At the end of last week, there was a great deal of talk about the horrible effects across the nation that would take place if the automatic federal budget cuts that were triggered by the sequester took effect.

Governor's Office/Tim Larsen

Five days later many are saying the sequester cuts really aren't that bad, and we may not even notice them for years.

"I don't think we're going to see much effect of sequester on New Jersey at all, I think unfortunately the President has over-played this in a major way," says New Jersey Governor Chris Christie.

He points out the Sequester cuts total $43 billion in a $3.6 trillion federal budget, so at this juncture the Governor isn't worried.

"No, I am not concerned that the federal government is cutting one penny out of a dollar of federal spending - I'm not concerned about it."

When Christie was asked at a mid-day news conference if he thought lawmakers would be able to come to some sort of agreement to settle the sequester problem, he said he had no idea, because no one really understands what's going on in Washington.

The Governor added he doesn't understand why this issue can't be quickly resolved - by simply bringing all parties together in a room, and telling them they have to work things out if they want to leave.

He also said the only thing that really concerns him about the situation is how broken and dysfunctional Washington D.C. is.

Courtesy Governor's Office