The president blinks:
President Obama on Tuesday will ask Congress to approve legislation to replace at least some of the $85 billion in automatic spending cuts set to hit the government on March 1. A White House official said Obama would emphasize that the scheduled cuts would hurt the Pentagon and the broader economy. “With our economy poised to continue to strengthen this year, the president will make clear that we can’t see another self-inflicted wound from Washington,” a White House official said. “The president will urge Congress to come together and act to ensure these devastating cuts to defense and job-creating programs don’t take effect.”
The ‘sequestration’ cuts have been a source of political schizophrenia for Obama. First, his White House proposed the automatic cuts mechanism during the debt debate of 2011. Since then, they’ve attempted to pass it off as Congress’ idea, but Bob Woodward’s reporting has taken their mendacity apart at the seams.