The Confederate Act of Sequestration was passed on Aug. 30, 1861.
Why do we have to raise taxes again?" The Budget Control Act created the concept of sequestration in 2011.
"Failure to act would either raise the specter of sequestration, which would indiscriminately slash critical domestic programs and take a broad sword to the Pentagon budget, or the unseemly spectacle of Congress spending the next year attempting to write itself a get-out-of-jail-free card," the group wrote.
Failure to act would either raise the specter of sequestration, which would indiscriminately slash critical domestic programs and take a broad sword to the Pentagon budget, or the unseemly spectacle of Congress spending the next year attempting to write itself a get out of jail free card.
The Sequestration Act of 1861 provided for confiscation of all Union "lands, tenements, goods and chattels, right and credits" and the transfer of debt obligation on the part of Confederate citizens from Northern creditors directly to the Confederate government.
Murkowski voted for the Budget Control Act of 2011 that mandated sequestration cuts if a congressional "super committee" did not come up with an equivalent of $1.2 trillion in budget cuts, which it did not.
Jenkins, who voted for the Budget Control Act of 2011, which turned sequestration into law, has used this type of defense before, suggesting that Congress could find enough budget litter to ensure that seniors and national security aren't harmed.
I am looking at the fact sheet for Senate Democrats' "The American Family Economic Protection Act," which would "replace the first year of sequestration".
On January 2 , 2013 the automatic spending cuts written into the Budget Control Act of 2011 (otherwise known as sequestration) will go into effect, amounting to an additional $500 billion in cuts to the defense budget.
