Are you Worried the Sequester Will Affect You?

Massachusetts is chock full of defense contractors, federal employees and federal program beneficiaries. Are you worried the U.S. budget sequester will hurt your family's finances?

The U.S. government has a week before its self-imposed sequestration deadline. If enacted, the across-the-board cuts to the federal budget could mean layoffs, decreased aid and lower government spending. 

That could mean trouble for some popular government programs, such as Social Security and Medicare. Defense contractors are also preparing for lost and reduced contracts with the government. 

Locally, it could also doom smaller programs that have a big impact. The Low Income Home Energy Assistance Program (LIHEAP) helps families in need pay for home heating oil and other energy costs. Massachusetts stands to lose over $11 million in assistance under this one program alone. Representatives Ed Markey and Jim McGovern are trying to shield the program from cuts.

Though designed as a tool to force Republicans and Democrats to negotiate smarter deficit reduction, the threat of indiscriminate cuts has not yet led to a brokered deal.

What about your own pocketbook: Do you think the sequester will affect you? Do you work for the government or in a job that is dependent on government programs? Are you worried sequestration will hurt you financially or be a drag on the economy? Or is it bitter medicine for a country that needs to lower its debt? Tell us your thoughts in the comments below.

M C Stringfellow February 24, 2013 at 02:08 PM
GOD, I can't stand people who cannot take responsibility for their own actions, like signing into law the Sequestration and then blaming someone else, in this case the Republicans, because it did not go the way as planned. As I see it, the blame belongs on the shoulders, at this point in time, of Harry Reid and the Senate not the House. NO budget has been passed in what, 5 years. Why, because it could not make it to the floor. Is that being represented. No, that is being held hostage. So do not continue to blame the Republicans, there are plenty of Democrats in Congress who must shoulder the blame as well. One good thing though, It came back to bite him in the ass (Obama). I guess it's true, "If it can go wrong, It will." Murphy's Law
TB February 24, 2013 at 09:12 PM
What happened to the "shared sacrifice?" $600B new 'fiscal cliff' taxes on the rich...check. $110B (payroll) tax increase on everyone else... check. Son now it's time for spending cuts... check. My company has cut 10% of costs each year for the last 5 years and our customer service has increased! It's laughable that the the government can't squeze 2-3% from spending without these theatrical threats of firing teachers, first responders, etc. It's so sad, really.
Earnhardt February 25, 2013 at 12:02 PM
It's all a big game being played with the American people. For the next week there will be cgest thumping from both sides, Why the Democrats are doing this, why the Republicans are doing that, We all know at the last hour a compromise will be reached and another crisis will be temporarily put on hold. But first, both sides have to try to make each other look as bad as possible, when in fact, all they are doing is causing the population to become more disgusted with the entire gang in Washington.
TB February 25, 2013 at 01:46 PM
Agreed. I've got $16 trillion reasons (and growing) why I am fed up with Washington. And now we have an Senate election where the majority will put more of the same into office.
RAB March 01, 2013 at 10:48 PM
We send representatives to Washington to accomplish our objectives. For this we give them over $16trillion. Since they have not even budgeted the distribution of those dollars (our had earned dollars), they have effectively done nothig for fivw years. If I did that, I would be fired in a lot less than five years. We treat them like royalty, not like our employees. Let's get some useful work out of them before another 4 years go by. That's the real crime.


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