The Bristol Blog features news and information about Bristol, Connecticut.
February 26, 2013
Lembo warns sequestration could be "really catastrophic"
State Comptroller Kevin Lembo said that if the federal government doesn't find a way to avoid the so-called sequestration, federal budget cuts "could mean big problems for Connecticut."
He said the cuts to education, defense and many other areas "could be really catastrophic" for the state and perhaps the entire country.
He said it may cause the long-feared "double dip recession" by wiping out jobs and contracts in many areas.
Speaking to Bristol's Democratic Town Committee, Lembo said there "is nothing like the federal government to make the state government look fully functioning."
The threatened sequestration, which takes effect March 1, could mean buts to nearly all government agencies totaling over $1.2 trillion during the next decade, with defense and domestic discretionary spending targeted.