President Barack Obama is proposing to reduce the Social Security cost of living adjustment. And the president is also putting cuts in Medicare benefits on the negotiating table. But Social Security keeps vast numbers of seniors out of poverty, and Medicare is vital to keeping many people alive. At this historic moment, a principled position would be to commit to fully defending Social Security and Medicare benefits, as well as the federal Medicaid program that funds Medi-Cal in our state. But the North Coast’s new congressman, Jared Huffman, has been hedging.
Local government officials are scrambling to assess the impact — still largely unknown — of the $85 billion in federal spending cuts due to begin taking effect Friday.
The air traffic control tower at Sonoma County’s regional airport may be shut down if the nation’s elected leaders can’t reach a budget deal by Friday, a scenario some fear could limit commercial passenger flights in and out of Santa Rosa or halt them entirely.
If the country heads over the fiscal cliff Tuesday, Californians will be slapped simultaneously with a slew of federal tax increases and higher state income and sales taxes from Proposition 30. Absent a last-minute deal, the federal tax increases alone will hit the average family with more than $3,500 in higher taxes in 2013.