Meaning of sequester, example: You earn $100K/yr. Your boss promises you a 10% raise, then says no, only a 2.5% raise, done in two 1.25% increments. Your pay has not been cut; you just won't get as large a pay raise as you'd been expecting. If you were able to feed your children on $100K then you should still be able to feed your children on $102.5K. No cuts, just a smaller increase!
Yet POTUS, his administration, and the entire media is trying to convince us that sequester is a draconian measure, planes will fall, everyone will be pink-slipped. Either he's the world's biggest liar, or he's the world's most stupid human being, with the possible exception of all the people who v**ed for him, i.e. those he's still trying to con.