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News Link • Government Debt & Financing

Here Are The Devastating Effects Of Sequestration On The US Military

• Business Insider

While the U.S. military could benefit from cutting some fat, the blunt and sudden terms of sequestration have the Pentagon in a panic.

 The cuts for 2013 total $85.4 billion, with $42.7 billion hitting defense spending, according to The Washington Post. The cuts will also affect communities and industries that support the military, demonstrating broader effects that the Army projects will result in serious job losses across the nation.

Congress will have to reach a deal soon to avert the sequester, with Democrats looking for a mix of tax increases and spending cuts and Republicans seeking a different package of spending cuts.

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