Sequester

  Paragraph 1:   The Sequester as the Washington Post puts it is a group of cuts to federal spending set to take place March 1, barring further congressional action. Because our national debt is so large and the federal spending is so out of control, they passed a bill to take place March 1. The bill was first passed, originally as part of the Budget Control Act of 2011, the Washington Post Says. At first, the sequester was supposed to start January 1, along with Bush tax cuts and other tax reforms. It was called the "fiscal cliff". A deal was reached and the sequester was changed to start on the first of March.

Paragraph 2:   ABC news says that the cuts were originally going to be 109 billion this year, but after we postponed the sequester it will now be about 85 billion over the next ten months. The source also says that if carried out over the next ten years, 1.2 billion will be taken off of the about 16 trillion.

Paragraph 3: CNN says that the start of the idea about the sequester started in 2011 when Republicans in Congress demanded spending cuts in exchange for giving the Obama administration the needed legal headroom to pay the federal government's obligations to its bondholders. CNN says that a lot of the cuts are going towards the Federal defense system.