What About Sequestration?

Months ago, the Congress, in a clear attempt to kick the budget can down the road, agreed on something called "sequestration," an arrangement in which eventually a trillion dollars in spending would be cut from the budget, half of it from the military, if Congress can't come up with a new budget by January.  As the dreaded date approaches, military contractors and their Congressional friends are screaming bloody murder, but we should be aware that an equal half-trillion dollars will be cut from domestic programs: air traffic control, meat inspections, education, etc.  This article helps get us up to speed on this looming subject.  We'll hear more about "the fiscal cliff" especially in the lame duck session. You can read about it in the post above this.

http://www.nytimes.com/2012/06/22/us/politics/pentagon-gets-attention-but-planned-cuts-range-far-and-wide.html?_r=1