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Govt Spends $80B On Sequestration Day 1

I just thought everyone might be interested that on 3/1/2013...the first day of the sequester, the US government outlays...including tax refunds totaled $80B....so in one day, we spent almost the same amount as the sequester is supposed to save in a year. Read more here

Oh...and here's a pretty chart: add $5B in refunds to the $75B of outlays to get to $80B

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.