SchrodingerZ writes "The Blue Angels squadron, known for their intricate and death-defying aerial demonstrations, has canceled all scheduled air shows for the rest of the year. The United States Navy, which controls the Blue Angels, has reported that the grounding comes from the massive rollbacks in spending, due to the 85 billion dollar sequestration given by the federal government. In a statement from the office of the Commander Naval Air Forces in San Diego, the Navy said, 'Recognizing budget realities, current Defense policy states that outreach events can only be supported with local assets at no cost to the governmen.' Currently, the cost of an air show is above $100,000. This story came just a week after the announcement by the Air Force that their Thunderbird shows will also be canceled."