The 5.5% reduction in benefits will pull about $5 billion in federal spending out of the economy over the coming 10 months — $457 million in California alone. Those were borrowed dollars, so the savings bring Washington one small step closer to fiscal sustainability, writes The Los Angeles Times Opinion editorial board. Yet the federal government wont make it all the way there without faster economic growth, and putting less food on poor Americans tables wont help.
Posted on: Mon, 04 Nov 2013 22:31:17 +0000
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