Friday, February 22 2013 10:50 AM EST2013-02-22 15:50:11 GMT
(RNN) – First the "debt ceiling," then "fiscal cliff," now the latest hot button phrase you're hearing a lot of out of Washington that is giving Americans something to worry about is "sequestration." According
Sequestration is Washington's fancy word for forced government-wide spending cuts. The across-the-board trim aims to reduce the deficit by $1.2 trillion in the next decade. If Congress takes no action, the spending cuts will be imposed March 1.
(FOX19) -
Wednesday, the Pentagon informed Congress
that if automatic spending cuts are allowed to take effect on March 1st,
800,000 workers will be furloughed.
And that is just the beginning.
But are these cuts as big as Congress and the
White House are making them sound?
Ben has the Reality Check you won't see
anywhere else.
