Knowing Your Government: What Does Sequester Mean To Me & My Family

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    us-capitalThe sequester was enacted during the bitter 2011 debt ceiling negotiations and is a part of the Budget Control Act.

    Simply put, sequestration is the cancellation of budgetary resources — an “automatic” form of spending cutback.

    The debt ceiling was raised in 2011 in exchange for 1.2 trillion in spending cuts, which were to be determined by a bipartisan group of senators and representatives, a ‘super committee’, in 2013.

    If no deal is reached by this committee then automatic, across the board cuts of 10% will go into effect.

    Read: Knowing Your Government: What You Should Know About The State Of The Union Address

    The programs the public is  most concerned about  Medicare, Medicaid, nutrition assistance are, for the most part, spared the budget axe. The cuts are automatic, across-the-board reductions to all discretionary programs unless exempted by the BCA.

    What is included are deep cuts in military spending.

    Take a look at the chart below .  It lays out clear numbers of what will get cut.

    ED.sequestration.cuts.FY13

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