Thursday, February 21, 2013

Sequester 101: What happens if cuts kick in March 1 and four other questions

Although it may have happened I can't remember a time when the federal government wanted to cut spending. A cut was said to occur if a there was a reduction in spending increases. Not logical, but that was Congresses thinking. 3-minute video.

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Bruce

'Come March 1, the government cuts that nobody in Washington thinks are sensible are set to take hold. Welcome to the “sequester,” $85 billion in spending cuts poised to hit nearly every function of government and affect virtually all Americans.The sequester is a complex concept with a tortuous history. Here are the basics on the automatic spending reductions set to come.'

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