The Deficit Deal: What It Means for Low-Income Americans
Spotlight on Poverty and Opportunity is tracking the impact of the deficit deal on low-income people. Check back here for up-to-date news and information about key developments.
Resources and Reactions on the Deficit Deal:
American Enterprise Institute:
A Debt Opportunity Deferred, Not Entirely Lost, Alan D. Viard
Brookings Institution:
What Is Next for the U.S. Economy, Post-Debt Ceiling Debate? Karen Dynan, Vice President and Co-Director, Economic Studies
Good News and Bad News in Debt Limit Deal, William G. Gale, Senior Fellow, Economic Studies
WebChat: The Day After the Debt Limit Deadline, Ron Haskins, Senior Fellow, Economic Studies
CATO Institute:
On Debt Ceiling, Congress Defers Tough Decisions (Cato Institute video)
Budget Deal Doesn't Cut Spending, Chris Edwards
A Deal, Not a Solution, Michael D. Tanner
Debt Deal: Spending in Perspective, Tad DeHaven
Center for American Progress:
The Deal: CAP Analysis of the Debt Deal
Center on Budget and Policy Priorities:
Statement of Robert Greenstein, President, on the New Debt Ceiling Deal
How the Potential Across-the-Board Cuts in the Debt Limit Deal Would Occur
Center for Economic and Policy Research:
Statement on the Debt Ceiling Deal
Coalition on Human Needs:
Statement:The Budget Control Act
Congress:
Factsheet: Summary of the Revised Budget Control Act of 2011, Speaker of the House John Boehner
Floor Speech on Budget Control Act of 2011, House Minority Leader Nancy Pelosi
Senate Bipartisan Compromise Puts The Nation On Track To Fiscal Stability, Senate Majority Leader Harry Reid
Bipartisan Agreement Will Slow Down the `Big Government Freight Train’, Senate Minority Leader Mitch McConnell
Congressional Budget Office:
CBO Analysis of August 1 Budget Control Act
Economic Policy Institute:
EPI president critical of proposed debt ceiling deal
Heritage Institute:
Morning Bell: Our Work Has Only Begun
The Leadership Conference:
Unbalanced Deficit Reduction Deal Would Avoid Devastating Default, But Focus Should Be on Job Creation, Investment for the Future
National Women's Law Center:
NWLC Statement On Debt Ceiling Deal
Unbalanced Debt Ceiling Deal Cuts Vital Programs; Critical Fights Ahead
SEIU:
No More Raw Deals: Working People Need Leaders to Lead Now
Tax Credits for Working Families:
What the Debt Ceiling Deal Means for Tax Credits for Working Families
The White House:
Putting Americans Back to Work: President Obama Speaks on the Debt Compromise
Statement by the President
Fact Sheet: Bipartisan Debt Deal: A Win for the Economy and Budget Discipline
The Deficit Deal In the News:
USA TODAY, August 3, 2011: Grad students, seniors may feel impact
"The changes will generate an estimated $22billion in savings. Of that amount, $17 billion will be used to preserve the federal Pell grant program, which provides grants of up to $5,550 a year to low-income college students."
Detroit Free Press, August 3, 2011: Now come the hard cuts
"Michigan Budget Director John Nixon noted Tuesday that 44% of the state's budget is federally funded, and if deep reductions are made in that funding -- especially in a haphazard,across-the-board fashion -- it could have dramatic results."
The Detroit News, August 2, 2011: Mich. to feel impact of debt deal
"Money Michigan spends on roads, education,welfare and health care for the poor is among the more than $2 trillion at risk under the federal deal to raise the debt ceiling. The details were not clear Monday on the impact to the state of the spending cuts announced Sunday night.Some of the known changes relate more to what wasn't part of the agreement than what was in it."
Asbury Park Press, August 2, 2011: Dems' budget was based on false promises
"This budget: Doubles property tax relief for middle-class families and restores the Senior Freeze Program. Increases aid for all our schools. Protects vital health safety nets for low-income families,senior citizens, the disabled and the uninsured."