Friday, March 1, 2013

How will the sequester affect you?

So what exactly is the sequester? It was signed by President Obama back in August 2011 to raise the debt limit. Initially, this bill would never be used because Congress would eventually create a plan for the deficit reduction. If no plan was created, an automatic sequestration would go into effect and as of today, the two parties have not been able to come to an agreement.So what happens now?

The military will see $550 billion in cuts, drawing funds away from national security and military operations. On the domestic side, cuts will affect health care, education, law enforcement, disaster relief, unemployment benefits, non-profit organization funds, scientific research and more. The sequester stipulates certain areas of government spending that will see no cuts. No money will be drawn from spending on wars and military personnel. Funding allocated for Medicaid, Social Security, Pell grants, veterans' benefits and some low-income programs will not be affected, either. 

While programs like Medicaid will not be affected, many basic care community centers will. As well as many research based jobs. How will this impact the future of research and development for health care? 

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