It’s an arcane budget term, but the sequester, is set to fundamentally reshape federal spending in ways that could set the economy on a path back to recession. The sequester is the beginning of a scheduled decade of financial austerity like has been seen in Europe in recent years.
While Congress and the President celebrated the $39 billion in cuts to the 2011 federal budget, many were waiting on the details of the expected draconian cuts before making a decision. The cuts were finally revealed Tuesday and will have a deep impact on the Sunshine State.
President Barack Obama’s new federal budget will hit poorer students face more debt or not have a chance to go to college.