them. Not only will the defense spending be cut by almost ten percent, while the majority of the non-exempt, non-defense spending by nearly seven percent, medicare by two percent, and other madatories by seven percent. (Understanding the Sequester. 2010, January 1). With the expiration of Bush's tax cuts and the payroll cut, this would have greatly resulted to a huge contraction, almost positively throwing the United States into yet, another recession. The two poilicies together became known as the…
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