|Senator John McCain calls for repeal|
c) Bankruptcy, in Scottish law,
d) Sequestration US Congress,
e) A congressional inflicted wound of Austerity forced by congressional Republicans to the US economic recovery in December 2012 resulting in loss of Private and Public sector Jobs, reduction in Government services slowing economic growth by an estimated 1-1 1/2 percent in 2013.
The Budget Control Act of 2011 (Pub.L. 112–25, S. 365, 125 Stat. 240, enacted August 2, 2011) is a federal statute in the United States that was signed into law by President Barack Obama on August 2, 2011. The Act brought conclusion to the 2011 United States debt-ceiling crisis, which had threatened to lead the United States into sovereign default on or about August 3, 2011.
The law involves the introduction of several complex mechanisms, such as creation of the Congressional Joint Select Committee on Deficit Reduction (sometimes called the "super committee"), options for a balanced budget amendment and automatic budget sequestration.
Definitions a, b and c are easily understood and familiar to most of us who pay any attention to the world around us. Our congress borrowed sequestration to avert a crisis in 2011 with the consequences of sequestration so severe neither Republicans or democrats would allow those reality to impact our country, in other words what we are doing is so bad we cannot allow this to take effect.