Essay about Finicial Effect

Submitted By devildogsgt5
Words: 562
Pages: 3

Cause/Effect
Topic: Financial Crisis

As the recovery from the financial crisis seems fragile; now, with sequestration taking effect will this drive the national debt higher or will this force our government to play nice and get this country back on its feet.
As the recovery from the financial crisis seems fragile, now with sequestration taking effect will this drive the national debt higher or will this force our government to take steps to get this country back on its feet. With mandatory budgets cuts going into effect on March 1, a vast range of government services and millions of people, are going to feel these effects.
The Defense Dept. faces up to 46 billion dollar loss in funding, which could open this country up to terriost attacks. Naval ships maybe delayed on their deployments which could result in less attack forces patrolling the waterways. Our troops will not lose any of their pay furthermore up to 800,000 military civilian employees could be laid off in April. Servicemen and women who have lost their lives during combat could see burial delays at Arlington National Cemetery.
With the looming budget cuts, 9 percent of unemployed workers collecting unemployment benefits will not receive them. More than 100,000 formerly homeless people would lose their current housing. About 125,000 low income families would be at risk of losing their housing due to cuts in rental assistance.
373,000 seriously mental ill people would lose care with these cuts. Less food would be tested by the FDA. Thousands of people who need HIV medication would not receive this medication under the current budgets cuts, over 400,000 HIV test would be on the chopping block as well.
These cuts will also have major impacts on state funding from Public Health, Law Enforcement grants, Child care reduction. National Parks will see several campgrounds and picnic areas closed, which could result in over 300,000 visitor reduction and loss of revenue for those states. Several states have already made cuts to sustain and keep programs in place; with these looming cuts states are going…