Record number of Americans on government assistance – Austerity measures may cut off aid to millions
NEW YORK (CNNMoney) — One in six Americans is receiving help from the government, just as fiscal austerity threatens to reduce some of that aid. Soaring unemployment during The Great Recession has driven tens of millions of people to the dole. Enrollment in Medicaid and food stamp programs are at record highs, while unemployment insurance rolls remain at elevated levels. Many people depend on more than one program. But as President Obama and lawmakers fiercely debate budget cuts to reduce the country’s $14 trillion-plus debt, some of those lifelines could be at risk. House Republicans are looking to revamp and slash funding for many programs, including Medicaid and food stamps. House budget committee leader Paul Ryan proposed a budget last week that, among other things, would convert Medicaid and food stamps into block grants — a move that some say would reduce benefits for the needy. And on Wednesday, President Obama is expected to push back on Ryan’s proposals. If House Republican plans are approved, millions of people who rely on one or more of those programs could lose access to vital services. …