The sequester is a fiscal policy that was passed by congress on 1st March, 2013
The sequester is a fiscal policy that was passed by congress on 1st March, 2013 and consequently approved by President Barack Obama. The Policy aims at covering the budget deficit by cutting down government expenditures by 85 billion. The policy became effective from 1st July 2013 for the 2014 financial year. This is a public going concern since the heavy expenditure cut is distributed across all the major sectors of the economy. As a result, 50% percent cut will directly affect the military and defence system while the other half affects social amenities such as the health departments and school funding. Heated debate is going on about the effectiveness of this policy and whether operates for the good of the majority or not. Many economists criticize it on grounds that it will have negative adverse effects on almost sector of the economy in the US, both short-term and long-term.
Reference
Loffe, S. (2013). US sequester hits health and science programmes. The Lancet, 381(9882), 1975-1976. Retrieved from http://www.thelancet.com/journals/lancet/article/PIIS0140-6736(13)61187- 3/fulltext?rss=yes
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The purpose of this research paper is to analyze the current policy of sequestration that was recently passed by the congress and its impact on the economy and the welfare of the public. This paper will also look at the ways that have been put into place to deal with the negative impacts of the sequester policy…………………………………
APA
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