Hosted by Dailymotion. For legal issues report at the Copyright Center, report us on DMC, or use the Instant Removal tool.
Teachers fear US spending cuts backlash
5 Views • May 15, 2012
Description
The gathering on Saturday came as US congressional leaders met to discuss ways to avert a potentially damaging debt default.
Since the recession, spending on education has suffered as state and local governments cut costs to compensate for reduced revenue and balance their budgets.
"It has affected education for years and years, having our allocations cut for years, decades already, and if you think about running your own household, like that, there's only so much cutting you can do," said Monica Severa, a teacher.
Teachers are being especially hit hard in their pocketbooks, and with congress threatening major spending cuts in any debt ceiling plan, educators fear it will only get worse.
Some teachers are demanding that the government get rid of tax breaks for big companies and devote more funding to public education.
But even if a default is avoided, there is the danger that one of the credit agencies will downgrade the US debt.
That will mean that state and local governments will have to pay higher interest rates to borrow money to fund their school systems. Higher interest rates could mean further cutbacks.
Al Jazeera's Roger Wilkison reports from Washington.
More from User
Why are people turning to social media for financial advice?
Al Jazeera English
Will Israel stop using communication blackouts in Gaza as a weapon of war? | The Stream
Al Jazeera English
1M followers for 13-year-old gamer killed in Israeli attack
Al Jazeera English
Saudi Arabia: Playing the long game | The Listening Post
Al Jazeera English
What's the connection between Special Olympics and social change? | The Bottom Line
Al Jazeera English
Beyond the Atlas Lions: Morocco's aspiring footballers | Al Jazeera World
Al Jazeera English
Related Videos
BUSINESS DAILY - Markets nervous as debt ceiling deadline nears
FRANCE 24 English
Debt ceiling deadline expires at midnight
Reuters
'Treating this like a game': Psaki blasts GOP as debt ceiling deadline nears
White House press secretary Karoline Leavitt
'Treating this like a game': Psaki blasts GOP as debt ceiling deadline nears
White House press secretary Karoline Leavitt
Women in the Wind: Morocco's rural teachers | Al Jazeera World
Al Jazeera English
'The Logic Escapes All Of Us': Neal Mocks GOP's Debt Concerns While Pushing To Raise Debt Ceiling
Forbes Breaking News