And, of course, the latest factor is sequestration. While some argue that sequestration has a “phony war” feel to it, people who know better, like Tim Delaney, CEO of the National Council of Nonprofits, would beg to differ. On March 1st, when sequestration went into effect, Tim noted, “Nonprofits are already severely depleted from doing so much more, for so many more, for so much longer, with so much less; they can no longer underwrite government’s failures.”
The point is that things have changed and, I believe, changed dramatically. In New York City, because of the pullback of government funding, it is unclear how we are, for example, going to pay for a social safety net or, for that matter, sustain it. And as I said earlier, when you have two million of your fellow citizens at or below the poverty line, well, that is a big freakin’ problem. And this is not only a New York City problem. According to the Census Bureau, we now have 49 million Americans at or below that poverty line.