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Vital social programs are on the chopping block. Incremental eroding is planned. Medicare, Medicaid, Social Security, food stamps, and other vital ones are targeted. Bipartisan agreement assures it.
March 1 is a nominal deadline. March 27 matters more. It's when America runs out of money. It's when debt ceiling limit is reached.
US law requires Congress authorize borrowing amounts to fund federal programs.
Doing it means raising the ceiling by late March or sooner. Expect it. It's automatic. Details will be finalized along the way.
On February 22, the Wall Street Journal headlined "Lengthy Impasse Looms on Cuts," saying:
Republicans and Democrats expect "spending cuts will take effect next week and won't be quickly reversed, likely leading to protracted political uncertainty that presents risks both to Congress and" Obama.
Averting or replacing them with long-term deficit reduction isn't expected. Negotiations aren't underway. On February 18, Congress recessed until February 25.
Four days remain to resolve sequester issues. Doing so usually happens at the 11th hour or later. Whatever the outcome, expect nothing different this time.
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