Decisions have consequences, and in the current debate over how to avert the “fiscal cliff,” the consequence of failing to reach an agreement is “sequestration.”
The dictionary definition of sequestration is “to isolate or hide away (someone or something).” In Washington parlance, sequestration refers to the dramatic cuts in federal spending that are set to kick in automatically at the beginning of January. These reductions would total $1.2 trillion over the next decade, starting with about $50 billion in Pentagon spending and another $50 billion in non-defense spending.
Sequestration — a threat less than a month away
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Sequestration — a threat less than a month away
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Sequestration — a threat less than a month away
