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Obamanomics: Waging War on American Workers
In April 2011, Obama announced $4 trillion in largely social spending budget cuts over the next 12 years. In December 2010, with Democrats controlling both Houses, he extended Bush's super-rich tax cuts after saying he'd end them.
He also agreed to $38 billion in vital social services cuts after promising to preserve them. They include:
- $3.5 billion from Children's Health Insurance Program (CHIP) funding;
- $2.2 billion from nonprofit health insurance cooperatives;
- $600 million from community healthcare centers;
- $1 billion from HIV/AIDS, tuberculosis, and other disease prevention programs;
- $1.6 billion from EPA's clean/safe drinking water and other projects;
- $950 million from community development grants;
- $504 million from nutrition aid for poor Women, Infants, and Children (WIC);
- $500 million from education programs;
- $390 million from home heating subsidies to the poor, as well as $2.5 billion for the Low Income Energy Assistance Program (LIHEAP) announced in February;
- $350 million from labor programs, including grants for community service jobs for seniors;
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