The Administration has threatened that the cuts will result in a massive contraction of the national economy. The breakdown of the effects on California was politically structured as an emotional call for Republicans to commit Hari-kari by compromising the demands of their base for fiscal discipline. With sequester only amounting to 2% of spending, the cuts do seem to be as earth shattering as the media has predicted
Funding for Clean Air and Water: California would lose about $12.4 million in environmental funding for clean water and air quality. In addition, California may lose another $1.9 million in grants for fish and wildlife protection.
Child Care: Up to 2,000 children deemed disadvantaged and vulnerable could lose access to child care.
I do not want to understate that any cuts to a group of Californians receiving federal benefits will be painful. But in my recent report, California Admits Higher Taxes Kill Tax Collection, the Not-So-Golden-State is proving that raising taxes to pay for deficit-spending destroys economic growth and results in lower tax collection. Even with the sequester, the Congressional Budget Office projects that over his 8 years in office, President Obama will have engaged in $7.5 trillion in deficit-spending and the national debt will almost double. The burden this federal debt will be painful to all Californians.
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