How Sequestration Could Spoil Your Day

by Alyssa Oursler | February 28, 2013 1:55 pm

NewLetters How Sequestration Could Spoil Your Day[1]Everyone ready for Sequester Friday?

It looks almost certain that Congress will fail to cut a deal that would prevent government-wide spending cuts. If no last-minute agreement is reached, more than $85 billion of spending will be trimmed from the federal budget in 2013 alone.

That’s a pretty big number.

Still, whether because of crisis fatigue or the simple fact that March Madness is almost upon us, most Americans really don’t seem to be freaking out.

Only a little more than half of all Americans believe the nation’s economy will suffer this year thanks to sequestration, according to a recent Gallup Poll[2]. On top of that, only 44% believe sequestration will harm their own finances, while a percentage point more think it won’t worsen their financial situation at all.

Individual situations aside, however, it’s clear that just about all Americans will indeed feel the effect of sequestration in one way or another. Here are the many ways Congress’ inaction could spoil your day:

Education

Defense

Health

Food

Flying

Other

The opinions contained in this column are solely those of the writer.

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Endnotes:
  1. [Image]: mailto:letters@investorplace.com
  2. according to a recent Gallup Poll: http://www.gallup.com/poll/160736/majority-says-sequestration-harm-economy.aspx?utm_source=add_this&utm_medium=addthis.com&utm_campaign=sharing#.US9uxZB8ALk.twitter
  3. Education Week: http://blogs.edweek.org/edweek/campaign-k-12/2013/02/sequestration_and_education_12.html
  4. According to NPR: http://www.npr.org/2013/02/23/172756961/a-sequester-primer-defense-transportation-and-the-economy
  5. according to The New York Times: http://www.nytimes.com/2012/09/15/us/politics/white-house-report-details-effects-of-automatic-budget-cuts.html?_r=0
  6. according to an NPR interview: http://www.npr.org/2013/02/28/173122958/ag-department-warns-budget-cuts-will-affect-food-inspetors
  7. will face furloughs: http://m.npr.org/news/front/7
  8. half a percentage point of GDP to be lost this year: http://bpr.berkeley.edu/2013/02/the-budget-showdown-sequester-face-off-continues/
  9. according to USA TODAY: http://www.usatoday.com/story/sports/2013/02/27/federal-budget-cuts-sequestration-flyovers-air-force-navy/1952415/
  10. according to Fox News: http://foxnewsinsider.com/2013/02/28/dates-and-details-what-impact-will-sequestration-have-on-america/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+FoxNewsInsider+%28Fox+News+Insider%29

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