LOCAL NEWS:
KEYWORD

Effects of federal budget cuts already being felt



Sequester cuts are starting to take effect. The first sign is long lines for security at O’Hare Airport. “We are already seeing the effects at some of the ports of entry, the big airports, for example. Some of them had very long lines,” says Homeland Security Secretary Janet Napolitano.
Coming soon will be cuts to subsidized flights in Decatur, Marion and Quincy, says U.S. Sen. Dick Durbin (D-Ill.). “Within two weeks, we will announce cutbacks in air service in Illinois. Some Downstate airports may be forced to close, and if this continues, they will be [forced to close] in the out years. That will have a direct impact on the economy of Downstate, and people will finally say, ‘so that’s what sequestration is all about,’” Durbin said.
Sequestration will cut $85 billion in federal spending this year, and $1.2 trillion over 10 years. Half must come from domestic discretionary programs, and half from the military. Flights to Decatur, Marion and Quincy are subsidized to the tune of $7 million annually under the Essential Air Service program. Durbin suggests cuts that are easier to make than the indiscriminate cuts required under sequestration: Direct support payments to farmers, worth $5 billion per year, and a $32 billion subsidy, in the way of government-backed student loans and grants, to for-profit schools.

(posted 3/7/13 by llinois Radio Network/Christian Spain)

 


Filed Under :  
Topics : Business_Finance
Social :
Locations : Illinois
People : Dick DurbinJanet Napolitano

New law increases penalities for violent flash mobs

IDES website available in Klingon

Lottery issues bad checks to prize winners

Winner in last night's Powerball drawing

Lottery jackpot grows

Email indicates Rutherford's intent to run for governor

Vote on conceal carry bill in Senate delayed

Illinois has new ways to renew licence plates

Union takes second vote on contract

Senate Passes Medical Marijuana Legislation

Springfield Police Stop In-Progress Robbery

Motorcycle, Pickup Collide in Cass County

Universities, Community Colleges Reach "Cost Shift" Deal

Widely Panned Concealed Carry Measure Advances

Springfield Man Arrested for Child Pornography

Arrest Made in Sunday Renfro Shootings