Gripping, paralyzing, wholly unfounded fear:
In its latest budget document, the CBO notes that, assuming sequestration happens, there will be a slight dip from 2012 to 2013 in discretionary spending levels.
Then discretionary spending rises every year through 2023. Total federal spending is projected to rise from $3.5 trillion in 2012 to $5.9 trillion in 2023.
Good luck matching that sort of austerity in your salary gains over the next decade.