$85 billion in automatic budget cuts are set to take place on Friday unless the government can agree on other measures to reduce the deficit.
The president proposes targeted spending cuts, coupled with revenue (read: tax) increases. House Republicans say tax increases are unacceptable and would rather see heavy cuts to entitlement programs. Wonkblog answers all your questions in one FAQ.
Why should you care? Because no one likes the cuts included in the sequester. See how the sequester would affect YOU.
If that’s not enough, Kate Upton and Ryan Gosling are concerned about the sequester, so you should be, too.
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