Economic Impact on Children

While most Americans are breathing a sigh of relief that the debt-ceiling ‘crisis’ is over, the damage it could cause to U.S. children may be just beginning. Few mainstream economists believe the bill signed by the President will do anything to jumpstart a sluggish economy or create jobs. That means a continuing rapid rise in child poverty rates, and with that, more children and youth will be lost in “the system”. And with the deal’s commitment to cut trillions more in federal spending in the coming decade, it’s unimaginable that children will be spared even more cuts.