Here's a good article about sequester.
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Bruce
'The Obama administration warned us it would be catastrophic. Sequestration would mean the loss of police officers, firefighters, teachers, soldiers, air control towers and shipyards…you name it.
Now that sequestration is here, President Obama says it’s “dumb” but it’s “not going to be an apocalypse.”
Obama and House Speaker John Boehner failed to find an alternative to the sequester during a last-ditch meeting today, so $85 billion in automatic spending cuts are scheduled to begin to kick in at the end of the day.
Obama again blamed Republicans, even though he originated the idea.'
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