Yes, both of these programs are valuable when considered by themselves. No one can argue against their individual importance. However, the reality is there are not sufficient funds to support these programs at their previous levels. Supporting one program fully will mean cuts for another program.
I fully expect more of these trade offs in the coming years as the government introduces more programs for the benefit of the citizens. For every program that maintains or gains benefits, there will be equal reductions in other existing programs, because government spending is grown faster than our economy. Also, as University of California students are discovering, the "tax increases" won't be just for the rich.
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This is not financial, tax or policy advice. Please consult a professional advisor.
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