpost

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