In terms of sequester, federal law states that you have to give 30 days notice before you can start furloughing people. So people thinking that any effect would show up like right away really are not thinking this through. The agency I work for, our furloughs start on the last week of April. So one day a week ill be not working with no pay, and 40% of the people i know are in the same boat as me (who are federal workers). Friends of mine who are contractors (which is another 50%) dont know what their status are because their companies are not saying much. Only that they have obligations filled until their contracts run out, which will be the end of September for most.
For a lot of areas that have big government and contracting presence the effects are going to be pretty bad once the meat of the sequester hits (which I think would be around Memorial Day ish). Here in DC metro, southern California, a lot of mid west states that house federal prisons, all the southwestern border states, many high end college who would get less grant money from NIH, etc etc.
Let's revisit this at a later time and I'm sure the tone will change.
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