(CNN) - President Barack Obama signed as required on Friday evening an order implementing the broad forced federal spending cuts, known in Washington as the sequester. He was required to sign the order before 11:59 p.m.
The Office of Management and Budget sent Congress a required explanation of how much each federal account will be cut.
The full text of Obama's order is below the jump.
SEQUESTRATION ORDER FOR FISCAL YEAR 2013 PURSUANT TO SECTION 251A OF THE BALANCED BUDGET AND EMERGENCY DEFICIT CONTROL ACT, AS AMENDED
By the authority vested in me as President by the laws of the United States of America, and in accordance with section 251A of the Balanced Budget and Emergency Deficit Control Act, as amended (the "Act"), 2 U.S.C. 901a, I hereby order that budgetary resources in each non-exempt budget account be reduced by the amount calculated by the Office of Management and Budget in its report to the Congress of March 1, 2013.
Pursuant to sections 250(c)(6), 251A, and 255(e) of the Act, budgetary resources subject to sequestration shall be new budget authority, unobligated balances of defense function accounts carried over from prior fiscal years, direct spending authority, and obligation limitations.
All sequestrations shall be made in strict accordance with the requirements of section 251A of the Act and the specifications of the Office of Management and Budget's report of March 1,
THE WHITE HOUSE,
March 1, 2013.
Thanks Mr President for your failure to compromise with the Republicans trying to dig us out of this mess
it is time to start at big goverment with large pay cuts for electef officals. over spending for p.o.and big parties. middle class people are having a difficult time paying for housing power water food insurance premiums. medical care. medicines. we can not keep up with ouy yheses new cuts and measures. its time for the wealthy to pay up. why should they poor just keep sliding to the poor house.we havew lost homes and the basices we need to survive. so turn to god apply his princpiles and follow his words and guilds so we all will survive,
What's the big deal–the government just took 2 percent from workers–it seems as though the cuts would hardly be felt by the government? They just got a huge tax increase in January.
Another blunder of the frog head republicans terrible
Am I the only one to realize that the ongoing instability created by these knuckleheads in Washington continues to fuel business' reluctance to hire people and reduce unemployment? I'm approaching two years without work and all I see is spoiled political buffoons jockeying for position with no regard as to how their antics affect the people who elected them. Truly, they all need a slap up the side of their heads...and probably more.
Please wake up, America. Your elected Republican representatives have chosen to keep tax loopholes in place, that in the past several have agreed should not even exist, rather than give them up to help avoid the sequester all in the name of sticking to ideology. Republicans were offered a two for one deal on spending cuts for revenue increase and this was not good enough? Please vote them out in the mid-terms so we can move forward.
Why are the salaries of the stay-at-home politicians not touched? They fly in for 3 days every 3 weeks and still collect a full year of pay. There's no time to do their job correctly.
Vote them out in 2014 and keep voting them out until they figure out that we expect them to work for their big bucks. We have to work 40 hours or more every week of the year and they get the big bucks for 60 partial days? It's wrong.
This is what he wanted to do. He is a good actor. I really don't think he care about none of this. With him there is a something that he is up to. He waited to allow this to come into effect during his second term. This is why the date was set to start after he was reelected. He know that if this would have taken place in his first term he may have lost his reelection. I really fear for our country because of the head in DC and the other so call leaders.
NIce job. Now we need two more sequestrations each year for the next 10 years.
So there was have it. Done! Now we will see how this works.
Anybody feeling the 'walk of shame' this morning? Congress (hint, hint)?
OMG. That's all I have to say. OMG. never thought I would see this in my lifetime.
When will the conservative middle class and poor, white people realize that Obama is not your enemy? The far right wing that controls Congress is!