Binghamton, NY (WBNG Binghamton) Sequestration is a big buzz word these days -- and its impact across the country could be even bigger.
In a little more than a week, $1.2 trillion in federal spending cuts that would take place over the next 10 years will kick in. That is, unless Congress decides to act.
The across-the-board cuts were created by Congress in 2011 as a way to eventually lower the national debt.
Those cuts will go into effect March 1 unless a bipartisan deal is reached.
A local group, Citizen Action, raised their voices Wednesday, urging Congress to save jobs and find other areas to cut.
"We need to make sure that we don't continue to provide tax breaks to corporations that out source jobs or move jobs over seas, cut jobs," Ron Deutsch, Executive Director of New Yorkers for Financial Fairness, said. " That's not a good investment of our money. We can raise almost $1 trillion over the next ten years and completely negate the sequester cuts if we just look at closing corporate tax loopholes."
If no deal is passed, $85 billion worth of spending cuts would take place this year, hitting defense and non-defense spending equally.
Among one of the most troublesome, the Federal Aviation Administration says the proposed cuts would create huge delays at the airport as the result of cuts to security personnel and air controllers.