The partisan political rhetoric over sequestration is heating up in Washington, D.C., now that the clock is winding down to March 1. That's the date when across-the-board federal budget cuts totaling more than $1 trillion would kick in, unless Congress and President Barack Obama can agree on a deficit reduction plan. Earlier today, Obama reiterated his call to lawmakers to accept his proposal — a combination of spending cuts and tax increases on the rich. But, Republicans aren't backing down on their pledge to oppose any plan that increases taxes. For now, neither side is budging.

Do you think the two sides will reach a compromise before March 1? And if they can't come to an agreement — and cuts to government programs and defense spending are allowed to occur — will it be good or bad for the economy?

Let us know what you think by answering his week's poll question on or by sharing your opinions here.

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