I keep reading that sequestration is greatly exaggerated and that the cuts coming from sequestration are really nothing to worry about. Who is doing all this prediction? Why Republicans of course. The White House is being accused of fear-mongering and creating hype and a sky is falling environment. Why would Republicans say that? Probably because they know what caused this impasse. It all goes back to the brinkmanship of the debt ceiling crisis in July 2011. The sequester was a compromise reached so budge the house Republicans who would not vote to raise the debt ceiling. The alternative was to default on our debts.
The defense cuts are just one side of the sequester. There are also looming cuts that will impact our daily lives.
A state by state report warns of the following if sequestration happens this Friday. According to the Washington Post:
In the Washington region, hub of the federal government, the upcoming automatic spending cuts the Obama administration detailed Sunday would strike a tough blow, with nearly 150,000 civilian Defense Department employees facing furloughs and an estimated average loss of $7,500 in pay.Read More
