“Two weeks from today, if Congress fails to act, the Republican policy – the Republican policy – of sequestration will take effect. Sequestration is a dangerous and irrational policy, or, as Leader Pelosi said, cutting across the board without reference to priority level. It will have devastating effects on our national security and economic recovery. Thousands of Americans will lose their jobs or be furloughed, including teachers, researchers, law enforcement agents, military contractors. “Everyone should be clear that sequestration is a Republican policy, and it is a bad policy. On July 19, 2011, 229 Republicans, that’s 98% of their caucus, voted for the ‘Cut, Cap, and Balance’ bill that employed the irrational approach of sequestration as an alternative to cutting spending in a rational and balanced way. So when the American people hear this is something that President Obama wanted to do, they ought to know that’s not true, period. This is a Republican policy, included in their bill that they offered July 11, 2011, before there was any discussion between Mr. Obama and Mr. Boehner to avoid the debt limit being violated and having America’s credit undermined. That’s when it was brought up, because it was Republican policy, and [...]
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