With $3 billion in federal money flowing to the Quad-Cities every year, Washington, D.C.’s reach here is significant. Now, the federal government is poised to grab back some of that money.

There are only a few weeks left for Congress and the White House to strike a deal before automatic spending cuts and tax increases go into effect — an event dubbed the “fiscal cliff.”

Much of the money that lands in the Quad-Cities is off limits, such as Social Security, Medicare and veterans benefits, Pell grants, Medicaid, children’s health insurance and federal aid to highways. But a lot of programs are exposed, too: education, human services and defense, to name a few.

Add to that, looming tax increases. Today, Quad-City Times reporter Ed Tibbetts examines several areas to gauge the potential local impact. Much is still unknown, and many think the image of a cliff is too stark. It’s more like a fiscal slope, they say, with the impact to be felt gradually.

Whatever the case, everybody has a stake.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.