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Despite the recent cold weather and snow storms, summer is quickly approaching which likely means higher energy prices. Nebraskans will not only feel the pain at the gas pump, we could face higher home electric bills, and pay more for just about every product because of higher transportation and production costs.
Earlier this month, President Obama released his budget even though it was due on February 4th. While the House and Senate have already passed 10-year budget resolutions and the President’s proposals have little chance of being enacted, it is a revealing look at his priorities and vision for America. Of particular interest to Nebraskans is how the President’s proposals would affect agriculture, the backbone of our local economy.
Last month, spending cuts took effect to reduce spending by $1.2 trillion over 10 years as agreed to in the Budget Control Act of 2011. These cuts, also known as the “sequester” were accompanied by dire warnings from President Obama and others about the catastrophic impacts reducing government spending would have on our economy and safety. Thankfully, these predictions have so far proven to be overstatements, and most Americans have seen little or no changes in their daily lives.