Women Lost in the Debt Ceiling Deal
newdeal20.org — The debt ceiling debate has finally come to a close. We are clearly all better off in a country that doesn’t default on its debt because of self constraints and intense partisan bickering. But the deal that was struck and signed into law by President Obama that averted the default will have painful repercussions for many of the less well off and vulnerable. It calls for $2.4 trillion in spending cuts over the next 10 years, as well the creation of a bipartisan Congressional committee that will be charged with proposing another $1.5 trillion in deficit reduction. This is in exchange for a two-step increase in the debt ceiling, averting the chaos of a U.S. default. These cuts will harm many groups, but there are a number of ways they’ll hurt women specifically.