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Sequester Impact: "Not As Bad As You've Been Hearing"

10:13 AM, Feb 26, 2013   |    comments
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Greensboro, NC - Eighty-five billion dollars in spending cuts over nearly all sections of the Federal Government is just three days away, and with a lot of talk of doomsday scenarios as a result of the $85 billion in cuts, from longer lines at airports to an increased risk of terrorism due to less funding for border patrol agents, will the impact be this bad?

Jason Husser, Assistant Professor at Elon University, told News 2 the cuts "are bad, but not as bad as you've been hearing."

Husser said he thinks there won't be a deal by Friday, but that Congress and the President will likely strike a deal shortly thereafter to deal with the spending cuts at a later date, "kicking the can down the road," according Husser.

In North Carolina, the largest impact will be from civilian military furloughs.

Husser said, "The military is so interconnected in North Carolina, small cuts in very small areas can trickle down and have ripple effects all throughout the economy. It can affect businesses selling things to the military, and businesses selling things to businesses selling things to the military in turn."

Even if there are furloughs, people may be paid back for the duration of the furlough once there is a deal between Congress and the President according to Husser.

"There is historical precedent in the mid 1990's. Federal government jobs that were furloughed ultimately had their pay restored and we could see that as part of what ultimately will work out as some sort of a deal."

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