We were on break when the "Sequester" took effect and to be honest I did not even notice it. Why haven't I noticed it? Well the reason is the cuts may not have all started yet or perhaps the various agency and departments have not set their budgets yet. In all actuality this cut hurts the government first and the us later, if ever.
Those working for the government and are let off will be effected. Those that rely on research money from the government could be effected. The various agencies and departments that are funded will see their budget shrink and will have to adjust. But the average Joe The Plumber will probably not be effected. That is because this was a government budget cut that they didn't want. They want money to do things with and now they have less of it.
This had to happen. Our budget is to big and there is to much waste in every direction. But the problem with the sequester is that it did not fix the biggest problems which are the rising costs associated with Medicare, Medicaid and Social Security. The elephant in the room is that these need to be addressed if not our budget will continue out of control. We keep cutting discretionary spending and now cut military spending (both done by the sequester) but the biggest threats to our countries financial security are Medicare, Medicaid and Social Security costs.
Further Reading:
http://economix.blogs.nytimes.com/2013/03/08/the-sequester-and-fiscal-policy/
http://www.csmonitor.com/USA/DC-Decoder/2013/0307/Life-after-sequester-Does-federal-budget-have-1-trillion-in-fat-to-cut
Those working for the government and are let off will be effected. Those that rely on research money from the government could be effected. The various agencies and departments that are funded will see their budget shrink and will have to adjust. But the average Joe The Plumber will probably not be effected. That is because this was a government budget cut that they didn't want. They want money to do things with and now they have less of it.
This had to happen. Our budget is to big and there is to much waste in every direction. But the problem with the sequester is that it did not fix the biggest problems which are the rising costs associated with Medicare, Medicaid and Social Security. The elephant in the room is that these need to be addressed if not our budget will continue out of control. We keep cutting discretionary spending and now cut military spending (both done by the sequester) but the biggest threats to our countries financial security are Medicare, Medicaid and Social Security costs.
Further Reading:
http://economix.blogs.nytimes.com/2013/03/08/the-sequester-and-fiscal-policy/
http://www.csmonitor.com/USA/DC-Decoder/2013/0307/Life-after-sequester-Does-federal-budget-have-1-trillion-in-fat-to-cut