10 ways the sequester is already hurting

The cuts are mostly small and wide after a short-term funding bill passed last month stopped a government crisis.

By Kim Peterson Apr 11, 2013 9:47AM
Business hand receiving a pink slip -- Tom Grill, PhotographerDespite all the dire warnings from the Obama administration, the federal sequester hasn't been a national disaster. And it's unclear if it ever will be at this point.

Part of the reason is because Congress stepped in with a short-term funding bill that eased some of the pressure. Food inspectors, for example, got money to stay on the job. And the Department of Defense is still moving forward with construction projects.

In fact, economists from Goldman Sachs (GS) think the sequester will hurt the economy's growth rate by just 0.6 percentage point in the government's fiscal year, which ends Sept. 30. That's not ideal, with the recovery still sputtering -- GDP grew at a meager 2.2% in 2012 -- but it's really not all that devastating.

Still, communities across the country have been impacted by the sequester already. Jobs have been lost, lives have been altered. But much of the impact seems to be on a localized level, and not the national scale some lawmakers had forecast. In fact, the biggest impact nationally seems to be the ongoing run of jokes about White House tours being canceled.

Click here for 10 ways the sequester is already hitting America.

More on moneyNOW



6Comments
Apr 11, 2013 10:54AM
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Boooooo whooooo! Where are the cuts to services for illegals? where are the cuts to foreign aid? Where are the cuts to washington budgets?
Apr 11, 2013 5:53PM
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Who signed it in to law??Who rejected the offer to control the cuts? Cutting an increase in spending does not mean a cut. They didn't even address the pork, maybe so one should have a responsibility to review and cut all non essential spending!!!!

Booooo whooo congress, do what you were elected to do

Apr 11, 2013 12:33PM
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From the article:  "In fact, the biggest impact nationally seems to be the ongoing run of jokes about White House tours being canceled."  I, for one, find nothing funny about this crap.
Apr 11, 2013 6:29PM
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I have an idea. What don't we drug test those who want a Federal handout? What to trim some pork? There you go. How about cutting off the 10 million in the counrty illegally, and whom are eating up (literally) the healthcare and welfare system for those whom have paid their whole lives to have this privledge. The policical theatre is boring and out-of-touch with the realities of our "small" lives.

Apr 11, 2013 11:06AM
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If anyone were to believe that they would get the same level of service for $38.00 per night as opposed to the various "regular" prices on a $500,000,000 vessel that has to pay 1000 or more crew members, fuel, insurance, docking fees, provisions and all other costs related to turning the key and setting sail are not thinking about the basic math of this joke..
Carnival is not trying to give anything away and behind the portal they probably cut service here and there so creatively that most people wont notice until after the cruise and find themselves wondering why they didn't have lobster or other amenities that are regular staples on your average cruise.
If they (cruise line), did a 2 for 1 promotion, that would seem more logical and sincere and would get the bodies on the ship that would spend money and gamble in the casino and so on. 
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