Congress and the White House are clashing over the federal budget. Congress is considering serious cuts in funding for all public broadcasting. Since January, three bills have been introduced in the U.S. House of Representatives to cut or eliminate the $430 million currently allocated for the Corporation For Public Broadcasting (CBP). Pending a vote in congress this week, the Public Broadcasting System (PBS), considered by the public to be the second-best use of taxpayer dollars (outranked only by defense spending ), could cease to exist.
$60 billion dollars in new deficit spending.
That’s the amount the Heritage Foundation, a public policy research institute based in Washington D.C., estimates the Senate bill to reauthorize the State Children’s Health Insurance Program (SCHIP) will have added to the U.S. budget deficit over the next decade [1-2]. Under the bill, funding will drop sharply in 2013 (see the graph below). Assuming a 6% annual spending increase will be required to maintain current enrollment from 2012-2017, the program will require $84.3 billion rather than the $25.6 billion included in the bill.
The House bill has an even greater cost. According to the Congressional Budget Office (CBO) and the Joint Committee on Taxation (JCT), the U.S. House of of Representatives SCHIP bill would add $72.9 billion dollars to the U.S. budget deficit for the 2008-2017 period .