One item in the White House's proposed budget for fiscal year 2012 will halve funding for the Low Income Home Energy Assistance Program. Its allocation will be reduced from just over $5 billion to $2.5 billion.
Roughly 8.3 million people used the program last year. Its target population is the elderly and the disabled. It is estimated that the reduction would amount to 3.1 million households going without assistance on heating and cooling costs.
Overall the Obama budget produces $25 billion savings over 10 years.
The cost of extending the Bush tax cuts
for those earning over $250, 000 is $700 billion over 10 years
The projected cumulated shortfall
in the Obama budget is $7,200 billion over the next 10 years
Roughly 8.3 million people used the program last year. Its target population is the elderly and the disabled. It is estimated that the reduction would amount to 3.1 million households going without assistance on heating and cooling costs.
Overall the Obama budget produces $25 billion savings over 10 years.
The cost of extending the Bush tax cuts
for those earning over $250, 000 is $700 billion over 10 years
The projected cumulated shortfall
in the Obama budget is $7,200 billion over the next 10 years
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