Federal Budget
Shortcut Navigation:
Change Text Size: A A A

Federal Budget

SHARE: 
Print

Federal budget debates remain contentious despite nearly $5 trillion in deficit reduction being achieved in recent years. Over three-fourths of this has occured through spending cuts, particularly in discretionary programs such as those of the Older Americans Act, Falls Prevention, Housing Counseling, Section 202 Housing for the Elderly, the Low-Income Home Energy Assistance Program (LIHEAP), Senior Corps, and the Social Services Block Grant (SSBG).

More cuts are looming and Medicare and Medicaid are still on the table.

Protecting Vulnerable Seniors

Reining in the federal budget is important to our nation’s economic future and requires shared sacrifice in spending reductions and increased revenues.

But program cuts should not be made at the expense of economically disadvantaged seniors and other vulnerable Americans. Due to the recent economic downturn, more seniors than ever need assistance and support to make ends meet.

Funding for seniors programs, including the OAA, is a cost-effective investment. Empowering seniors to remain healthy and economically secure in their own homes and communities reduces spending on more costly entitlement programs.

Every $1 provided to the aging services network also is leveraged by nearly $3 in non-federal support.

Cuts to Medicare and Medicaid that would increase out-of-pocket costs are something vulnerable seniors simply cannot afford.

FY15 Proposals

Background

Leadership Council of Aging Organizations (LCAO)
This coalition of 69 national aging organizations continues to weigh in on several aspects of the budget debate with issue briefs, fact sheets and correspondence to Congressional and Administration leadership.

Center on Budget & Policy Priorities (CBPP)
CBPP provides information about the budget process, as well as analyses of proposals, with a focus on the impacts to programs and services for low- and moderate-income families and individuals.

Bipartisan Policy Center (BPC)
The BPC actively promotes bipartisan policymaking, and its Economic Policy Project (EPP) focuses on federal debt, deficits, and budgeting.

Effects of the Sequester

I

want to sign up

Get the latest news on health, economic security, and advocacy for older adults.

Sign Up

Need Help?

Having trouble paying your bills?

Get a free BenefitsCheckUp® to see if you qualify for help paying for medicine, food, utilities, and more.