About $10 Billion will be transferred to O&M, to be fought amongst the 4 services. It won't be enough to stop the Sequester damage.
Worse, the Sequester lasts 10 years.
The military will still be crippled. Training and operations will still be gutted. The 2011 cut of $487 Billion over 10 years is still in place, and tens upon tens of thousands of soldiers, airmen, marines, and seamen will be tossed out of the ranks.
So all those who wanted massive discretionary cuts to the military, but ZERO cuts to Entitlements (the real cause of our debt and deficits) - you can celebrate now. Good luck with that.
I honestly believe now that at the end of the calendar year thousands of civilian federal employees are going to be RIF'd, and yours truly could very likely be amongst them.
No one in my office thought the furloughs would start. I told them it would. "Oh," they would say "the anti-Obama doomsayer is at it again." Now I get to stay, "I told ya so."
Now that RIF's look like a certainty at the end of the calendar year they will really start bugging out. Will I once again be able to say, "I told ya so?"
We all just got screwed by Congress and the President.