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S-Day Is Here: Sequestration took effect on March 1, as congressional leaders were unable to broker an 11th-hour deal to prevent it from kicking in. The Pentagon, facing up to the possibility of no deal, has been hoarding cash since mid-January, repeatedly warning that it can't absorb the sequestration cuts without profound effects on the military, especially on readiness. Though war-bound units will have priority, the Air Force will have to lay off or furlough tens of thousands of civilians, and some flying units may be idled for months at a time. Returning those people to proficiency will be a long and difficult process, and in the meantime, the Air Force will indeed be hollow. Sequestration is just part of a "perfect storm" of fiscal crises affecting the service, though, as the never-ending budget continuing resolution and debt ceiling battles also take their toll.  Click here to continue to On the Brink of Sequestration, our coverage of sequestration's effects.