The Tentacle: How I learned to love the sequester by Kevin
E. Dayhoff Mar 6, 2013
Last Friday, March 1, the much ballyhooed and overhyped
“sequester” of the federal budget began. A key and critical provision of the
Budget Control Act of 2011, sequestration was signed into law on August 2, 2011
by President Barack Obama.
In August 2011 “bipartisan majorities in both the House of
Representatives and Senate voted for sequestration as a mechanism to compel the
Congress to act on deficit reduction,” according to a March 1, 2013 Office of
Management and Budget memo to Speaker of the House, John A. Boehner (R., OH).
The letter further detailed that “As a result of the
Congress's failure to act, the law requires the President to issue a
sequestration order today canceling $85 billion in budgetary resources across
the Federal Government for FY 2013…”
This latest artificial governance-by-crisis has been
unfolding for a number of weeks – err, months… http://www.thetentacle.com/ShowArticle.cfm?mydocid=5658
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