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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