Sequestration…Do you know?
Sequestration...what is it and who will it affect?
In a nutshell, Sequestration is a series of automatic, spending cuts to domestic and defense programs, totaling $1.2 trillion.
It's an attempt to get a handle on the growth of the U.S. national debt, which now stands at more than $16 trillion. The sequester has been in the making for more than a year and many Americans held their breath as the nation approached "the fiscal cliff", and exhaling with Congress pushing it back to March 1 at the end of the last session.
We held or breath as we approached the "fiscal cliff, and here we are once again, holding our breath in the final hours of waiting to find out if the government will come to an agreement over sequestration that is scheduled to take place tomorrow if no sgreement is reached. These major budget cuts wil not only have a huge impact on federal employees, every citizen will be impacted in some form or fashion.