Share |

Rangel Calls On GOP To Act On Balanced Plan To Avert Automatic Spending Cuts

Feb 25, 2013 Issues: Economy

Washington, D.C. - Congressman Charles B. Rangel renewed his call for House Republicans to take prompt action on a balanced plan to stop the automatic spending cuts scheduled to occur on Friday. Today, a news report was released by the Obama Administration on the threat these cuts pose to our economy on a range of vital services for children, seniors, small businesses, and the men and women of our Armed Forces.

"The report issued by the White House serves as a reminder of the devastating impact the across-the-board automatic spending cuts will have on our fragile economy," said Rangel. "I have joined with my Colleagues to call on the House Republican leadership to do what is right for our nation. Failure to act by Friday recklessly puts at risk the programs New Yorkers are dependent on. There is no need for my constituents in Manhattan and the Bronx to go hungry, struggle to finance college, or lose health care benefits."

Automatic across-the-board spending cuts will take effect on Friday, March 1st. They will hurt a range of discretionary spending actions including keeping military bases open, research and development, and paying salaries. New York will lose about $884,000 in funding for job search assistance, referral, and placement, meaning around 46,230 fewer people will get the help and skills they need to find employment.

Under sequestration, New York will lose approximately $1,070,000 in funds to help upgrade its ability to respond to public health threats including infectious diseases, natural disasters, and biological, chemical, nuclear, and radiological events. In addition, New York will lose about $5,730,000 in grants to help prevent and treat substance abuse, resulting in around 6,100 fewer admissions to substance abuse programs. New York’s health departments will lose about $2,726,000 resulting in around 68,200 fewer HIV tests.

“Senate and House Democrats have offered fair, balanced plans to avert these damaging cuts," Rangel continued. "We are hanging the security of middle-class families in the balance with every passing day. Republicans need to work across the aisle to fix these solvable issues.  We cannot afford any more uncertainty at this time of economic instability. Now is the time to act."