Showing posts with label Obamaquester. Show all posts
Showing posts with label Obamaquester. Show all posts

Friday, April 26, 2013

The Obamaquester

As the deadline for the sequestration cuts to take effect loomed last March, Republicans used that label to try to pin them on Obama. The sequester was his idea, they said. They were willing to substitute more intelligent, targeted cuts, but he insisted on new revenue, and "he already got his revenue" in January.

On one level, this argument was absurd.  The administration only "proposed" the sequester because Republicans threatened to let the country default on its debt if Obama did not agree to cut a dollar of spending for every dollar the debt ceiling was raised. Sequestration was a device designed to give the Democrats a later negotiating opportunity to replace some of those cuts with revenue. Obama was willing to compromise to prevent the meat ax from coming down; Republicans were not.  Obama does not want to cut spending by the amount stipulated in the sequester; Republicans do.

In another sense, though, the sequester does belong to Obama.