It’s crisis time again in Washington, D.C. Having just barely avoided a swan dive off the fiscal cliff, the leaders of our country are now locked in battle over the pending sequestration.
“Locked” is the operative word here, as the deep freeze that’s hit New England this week is likely to thaw well before the freeze in progress over sequestration.
If nothing else, this standoff has added to our vocabulary. “Sequestration,” as we’ve learned, is a procedure that triggers automatic spending cuts. It also means “the seizure of property for creditors,” as in, “China will begin sequestering U.S. property if we can’t control our debt and pay our bills.” That definition may be more appropriate in years to come, but for now, let’s concentrate on the immediate future.