Take a look at the history of sequestration from its first use in the 1980s to today’s cuts.
As an incentive to stick to the plan, Graham-Rudman-Hollings included automatic spending cuts, or sequestration, that would go into effect if yearly budget goals weren’t met, with half of the cuts going to defense programs and half to other domestic spending. Social Security, Medicare, anti-poverty programs and debt payments wouldn’t be affected by sequestration.
iStock / diego_cervo
iStock / DeshaCAM
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