The Debt Deal and Struggling Nonprofits: A Real Satan Sandwich? | onPhilanthropy

The Debt Deal and Struggling Nonprofits: A Real Satan Sandwich? | onPhilanthropy: "While the much-criticized “deal” to forestall the United States’ defaulting on its bonded debt obligations did avoid a take-down of the charitable deduction in the tax code, nonprofits and those who support them can hardly take comfort from the Tea Party’s grand bluff of the President and his Democratic allies in Washington. That’s because after three years of continued economic uncertainty and the inevitable cutbacks to nonprofit programs at the state and local levels that often reflect fewer Federal dollars over the long run, the Path ahead still looks rocky indeed."