Finally the correct word is being used for sequester: Austerity. Government and private forecasters expect austerity, in the form of the spending cuts and tax increases, to take a big bite: about 142,000 fewer jobs a month for the rest of the year than would otherwise be added. http://economix.blogs.nytimes.com/2013/03/08/federal-austeritys-bite-on-job-growth/?hp  That’s more than the 134,000 jobs […]