Fiscal cliff - part 2
Part two of the fiscal cliff. After my previous article on this subject, a small deal was reached and for a short period the American budget was saved. However, the short period (about 2 months) is over and a new deal has not been reached. Therefore, on March 1 the President had to sign into effect budget cuts as the law forced him to do, known as the sequester. Who will be affected? About half the budget cuts concern the military. Some will claim this is a good thing as too much is spend on the army, and indeed this would be great if done in a controlled way but not due to artificial budget cuts as than chaos can erupt. It seems those working for defence contractors are already feeling the effect as some companies are already reducing their workforce. Further, at a moment when it seems the number of conflicts increase the army should be prepared. Although, maybe there will be less interferences in local conflicts and thus people may become less frustrated because of foreign interfer...