Changes

The '''Obama sequester''' was a proposal by [[President Barack Hussein Obama]] to Senate [[Democrat]] Majority Leader [[Harry Reid]] relayed by then [[White House]] budget director [[Jack Lew]] to cut [[entitlement]] and defence spending<ref>[http://articles.washingtonpost.com/2013-02-22/opinions/37238840_1_jack-lew-treasury-secretary-rob-nabors Obama’s sequester deal-changer,] By Bob Woodward, ''Washington Post'', February 22, 2013.</ref>  effective January 1, 2013. The idea was to break the deadlock over a [[federal debt ceiling]] debate in the summer of 2011 and "kick the can down the road" past the [[2012 Presidential election]] over ways to pay for Obama's [[stimulus]] spending and "[[healthcare reform]]" during his first term.

The '''Obama sequester''' was a proposal by [[President Barack Hussein Obama]] to Senate [[Democrat]] Majority Leader [[Harry Reid]] relayed by then [[White House]] budget director [[Jack Lew]] tocut [[entitlement]] and defence spending<ref>[http://articles.washingtonpost.com/2013-02-22/opinions/37238840_1_jack-lew-treasury-secretary-rob-nabors Obama’s sequester deal-changer,] By Bob Woodward, ''Washington Post'', February 22, 2013.</ref>  effective January 1, 2013. The idea was to break the deadlock over a [[federal debt ceiling]] debate in the summer of 2011 and "kick the can down the road" past the [[2012 Presidential election]] over ways to pay for Obama's [[stimulus]] spending and "[[healthcare reform]]" during his first term.

Critics warned Obama's [[economic planning|economic plan]] would create massive [[unemployment]] and a [[recession]]. Obama repeatedly claimed tax increases on the rich would pay for his plan, and [[Republican]]s compromised by voting for tax increases for the first time in two decades. As part of the deal, Obama's sequester cuts were delayed 60 days to avoid the inevitable [[fiscal cliff]] of his plan.

Critics warned Obama's [[economic planning|economic plan]] would create massive [[unemployment]] and a [[recession]]. Obama repeatedly claimed tax increases on the rich would pay for his plan, and [[Republican]]s compromised by voting for tax increases for the first time in two decades. As part of the deal, Obama's sequester cuts were delayed 60 days to avoid the inevitable [[fiscal cliff]] of his plan.

==What the sequester is==

==What the sequester is==

The Obama plan called for immediate cuts totally $85 billion to be divided equally between defence spending and programs such as [[Medicare]] and [[Social security]] for the remainder of fiscal year 2013. On the employment side, defence cuts are reflected in lost [[payroll]]s totalling half of the [[sequester]], or $42.5 billion; this is essentially $10,000,000 ''per hour'' in reduced payroll spending<ref>a classic picture of what is meant by the term, "economic contraction".</ref> by the federal government for individuals employed mostly as civilian contractors. Many will see permanent jobloss. A ripple effect, or "trickle down" effect will been seen soon thereafter in lesser paying retail positions.

The Obama plan called for the President to issue [[Executive Order]]s for immediate cuts totally $85 billion to be divided equally between defence spending and programs such as [[Medicare]] and [[Social security]] for the remainder of fiscal year 2013. On the employment side, defence cuts are reflected in lost [[payroll]]s totalling half of the [[sequester]], or $42.5 billion; this is essentially $10,000,000 ''per hour'' in reduced payroll spending<ref>a classic picture of what is meant by the term, "economic contraction".</ref> by the federal government for individuals employed mostly as civilian contractors. Many will see permanent jobloss. A ripple effect, or "trickle down" effect will been seen soon thereafter in lesser paying retail positions.

==Democrat plans for dealing with sequester==

==Democrat plans for dealing with sequester==