Bill Wilson @ Douglas V. Gibbs' Political Pistachio blog posts the following very informative piece:
Read more @ Political Pistachio: The true story of sequester
A little discussed impact of sequestration, due to take effect on March 1, is the fact that after 2014, spending will increase every single year in both defense and non-defense categories, reports the Congressional Budget Office (CBO).
In addition, there are real spending cuts, but they come nowhere near to totaling the $1 trillion figure that has been reported by various government agencies, including the CBO, not to mention media outlets and even this organization, Americans for Limited Government.
Read more @ Political Pistachio: The true story of sequester