“Sequestration” went into effect in America this week, reducing U.S. government spending by $85 billion.
What does it mean? It means that the United States has accepted “Austerity.”
It’s not the end of the world. The vast majority of U.S. government spending will continue as usual. The government will not grind to a halt, at least not because of sequestration. It’s still possible that Congress could force a shut-down of government sometime in the future, but not likely this year.
Failure of Government Decision-making
Most interestingly, Austerity was NOT imposed by the normal processes of legislative or executive action. Continue reading


