7 types of people the sequester will affect
gregwest98 via flickr
Monday started the first full day of the $85 billion federal budget reductions that come from sequestration. The cuts could cut 750,000 jobs by the end of the year, according to the nonpartisan Congressional Budget Office.
Although it would possibly be shorter to create a list of who sequestration will not affect, here are seven specific groups to expect change, according to an article by National Journal.
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Cut less then 3% of growth in federal spending and the world comes crashing down. I don't think so.
Obama Koolaid.
They could probably just find another copy paper or toilet paper provider and cut the same amount of increased spending.
We have to remember that this not cutting the actual spending, but is cutting the allocated growth in spending.
In other words it's a situation of we planned to spend $800 billion more this year than last year, but the sequestration will only allow us to spend $715 billion more than last year.
Those of us who are happy to have a job cannot plan to spend more than last year until we actually receive the money from our employer. However the Gov't plans to spend more before they receive any additional revenue and adds to the Nat'l Debt if it isn't there.