President Obama argues against a cuts-only approach to deficit reduction/ White House flickr
By now you've heard that federal budget cuts will take effect on Friday. And you've heard the strange-sounding name for these cuts: sequestration. Sequestration means across-the-board spending cuts, and this sequester was written into law in August 2011 as a kind of terrible incentive for lawmakers to pass a long-term deficit reduction plan. No one thought the cuts would actually take effect, but now – it is near certain – they will, and the fallout will reach all of us.
For instance. Fewer law enforcement officials in ...