5 ways gov't cuts may hit your wallet
Grocery store, airport are two places people may notice changes
The clock is counting down to a series of forced government spending cuts set to kick in on Friday. But what does the debate in Washington really mean to you?
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<b>--SUPERS</b>--</p><br /><p>:27-:31</p><p>Mark Kennedy</p><p>George Washington University</p><br /><p>:42-:51</p><p>Karin Caifa </p><p>Washington</p><br /><p>1:01-1:07</p><p>Karin Caifa </p><p>Washington</p><br /><p>
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</p><p>The clock is counting down to a series of forced government spending cuts set to kick in on Friday. But what does the debate in Washington really mean to you? Karin Caifa (prono: KAY-fuh) has five ways it could impact your bottom line at home.</p><br /><p>
<b>--REPORTER PKG-AS FOLLOWS</b>--</p><p>THE MOST UNLIKELY OF BUZZ WORDS…</p><p>"<i>sequester"</i></p><p>"replace the sequester"</p><p>"sequester" </p><p>"Most people don't even know what the word sequester means"</p><p>…REALLY TRANSLATES TO 85 BILLION DOLLARS IN FORCED GOVERNMENT SPENDING CUTS... WITH POTENTIAL EFFECTS FROM THE GROCERY STORE.. TO THE AIRPORT.</p><p>SO HOW DID WE GET HERE? MARK KENNEDY OF GEORGE WASHINGTON UNIVERSITY SAYS IT'S AS SIMPLE AS TWO CLASHING VIEWS ON HOW TO SHAPE UP THE NATION'S FINANCES.</p><p>
<i> "One side views we ought to raise taxes, the other side views we ought to cut spending."</i>
</p><p>--SOME OF THE WAYS YOU'D NOTICE THE CUTS -- START AT THE SUPERMARKET. A CUT TO FOOD SAFETY PROGRAMS WOULD SLOW INSPECTIONS OF CHICKEN, EGGS, BEEF, AND PORK...LESS SUPPLY AND HIGHER PRICES. </p><p>--IF YOU'RE PLANNING TO TRAVEL FOR SPRING BREAK OR THE BUSY SUMMER SEASON, POTENTIAL FOR LONGER AIRPORT SECURITY LINES AND FLIGHT DELAYS.</p><p>FEDERAL FURLOUGHS COULD MEAN FEWER EMPLOYEES AVAILABLE FOR SCREENING AND CUSTOMS... </p><p>--AND THOSE LOOKING FOR A CHEAP GETAWAY AT A NATIONAL PARK COULD FIND SOME AREAS SHUTTERED.</p><p>--ON UNIVERSITY CAMPUSES LIKE THIS ONE, CUTS TO SOME FEDERAL STUDENT AID PROGRAMS AND RESEARCH FUNDING. </p><p>--AND FOR THREE-POINT-EIGHT MILLION AMERICANS, WEEKLY UNEMPLOYMENT BENEFITS SLICED BY ABOUT 10 PERCENT. </p><p>WHILE THE CUTS ARE CAUSE FOR SOME CONCERN, THEY ARE NOT A CAUSE FOR IMMEDIATE PANIC, DESPITE THAT MARCH FIRST DEADLINE ON THE CALENDAR. MOST OF THE CONSEQUENCES WON'T TAKE PLACE TOMORROW, BUT ROLL INTO EFFECT OVER THE NEXT FEW MONTHS. </p><p>IN WASHINGTON, I'M KARIN CAIFA. </p><br /><p>
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