For California’s K-12 districts and federally funded preschools, the “fiscal cliff” that is now consuming politics in Washington is more like a distant canyon.
The abyss refers to an across-the-board 8.2 percent cut in federal discretionary spending, including defense, that will go into effect Jan. 3 if President Obama and congressional leaders don’t reach a deal on taxes and spending to reduce the federal debt by $1.2 trillion over the next decade. Federal student loans, most child nutrition programs and the Children’s Health Insurance Program would be exempt from cuts.
via Fiscal cliff, with federal cuts, not imminent for school districts – by John Fensterwald.