You may start hearing the word “sequestration” a lot over the coming months. It’s a big word that might not mean a whole lot to you now, but make no mistake – it could have a big impact on your life.
To sequester means to set apart or to take something away until a debt has been repaid. Last year, when Congress passed the Budget Control Act, it said that funding for discretionary programs – those are programs that Congress funds each year through the appropriations process – must be cut by $1 trillion over 10 years. It also directed a joint Congressional committee to identify an additional $1.2 trillion in savings over 10 years.
This “super committee” failed to agree on a deficit reduction plan, and that failure put discretionary programs – like cancer research and cancer prevention programs – on a collision course with sequestration; automatic funding cuts set to take effect on January 2, 2013.
Throughout the fall, Fight Colorectal Cancer will keep you updated on this issue and we will likely ask you to speak up about it as well. In the meantime, we urge you to take a moment to learn more about sequestration, and how it may impact your life.
More information, provided by the Coalition for Health Funding