Are you Worried the Sequester Will Affect You?
Massachusetts is chock full of defense contractors, federal employees and federal program beneficiaries. Are you worried the federal budget sequester will hurt your family's finances?
The federal government has a week before its self-imposed sequestration deadline. If enacted, the across-the-board cut to the federal budget could mean layoffs, decreased aid and lower government spending. That could mean trouble for some very popular government programs, like Social Security and Medicare. Defense contractors are also preparing for lost and reduced contracts with the government. Locally, it could also doom smaller programs that have a big impact. The Low Income Home Energy Assistance Program (LIHEAP) helps families in need pay for home heating oil and other energy costs. Massachusetts stands to lose over $11 million in assistance under this one program. Representatives Ed Markey and Jim McGovern are trying to shield the …
Ajax
4:51 pm on Monday, February 25, 2013
The only thing you could do is change the ages for retirees in the distant future. Regardless, the program will be broke when it is time for me to collect. more ›