The federal budget sequestration will strain some visible federal programs — Head Start, air traffic control. It will hurt the poor. But what will the federal budget sequestration do to state and local government budgets?
There are enough moving parts that the answer is not clear, but it appears that, overall, most state and local governments will feel relatively limited budget effects in the present fiscal year and over the coming years.
For most of us, it may take some time to recognize the damage that the cuts will do, but in the long run, I fear that, through some unpleasant surprises, we are going to find out more about what the federal government actually has been doing for us.
Your perceptions of the sequester?