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Add comment on:Fiscal cliff, sequestration threaten the nation's poverty and subsidized housing programs
The "fiscal cliff," which includes disastrous budget cuts that are scheduled to go into effect on January 2, 2013, resulting in an 8.2 percent across-the-board spending cut to the nation's discretionary nondefense programs, means that many federal programs affecting the working class, elderly, disabled and the poor will lose hundreds of billions of dollars in funding, during 2013.
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