We’ve already been talking about the sequester and what it could do to affect the Gulf Shores economy. The sequester – $85 billion in federal budget cuts – went into effect March 1. If you’ve been following the news and thinking it will only affect federal employees facing a furlough, you may be wrong.
In the video below, Money Talks News founder Stacy Johnson offers a list of delays, annoyances, and other sequester related problems you could be facing this summer. Check it out, then read on for more surprises.
There’s no way to know with certainty the exact effects budget cuts will have on the Gulf Shores economy. And the sequester is highly politicized, so there’s likely exaggeration on both sides.
Whether all, or any, of these sequester-related hassles come to pass will continue to be a matter of debate. Time will tell.
In the meantime, what do you think? Is the sequester going to cause real problems like those described in the video, or do you welcome the cuts and think the warnings are nothing but political posturing? Sound off below.