The subject of a recent episode of the NBC comedy series “The Office” was about a doomsday device created by devious employee Dwight K. Schrute (played by Rainn Wilson). If his fellow co-workers committed five errors in a single workday, the device was wired to send an email to their CEO with information likely to result in the staff’s firing.
In the case of today’s long-term deficit-reduction negotiations in Congress –- currently being deliberated by the Joint Select Committee on Deficit Reduction, or “super committee” –- Congress is Dwight, Nov. 23 is Dwight’s 5 p.m. (the sequester deadline, i.e., the trigger mechanism that would make $1.2 trillion across-the-board cuts), and both scenarios can be nipped in the bud by their respective creators.
Time is running out for the super committee, appointed to cut at least $1.2 trillion from the federal deficit over the next decade, and if — as many news outlets are predicting — they fail to come up with a solid plan within the next nine days, Congress will plan to slash $600 billion from defense spending and $600 billion from domestic programs excluding Social Security and Medicaid, including cuts to Medicare payments to hospitals and other providers, come the 2013 budget.
The American Independent recently reported on how certain GOP presidential candidates’ proposed tax-policy plans would disproportionately affect women, who tend to earn lower wages and depend more on entitlement programs than men. This week, TAI takes a look at how the super committee’s proposal could disproportionately impact women.