Monday, April 29, 2013

Spending cuts: Reality of furloughs hits home

http://money.cnn.com/2013/04/25/news/economy/spending-cuts-furloughs/index.html?iid=SF_E_River

We need to stay on this rode for a awhile that's because defense and domestic spending will be subject to even lower spending caps than they are this year and if help lowering our biggest cost in government spending that it will help save a lot.  The sequester that went into effect on March 1 for 2013 required agencies for the most part to make across-the-board cuts without discretion, in essence cutting funding for the best and most essential functions by the same amount as everything else.  Helping the work force not get laid off and have different plans for the companies that need help so that everyone is not at a dead end. 

1 comment:

  1. I think that the sequester is crazy. We are still suffering from the recession and the government wants to cut spending and lay people off. This is put our economy into reverse and cause even more problems.

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