Sequestration is just another fancy word for austerity. The lower classes have money the financial oligarchs want and it's time for the latter to "cull the herd."
Read this article from the WSWS: www.wsws.org
Contrary to the WSWS, which is obviously too left-wing, I think the whole point of getting "government" involved in everything in the first place (beginning in the 1930s and especially in the 1960s) was to weaken communities and more traditional support mechanisms. The idea was to get local communities addicted to governments funds instead of building a stronger and stronger economic base...and then cut that support at a later date and watch the whole system implode. That's globalization in a nutshell. Local indepedence vs. globalist financial oligarchs.
The government is currently operating under the Continuing Appropriations Resolution, which provides funding through March 27, 2013
for all Government agencies. It was signed by President Obama on September 28, 2012. It is in lieu of a formal Budget written by
Congress for the new fiscal year which began October 1, 2012. A Continuing Resolution provides funding for existing federal
programs at current, reduced, or expanded levels.
This Resolution means that Sequestration really does not change Government spending from October 1, 2012 until March 27, 2013.
The harsh terms of the Sequestration will take effect after that time.
The Sequestration is part of the Budget Control Act of 2011, which was signed into law by President Barack Obama
on August 2, 2011, during his first term as President. The main purpose of the Budget Control Act of 2011 was to deal with the
US debt-ceiling crisis, which, if not extended, would have let the US default on its debt on August 3, 2011. (Default means
not paying the money that became due on August 3, 2011 to those who lent money to the US Government.) We all went
through this calamity with the Fiscal Cliff.
The part of the Budget Control Act of 2011 that is effecting us now involves the Act's introduction of several complex mechanisms.
One of them is the automatic budget sequestration. This automatic budget sequestration proposed a compulsory trigger that
would go into effect if another agreement was NOT made on tax increases and/or budget cuts.
The intent of the Budget Control Act was to secure commitment of both sides of Congress to future Budget negotiation. The
enforcement mechanism of the act, called the Sequester, would be unpalatable to Republicans and Democrats alike.
President Obama agreed to the plan.
As we have seen, there has been no commitment or agreement yet, as of today.
But the Continuing Appropriations Resolution signed by Obama ensures that until March 27, 2013, nothing has to
change as far as Government Budget and spending goes. Letting prisoners out of jail and sending pink slips to
teachers and furloughing non-military workers is a bit premature and theatrical.
After that time (3/27/13), there will be a mandatory $85 Billion Cut in Government Spending. It will slash most Government
Departments, but more than half of that Money, $46 Billion, will come out of the Pentagon's spending for this year.
In 2013, with the effects of the wars in Iraq and Afghanistan, and the nations young men and women either being in harm's way,
or giving their lives for freedom, or home trying to cope with the inflicted scars of war, this heavy blow to the military makes
an intended visible impact.
And it shows that Obama made the potential Sequester bite as hard as possible in order to avert the Sequester and have
Congress pass necessary bills to enact new spending rules. Remember when Obama told the Russian diplomat that he
would have more flexibility in his second term?
This is a quote from General Odierno, Army Chief of Staff, from his reports to the Congress House Appropriations Subcommittee
on Defense, February 26, 2013. It shows how hard the cuts to the military will hit the armed forces.
"....our Soldiers, our young men and women, are the ones who will pay the price, potentially with their lives."
Below is part of Interview of General Odierno (GO) as he is being questioned by Charlie Rose (CR), and Nora O'Donnel (NO), on the
CBS Morning Show, 3/1/13. It shows how the military is absorbing the hardest blow of the cuts. He tells them how targeted
the cuts to his budget are, as a result of the Continuing Resolution and the Sequestration. He also shows the threats to our National
Security by our present Government, by never enacting and putting into place a Fiscal Budget.
NO: You have called this fiscal uncertainty the greatest threat to our Nation Security? Really? Greater than Al Qaeda, greater
than cyber warfare?
GO: The bottom line is if we continue to not be able to have a plan, we are supposed to build a five-year plan for our budget.
I cannot do that right now because we keep going through Continuing Resolutions. We have no certainty in what our money is going
to be. So we are wasteful, we are inefficient, and we can become more ineffective with our dollars. And I think people
watch this, and wonder what are we doing?
NO: We have heard from Congress though, Congressman Duncan Hunter, of accusing the Defense Department of adding
drama to this whole debate. What is your response to that?
GO: Well, what I would say is right now, I got a briefing last week on our cuts. Right now I have to come up with the money.
I can't find it yet. And I have not found it all yet. And right now we are furloughing 251,000 civilians; we are laying off about
8,000 people; I can't train 80 percent of my units; and I still have not found enough money yet that will pay the bills in 2013.
NO: "Some people are going to say that you cannot find the money in the entire Defence Budget? It is a huge budget."
GO: "I can't do it. See again, I am telling you that the money is fenced. And the Continuing Resolution does not allow us
to move money around. And Sequester, by the way, is Directed Cuts. We have no say in where those cuts come in
Fiscal Year '13. They are directed. They are every line item within your budget.
The Defense Department is hardest hit. Yet Homeland Security, Teachers and other agencies have made the most noise.
This is theatrics by Journalists, Democrats, and mostly, by President Barack Obama. He wants to blame Republicans.
Why haven't we had a budget for years? Why does spending increase, despite the lack of funds to support this spending.
This is Obama's ploy to have laws put into place to legitimize his unfunded spending.
His claim to change America is happening. Unfortunately, it will change the America that we have all come to
know and love.