THIS POST in one easy-to-read chart:

[Update] an observant reader (my brother) noted an error in the 'total budget cuts' line (circled above). It should read $385.00 instead of $38.50. So now the budget hit is 1.8% instead of only 0.18% of earnings ($21,700). Or if you prefer, only 1% of total expenditures instead of 0.1%.

Not what I would call major suffering either way....