Sequestration- doomsday 2013 (Read this if you don't mind ruining your day)

[Fern Davies]

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The AAAS Research and Development Budget and Policy Program has analyzed the impact of the potential sequestration (and they've explained what the sequestration is) on the non-defense research budgets of the federal agencies, including the grant-making agencies.

 

http://www.aaas.org/spp/rd/fy2013/SeqBrief.shtml

 

The National Science Foundation would drop from $456 million to 388 million, beginning in January 2013 and through 2017.

 

Research budgets in the Department of the Interior would drop from $65 million to $44 million over that same time period.

 

It gets worse if all the cuts are taken from non-defense R&D, which is a possibility.

 

There is table showing the potential impacts by state.

 

Sequestration will go into effect automatically if Congress fails to produce a deficit reduction bill with at least $1.2 trillion in cuts. In that case, an automatic across-the-board cuts to both mandatory and discretionary spending in the years 2013 to 2021 and be in an amount equal to the difference between $1.2 trillion and the amount of deficit reduction enacted from the joint committee.

 

The estimate of the size of the cut for 2013 are between 8.5% and 10%.

 

The House returns to work on Nov. 13 for one week and then returns again from Nov. 27 - Dec.14.

 

Sequestration will kick in on January 2 unless the Congress ....

[Jack Eitniear]

I do not doubt that the congress will kick the can down the road........