Forbes April 2, 2025
Signs of a potential recession this year have been flashing in recent weeks. This may be partly a function of the natural business cycle. Nevertheless, mass layoffs throughout the federal government, along with the likelihood of cuts to programs such as Medicaid, could also be contributing to an economic downturn. A Commonwealth Fund study released last month suggests that large reductions in Medicaid and the Supplemental Nutrition Assistance Program (formerly known as Food Stamps) expenditures may result in one million jobs lost by 2026. By eliminating an estimated 11.8% of Medicaid funding and as well as 20.6% of SNAP benefits, this could cause a ripple effect throughout the United States economy.
House Republicans passed a budget plan last month that...
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