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No Larry, the brunt of the impact has not even really started to make its way into the economy. Layoffs and furloughs have only just begun; people are loosing jobs, or getting 10%+ pay reductions through furloughs, companies are losing contracts, factory orders are being cancelled, and the orders for supplies to meet those orders are alslo being cancelled.

Yes...just great.  Cut DOD (the only constitutionally mandated government function) by a trillion resulting in rusting  ships and a weakened overall defense (putting our men and when in the military at risk).  Meanwhile, all the other government useless departments are growing.   

What a great leaders we have...

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sorry..typos.

...men and women...

and,

What great leaders we have.