The Sequestration Essay Example | Topics and Well Written Essays - 500 words - 1

The Sequestration - Essay Example The reduction in expenditure is further divided equally between defense based agencies and agencies for domestic utilities. It aims at reducing the government’s budget deficit with an ultimate goal of reducing the federal government’s debts that escalated during the last global recession (Smith 1). Implementation of The Sequester offers a number of adverse consequences to the nation’s economy and to the American people. Budget cut has been associated with strong impacts on education in the state of Texas that stand to lose almost $ 70 million in the sector. This will mean lost employment opportunities for teachers in the state, almost 5000 students will lose state funded health services, and many military personnel will be forced into unpaid leaves. These examples identify microeconomic challenges to the affected populations and the challenges may spill over to macroeconomic factors such as gross domestic product level and consumer price index. Strong adverse impacts of the cuts also promise reduced health care funding in New York and cuts on military allocations across many states (LoGiurato 1). Infrastructure is also likely to be affected by the cuts (Landers 1). The Sequester is also expected to have significant effects on higher education and diversified secondary effects on people’s social lives and on professional scopes. Reduced aid to students is likely to affect ability to learn, especially among poor students who have relied on federal funds. The cuts will also affect research programs with direct effects on industrial developments and students’ learning processes and this identifies threats of incompetence and inefficiencies in professional practice as the students venture into career. It may also affect employability of students (Bidwell 1). The most significantly affected academic research programs are those that funded by federal