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'''Budget sequestration''' or simply '''sequestration''', is an automatic reduction in planned spending by the federal government set to begin March 1.  These cuts total merely $1.2 trillion over 10 years, which would barely affect the overall national debt of $16 trillion.  Moreover, the cuts are primarily to planned growth in future spending, and may not reduce current spending levels much at all.  These cuts are to be divided 50% for domestic discretionary spending (not affecting entitlement programs like Social Security), and 50% for defense spending.

'''Budget sequestration''' or simply '''sequestration''', is an automatic reduction in planned spending by the federal government set to begin March 1.  These cuts total merely $1.2 trillion over 10 years, which would barely affect the overall national debt of $16 trillion.  Moreover, the cuts are primarily to planned growth in future spending, and may not reduce current spending levels much at all.  These cuts are to be divided 50% for domestic discretionary spending (not affecting [[entitlement]] programs like Social Security), and 50% for defence spending.

The term is formally defined in the Budget Enforcement Act (BEA) as the cancellation of budgetary resources provided by [[discretionary appropriation]]s or [[direct spending]] laws. New budget authority, unobligated balances, direct [[spending authority]], and obligation limitations are “sequestrable” resources; that is, they may be subject to reduction or cancellation under a [[president]]ial sequester order. <ref>[http://www.gao.gov/new.items/d05734sp.pdf A Glossary of Terms Used in the Federal Budget Process], pg. 94, pdf. www.gao.gov</ref>

The term is formally defined in the Budget Enforcement Act (BEA) as the cancellation of budgetary resources provided by [[discretionary appropriation]]s or [[direct spending]] laws. New budget authority, unobligated balances, direct [[spending authority]], and obligation limitations are “sequestrable” resources; that is, they may be subject to reduction or cancellation under a [[president]]ial sequester order. <ref>[http://www.gao.gov/new.items/d05734sp.pdf A Glossary of Terms Used in the Federal Budget Process], pg. 94, pdf. www.gao.gov</ref>

Upon [[President Barack Obama]]'s historic 2008 election, self-identified communist and [[Progressives for Obama|Progressive activist]] [[Mark Rudd]] observed,  

Upon [[President Barack Obama]]'s historic 2008 election, self-identified communist and [[Progressives for Obama|Progressive activist]] [[Mark Rudd]] observed,  

{{Cquote|Obama is a very strategic thinker. He knew precisely what it would take to get elected and didn't blow it. He used [[community organizing]] methods... And I agree with this strategy. Anything else will court sure defeat. Move on the stuff you can to a small but significant extent, gain support and confidence. Leave the military alone because they're way too powerful. For now, until enough momentum is raised. By the second or third year of this recession, when stimulus is needed at the bottom, people may begin to discuss cutting the military budget... <ref>http://theragblog.blogspot.com/2008/11/mark-rudd-lets-get-smart-about-obama.html</ref>}}

{{Cquote|Obama is a very strategic thinker. He knew precisely what it would take to get elected and didn't blow it. He used [[community organizing]] methods... And I agree with this strategy. Anything else will court sure defeat. Move on the stuff you can to a small but significant extent, gain support and confidence. Leave the military alone because they're way too powerful. For now, until enough momentum is raised. By the second or third year of this recession, when stimulus is needed at the bottom, people may begin to discuss cutting the military budget... <ref>http://theragblog.blogspot.com/2008/11/mark-rudd-lets-get-smart-about-obama.html</ref>}}

On December 5, 2012 it was reported that the [[Pentagon]] on instructions from the [[White House]] [[Office of Management and Budget]] began planning to use sequestration to cut Congressionally mandated military and defense spending.<ref>http://www.defense.gov/news/newsarticle.aspx?id=118712</ref><ref>http://www.govexec.com/defense/2012/12/furloughs-hiring-freeze-table-defense-begins-sequester-planning/59968/</ref>

On December 5, 2012 it was reported that the [[Pentagon]] on instructions from the [[White House]] [[Office of Management and Budget]] began planning to use sequestration to cut Congressionally mandated military and defence spending.<ref>http://www.defense.gov/news/newsarticle.aspx?id=118712</ref><ref>http://www.govexec.com/defense/2012/12/furloughs-hiring-freeze-table-defense-begins-sequester-planning/59968/</ref>

 

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[[Category:Budget terms]]

[[Category:Budget terms]]