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America's Emphasis on Welfare: Is It Children's Welfare or Corporate Welfare?
Author(s) -
Raphel Sally
Publication year - 2003
Publication title -
journal of child and adolescent psychiatric nursing
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.331
H-Index - 35
eISSN - 1744-6171
pISSN - 1073-6077
DOI - 10.1111/j.1744-6171.2003.00133.x
Subject(s) - federal budget , liberian dollar , welfare , revenue , deficit spending , debt , economic policy , economics , business , finance , fiscal year , market economy
States are facing a collective budget shortfall of dollar 40 billion and may have to cut millions from programs that serve children and families. The 2004 proposal exacerbates the state fiscal crisis. Because of linkages between federal and state taxes, federal tax cuts have added to the loss of state revenue coming into states to assist with programs. In addition, the federal government is likely to cut human service funding to shore up its dollar 157 billion deficit, and many non-profit agencies are seeing donations slow dramatically because of the lagging economy and stock market It seems evident that the proposed federal budget cutbacks exacerbate state reductions in children's services, worsen the federal budget deficit, greatly increase the nation's debt, and mortgage America's future by passing the lack of investments in youth potential onto the next generation.