Feb. 26, 2013 | (Click image to enlarge.) The White House and Republicans are trading blame over massive spending cuts scheduled to take effect on Friday and an agreement to head off the reductions looks increasingly unlikely. How the $85 billion reduction will be implemented depends on a lot of factors, some of which are not clear yet. What is clear is that the spending cuts are broad, bad for states, bad for business, bad for the economy, and bad for a lot of people. If you like to fly, are an educator, have kids in school, work for the federal government, are poor, or simply participate in the economy (aka anyone), sequestration could impact your life. Here's how… And here's a list of sequestration impacts, state by state.