Sequester shmester? The worst is yet to come. - Fortune Features
BIG IDEA: SEQUESTER ABOUT TO BITE? — FORTUNE's Tory Newmyer on the budget sequester:
“The first sequester cuts that could rattle the recovery are due to
start hitting next week, as the Pentagon begins furloughing roughly
650,000 of its civilian employees across the country without pay for up
to 11-day stretches, through September.
"Measuring any ripple effects from all those unpaid vacations could
be tricky, since sequestration choked off funding for the Mass Layoff
Statistics program. … But the bigger point is that it remains an
exceedingly stupid approach to solving our deficit problem.”
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