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Bay Area, California to lose big if federal sequester cuts hit this week
San Jose Mercury ^ | 02/24/2013 | Mike Rosenberg

Posted on 02/24/2013 5:41:36 PM PST by artichokegrower

Just when Californians are finally feeling upbeat again about where the state is heading, here comes a fresh downer: The federal sequester cuts set to kick in this week could cost California billions of dollars and hundreds of thousands of jobs while making most of our daily lives more difficult.

The state's budget may be balanced and the economy improving, but unless congressional Republicans and President Barack Obama reach a last-minute deal, the federal government on Friday will begin slashing $85 billion this year, including about 8 percent from the Pentagon and about 5 percent from most other discretionary programs.

In California, the cuts would cost the Golden State 225,000 current and future jobs, about $670 million annually in federal grants, plus $3.3 billion in statewide military and defense revenue, lawmakers, administration officials and experts estimate. $670 million annually in federal grants, plus $3.3 billion in statewide military and defense revenue, lawmakers, administration officials and experts estimate. The University of California is anticipating 5 percent hits to its $3.3 billion federally funded research program as well as its $1.5 billion in U.S. student aid program, on top of federal cuts enacted last year. School districts around the state would also take sucker punches., on top of federal cuts enacted last year. School districts around the state would also take sucker punches.

(Excerpt) Read more at mercurynews.com ...


TOPICS: Culture/Society; US: California
KEYWORDS: 113th; bayarea; california; defensespending; demagogicparty; partisanmediashills; sequester
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To: artichokegrower

What are Californians smoking, that they are optimistic about that sad state’s recovery?

If any state deserves to suffer, it’s the defunct Golden State: Land of Fruits, Nuts and Soaring Taxes.


21 posted on 02/24/2013 7:05:22 PM PST by txrefugee
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To: artichokegrower

why would they be upbeat??


22 posted on 02/24/2013 7:10:31 PM PST by GeronL (http://asspos.blogspot.com)
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To: AD from SpringBay
Did anyone tell the Californians they are finally feeling upbeat about where the state is heading?

Yep,...It's printed on the second page of the red light and speed camera tickets.

23 posted on 02/24/2013 7:11:46 PM PST by Navy Patriot (Join the Democrats, it's not Fascism when WE do it, and the Constitution and law mean what WE say.)
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To: Thank You Rush

exactly, accounting tricks are not revenue


24 posted on 02/24/2013 7:11:53 PM PST by GeronL (http://asspos.blogspot.com)
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To: artichokegrower
Just when Californians are finally feeling upbeat again about where the state is heading, here comes a fresh downer: The federal sequester cuts set to kick in this week could cost California billions of dollars and hundreds of thousands of jobs while making most of our daily lives more difficult.

If the economy relies on federal money, there is no reason to feel upbeat about where the economy is heading.
25 posted on 02/24/2013 7:16:43 PM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: Adder
Image Hosted by ImageShack.us
26 posted on 02/24/2013 7:18:04 PM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: FlingWingFlyer

Illegals don’t need to pay taxes. They’re so good hearted that they want to serve their fellow man for free. LOL


27 posted on 02/24/2013 7:24:24 PM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: artichokegrower; All

Awwww...

28 posted on 02/24/2013 7:50:51 PM PST by Rodamala
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To: artichokegrower

Kali is gonna suffer? Wait! Kali is “unique” and “special.”

What about all the other states jerkweed?


29 posted on 02/24/2013 7:58:03 PM PST by upchuck (nobama fact #69: For each job created by the nobama administration, 75 people went on food stamps.)
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To: Chode

DITO


30 posted on 02/24/2013 8:09:26 PM PST by squirt (POLITICIANS & DIAPERS NEED TO BE CHANGED, FOR THE SAME REASON)
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To: artichokegrower

So, there are really no cuts at all. All this is scare tactics coming from the White House, attempting to create a desperate crisis where none exists. Shall we now call the President Barak Drama Obama?


31 posted on 02/24/2013 8:14:32 PM PST by realcleanguy
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To: squirt


32 posted on 02/24/2013 8:15:24 PM PST by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -ww- NO Pity for the LAZY)
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To: Thank You Rush

The state is still 24 billion in the red. Such garbage from the San Jose Mercury


33 posted on 02/24/2013 8:15:40 PM PST by realcleanguy
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To: TigersEye

Nah - that won’t work. You need to go out by the Farralon islands to find what you are looking for.


34 posted on 02/24/2013 8:20:44 PM PST by fremont_steve
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To: artichokegrower

>Just when Californians are finally feeling upbeat again about where the state is heading<

Excuse me? What Californians would these be?

I don’t know any...


35 posted on 02/24/2013 8:21:47 PM PST by Califreak (11/6/12 The Day America Divided By Zero)
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To: realcleanguy
So who cares, California has been living a dream life for 50 years, now it is time to get real. Cut off at the pockets and let them swim in their own mess. I am tired of supporting those sun burnt nut cases.
36 posted on 02/24/2013 8:26:07 PM PST by BooBoo1000 (Some times I wake up grumpy,,, other times I just let her sleep.)
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To: fremont_steve

No sharks in the bay?


37 posted on 02/24/2013 8:31:27 PM PST by TigersEye (The irresponsible should not be leading the responsible.)
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To: artichokegrower

38 posted on 02/24/2013 8:32:56 PM PST by Lancey Howard
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To: TigersEye

Not unless some lawyer went and jumped off the bridge and managed to miss the netting. ;-)

Actually there are occasional sightings of sharks in the bay - but it is real rare. So rare that it makes then news usually.


39 posted on 02/24/2013 8:43:10 PM PST by fremont_steve
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To: fremont_steve
LOL OK.

Doncha have any crabs or something? An occasional school of barracudas swimming through?

(Oops, another unintentional lawyer reference.)

40 posted on 02/24/2013 8:53:44 PM PST by TigersEye (The irresponsible should not be leading the responsible.)
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