Will it happen or won't it? Sequestration is refers to a procedure whereby the US federal budget has a hard-cap placed on it. These cuts will, from all accounts, be draconian. Wright-Patterson will lay off thousands of civil servants. Postal service will be cut. Food inspectors will be laid off. Etcetera, etcetera, etcetera....
I previously posted the US Navy is facing challenges regarding its carrier fleet. The carrier USS Lincoln is back in port, unable to be refueled. Others Nimitz class carriers may face a similar fate. The F-22 has been grounded (again) due to a persistent cough pilots and ground crews are developing. Sequestration may prevent funds from being used to find a solution. The F-35 continues to need cash injections that sequestration may end.
The military is my field of expertise but of course sequestration is across the entire federal government. In my new career at the college, this means students may have less financial aid. Perkins grants may be greatly reduced.
The real question is if sequestration happens (remember the imminent fiscal cliff that was avoided at the last minute?), it doesn't mean that sequestration remains in place forever and a day. The government will continue to work to come out from under sequestration. The may reason we are in this mess is the Democrats want healthcare reform and the Republicans don't want to eliminate tax cuts. Sounds reasonable to me, let's shut down everything then!
As I sit here at my house, the local news has show that North Korea is continuing to escalate its nuclear weapons posture, Syria is still tearing itself apart, and Iran is pressing forward with becoming the next nuclear power on the scene. All the while, our government becomes less and less relevant to world affairs. Some might even remark they are becoming less relevant to its constituents.