New IWF study shows loss of $3.3 billion in federal aid and 26,000 jobs in 2013-14
If Wisconsin Congressman Paul Ryan’s approach to budgeting became U.S. law, Wisconsin would lose about $3.3 billion in federal spending in the next two years, with a resulting loss of about 26,000 full-time jobs.
Medical assistance programs would suffer most under the Ryan budget, with $1.7 billion cut in 2013 and 2014 compared with current law. That’s enough to keep more than 400,000 adults off Wisconsin’s BadgerCare program.
Income security programs—including food stamps, child nutrition and housing assistance—would lose more than half-a-billion dollars in 2013-14. Over 70,000 households would lose food benefits next year.
Those are conclusions from a new IWF analysis of Ryan’s budget: Which path leads to prosperity? The report details both the statewide impact and the effects on each of Wisconsin’s 72 counties.