Report

The Budget Control Act of 2011 mandated automatic spending cuts for the federal government to go into effect January 2013. This report compares the Budget Control Act’s mandatory cuts with the House leadership budget proposal, the Congressional Progressive Caucus proposed budget and President Obama’s budget and the effect each will have on the wealthy, the poor and the middle class in America. The report dissects each budget on several issues and concludes devastating consequences for the underprivileged “fiscal safety net” if these cuts go into effect. 

April 3, 2012

In This Report, You’ll Learn

  1. 1

    The difference between the 4 main cost-cutting budget proposals before Congress in 2010.

  2. 2

    Comprehensive statistics on how the Budget Control Act of 2011 budget cuts will affect the U.S. population, especially the poor, the elderly and the unemployed.

  3. 3

    The cumulative impact of the mandatory budget cuts over the next decade.

  4. 4

    The 4 guiding principles for a responsible budget from SAVE (Strengthening America’s Values and Economy for All), an effort supported by more than 1,600 organizations and thousands of people nationwide.

Key Takeaway

Budget cuts will increase over the next decade

By 2050, most federal programs would cease to exist as a result of the cumulative effect of these federal budget cuts, according to the Congressional Budget Office. The exceptions are Social Security, health care and defense.

Findings & Stats

Statements & Quotations