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    Posts tagged "Sequestions"
    Oct 23, 2012

    The threat of sequestration continues to loom over the federal government, and perhaps the only thing more evident than concerns about deep budget cuts is the sense of paralysis surrounding the possible implementation.
     
    It is still far from certain that the 10 percent, $1.4 trillion across-the-board cuts to federal spending will actually kick in on Jan. 2. And directives from the White House and Office of Management and Budget have reinforced that sense of mere possibility, offering little in the way of concrete guidance for agencies to prepare for the so-called fiscal cliff.
     
    Still, there are mixed signals. Defense Department officials have continued to warn of sequestration’s devastating effects. Those calls have come as recently as Oct. 19, when Defense Secretary Leon Panetta reminded a Hampton Roads, Va., audience that such cuts would jeopardize defense operations and that Congress must act to overturn the measure, which is mandated by last year’s Budget Control Act.
     
    “There’s still time to prevent sequestration,” Panetta said, according to a DOD statement. “Let me be clear, no one wants this to happen…but for God’s sake, don’t just kick this can down the road.”  Read full article.

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