Today, U.S. Rep. Ed Perlmutter (CO-07) released the following statement about the U.S. economic growth this year.
Home sales are up and housing values are up, consumer spending is strong, jobs are being added, the debt is being paid and the stock market is surging," said Perlmutter. "These are important measures which will boost confidence and certainty for consumers and businesses alike as the United States continues leading the world on a path toward more economic stability and security.
There is work we still need to do to pass a budget prioritizing job growth and critical investments in infrastructure that fulfills our commitment to provide the resources necessary to serve the hardworking people in our neighborhoods and communities.
I support a responsible, balanced approach to our budget. By closing tax loopholes and changing tax benefits that overwhelmingly benefit the wealthiest millionaires and billionaires, we can balance our national budget and pay down the debt in order to invest in the priorities of our country. I urge House Republican leadership to appoint budget conferees so we can work together to ensure we have a stable and secure economy built to last."
Examples of impacts of the arbitrary Sequester budget on Colorado:
Cuts are being felt by small biotech companies who are losing funding to support critical research jobs which would lead to faster FDA approval and more private venture capital. The innovative work they are doing will save lives, reduce medical costs, and our investment and support is necessary to bring their product to market.
Cuts are also being felt by our most vulnerable senior citizens, domestic violence victims, and children because they are losing resources like helping ensure they can access education services, get to doctor's appointments, have safe places to live, and food on the table. All of these are basic needs for us to live safe, healthy and dignified lives.
· Colorado will lose approximately $8.4 million in funding for primary and secondary education, putting around 120 teacher and aide jobs at risk. In addition about 12,000 fewer students would be served and approximately 40 fewer schools would receive funding.
· Colorado could lose up to $109,000 in funds that provide services to victims of domestic violence, resulting in up to 400 fewer victims being served.
· Colorado would lose approximately $720,000 in funds that provide meals for seniors.