For as critical to the economy as the sequestration cuts are, they continue to be one the least understood phenomena affecting our lives. A recent poll by NBC News and The Wall Street Journal shows apparently contradictory positions among a significant percentage of the pool of respondents. This finding suggests that the public continues to not fully understand the cuts or appreciate their relevance in our day-to-day lives.

In the following video, Fool.com contributor Doug Ehrman discuss the poll results and what they say about the sequestration cuts. He then looks at recent market activity and puts these cuts into further context.