From the still not grasping the concept department:
President Obama announced plans earlier this month to cut $1.1 trillion from the deficit over 10 years. But one proposed cut is causing deep concern among mayors and other local officials on both sides of the aisle — cuts to the longstanding Community Development Block Grant programs.
One way or another, the government is going to spend less money. That can either happen now when we can plan around it and hopefully avoid an economic collapse or we can keep putting it off and have a nice financial apocalypse.
Your choice.