Lots of hesitation over sequestration

February 23, 2013 

T he sequester was supposed to have landed about two months ago – back in December, we called it the “fiscal cliff.” But, in typical fashion, Congress pushed the pain forward to March 1. So now, $85 billion in automatic spending cuts will go into effect next Friday, unless Congress puts it off again. Congress doesn’t want to make these across-the-board cuts now, but it voted for them in the summer of 2011 as an undesirable incentive to come up with a better plan. Of course, it didn’t come up with a better plan. Confused? You’re not the only one.

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