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Are You Worried the Sequester Will Affect You?

Massachusetts is chock full of defense contractors, federal employees and federal program beneficiaries. Are you worried the U.S. budget sequester will hurt your family's finances?

The U.S. government has a week before its self-imposed sequestration deadline. If enacted, the across-the-board cuts to the federal budget could mean layoffs, decreased aid and lower government spending. 

That could mean trouble for some popular government programs, such as Social Security and Medicare. Defense contractors are also preparing for lost and reduced contracts with the government. 

Locally, it could also doom smaller programs that have a big impact. The Low Income Home Energy Assistance Program helps families in need pay for home heating oil and other energy costs. Massachusetts stands to lose over $11 million in assistance under this one program alone. Representatives Ed Markey and Jim McGovern are trying to shield the program from cuts.

Though designed as a tool to force Republicans and Democrats to negotiate smarter deficit reduction, the threat of indiscriminate cuts has not yet led to a brokered deal.

What about your own pocketbook: Do you think the sequester will affect you? Do you work for the government or in a job that is dependent on government programs? Are you worried sequestration will hurt you financially or be a drag on the economy? Or is it bitter medicine for a country that needs to lower its debt? Tell us your thoughts in the comments below.

Sean Ward March 01, 2013 at 11:30 PM
Nobody wants to take away a working mans pension. Your pension is at risk because of millions of people who live their entire life taking from the community without giving back. A single unemployed mother of three can make $70,000-$100,000 per year for life off federal, state and local welfare programs like section 8, food stamps, free cell phones, mass health and a dozen other handout programs. Do you make that much risking your life every day? Legitimate spending is being put at risk because of excessive entitlements and wasteful spending.
Sean Ward March 01, 2013 at 11:38 PM
Harry, I'm generally against anything that comes out of Washington these days but one of few things I agree with is our strategic oil reserve. When the oil runs out (and it will) if we have not discovered an adequate replacement, the country holding the most of what is left is going to be the only safe place left on Earth. I want us to use what is here last. Make no mistake though. Gas and heating oil prices have nothing to do with US oil. These prices are exactly where our government wants them to be if not higher.
Carolyn Costain March 02, 2013 at 12:11 AM
"What about Bob?" He must be taking a vacation day from insulting comment.
Rose R. March 02, 2013 at 01:57 PM
No the elderly did not vote for Obama. I voted for Mitt, the man with knowledge on how to run things. The welfare people are the ones who put him in. They want their free phones, EBT cards, free housing, free insurance that you & I have to pay for. I could go on. We had a great honest, sincere man in Mitt Romney. To bad they lied so much about him.
Michael Alsup March 03, 2013 at 09:37 PM
Harry, WHile we cannot AFFORD to continue as a Nation of Working Class people pay for The 2 party 2 House System wtith limited or No Result and keep a nation Strong CAN We afford to "clean House " & to pay their Retirement and washing of Washintonian Hands and GUARENTEED bythat action NO Action No Change. Not on My Childrens Backs . Do you drive the Abe Lincholn Car or does it drive U

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