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Wednesday, February 9, 2011

Obama reportedly seeks cuts in heating oil aid

What a Grinch. - Spy on America.

President Obama is planning to request that funding for heating oil aid to the poor be cut in half in his upcoming budget proposal, according to several news reports.

The president would seek to reduce the Low Income Home Energy Heating Assistance Program from the current funding of $5.1 billion to $2.6 billion, the Associated Press said, citing a source familiar with the budget discussions. Obama is expected to release his overall budget proposal on Monday. It would cover the fiscal year that begins Oct. 1.

Advocates for the poor consider the program a lifeline to struggling homeowners in the winter. So far this season, Massachusetts has received $173 million; the poorest households in the state would receive $1,050 to help pay their heating bills. About 200,000 Bay State households qualified for the aid last year.

Senator John F. Kerry wrote the president today to express his concern over possible cuts.

"I’ve always supported serious efforts to restore fiscal sanity, but in the middle of a brutal, even historic, New England winter, home heating assistance is more critical than ever to the health and welfare of millions of Americans, especially senior citizens,'' the Massachusetts Democrat wrote.

"Families across Massachusetts, and the country, depend on these monies to heat their homes and survive the season,'' Kerry wrote. "It is estimated that over 3 million families that qualify for heating assistance would not receive it if the funding levels are not maintained."

Struggling homeowners are caught in a vertex of difficulties, with heating oil prices rising, temperatures tumbling, and the economy still stuttering. Before a recent dip in prices, crude oil had been trading near two-year highs. It closed today at about $87 a barrel in New York commodity markets.

President Obama and members of his administration have warned that cuts would be painful and would target programs he supports but are essential to slow the ballooning national debt


http://www.boston.com/news/politics/politicalintelligence/2011/02/obama_reportedl_5.html
Conservative Political News Blog Source Site and Talk Radio

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