Take a look at the history of sequestration from its first use in the 1980s to today’s cuts.
In 1990, the Budget Enforcement Act, which was part of a larger spending bill, created a new set of rules. This set up the pay-as-you-go system, or PAYGO. Under this system, any increased entitlement spending -- for instance, an increase in Medicare benefits -- would need to be paid for by equal cuts in another area or tax increases. The same was true of any tax cuts. For other parts of the budget, yearly spending targets were set.
United Artists Image
It's easy to upload your photos and/or videos on News8000.com. Once you do, we'll share your upload with the community!
No email address was supplied by
To complete your registration on this site, please supply an address.
Please confirm or modify the email address to which you will have subscription offers sent.
For a more personalized experience, please supply the following optional information.