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March 7, 2013

Title: What’s UP With the Sequester?
Topic: Sequestration

Discussed by Lawrence Reed
with Foundation for Economic Education

Part 1 of 2

What is “sequestration” anyway? Well, in case you’re wondering, it has nothing to do with horses…

Sequestration, which first appeared in the Gramm-Rudman-Hollings Deficit Reduction Act of 1985, is the fiscal policy procedure adopted by Congress to deal with the federal budget deficit.

In other words, the sequestration is the cancellation of budgetary resources, or an automatic form of spending cutbacks.

Now, what does that mean for us? Listen to the following easy-to-understand-explanation by guest Lawrence Reed with www.fee.org.

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Title: Part 2 of 2
Topic: Sequestration

Discussed by Lawrence Reed
with Foundation for Economic Education

Reed says this of the sequester situation currently grabbing headlines: “The sequester is a stunning example of the failure of Washington, the White House in particular, to come to grips with the most pressing problem facing the country: out of control government spending.”

Listen in as he explains….

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