Sequestration was Obama’s idea, a device to force a bi-partisan congressional committee to accept budget cuts based on the Simpson-Bowes Commission’s recommendations. The committee failed thanks to the political gridlock in Washington. We are afflicted by 100 Senators and 435 Representatives who are incapable of applying common sense and fiscal solutions to an economy whose problems can too often be traced back to existing government programs.
The problem is too much spending. The problem is too much waste. The problem is the mismanagement of government agencies. The problem is huge entitlement programs in need of reform. The problem is an entrenched bureaucracy. The problem is a failure of oversight by Congress.