With the Friday deadline approaching for Congress to cut $85 billion in spending or face an automatic and draconian series of across-the-board defunding of federal spending, many Americans simply do not know what is at stake. A goodly number of them mistakenly equate the threat of sequestration with the fiscal cliff negotiations that dominated news late last year…and then evaporated. But sequestration is real, and if it happens, it will hurt. But who will it hurt and how much? Read on and learn.