There's something I've been hearing about, and it scares me to death.
Of course everyone knows about the subprime mortgage collapse, and how it's driving families out of their homes across the country, and especially in California, where property values had risen so sharply in previous years. The Central Valley now has one of the highest rates of mortgage defaults in the country, and we have seen the recent market fall disproportionately affect women and children.
Now we're starting to hear that the housing market fall is just the tip of the iceberg when it comes to our national economy.
This article and this video have me really wondering about where we'll be in a few years, as a nation. I have no desire to raise my daughter during a second Great Depression.
It's not just the matter of economic instability and collapse, either. What happens to women's rights when people are worried about simply getting food on the table each day? Maslow's Hierarchy of Needs suggests that concern about civil rights goes out the window when people have more immediate needs to worry about. It isn't just women who have to worry; all workers' rights take a hit when the supply of workers is greater than the demand.
Is this part of what we're seeing in our current state budget crisis and the decision to cut programs for some of our state's neediest people?
The Governor's May budget revise will be released on the 14th, and is expected to show a deficit of up to $20 billion. Governor Schwarzenegger is also expected to suggest additional budget cuts at this time, on top of his current proposals to remove some low-income children from the CalWORKs rolls, slash funding to local schools by $443 per student, and reduce grants to disabled women!
Fewer than half of families in California can afford the basics of housing, child care, food, health insurance and transportation. A family of four needs to earn $72,000 a year, more than three times the federal poverty level, just to make ends meet. Single-parent families, most often headed by women, have it even worse.
The state legislature is still debating on how to balance our state budget, and has until June 15th to get a budget to the Governor. With a 2/3 majority needed to pass the budget, every vote is needed! Tell your State Senator and Representative to help ensure that we don't put the weight of fixing our budget crisis on the backs of poor women and children.