- Post 09 September 2012
- By Copy Editor
(Breitbart) - President Barack Obama on Friday missed the legal deadline for reporting to Congress about what spending cuts, including those to defense, the White House would propose as part of the sequestration that the Budget Control Act mandates.
White House spokesman Jay Carney said the report, which will have to detail $109 billion in proposed budget cuts, will be submitted next week.
In August, Obama signed the Sequestration Transparency Act, which required him to submit the report to Congress by Friday.
And even worse, as Bob Woodward reveals in his book, The Price of Politics, the idea for sequestration had actually “originated in the White House – and not in Congress”
According to the book, White House Chief of Staff Jack Lew, who was then-OMB director, pitched the idea to Harry Reid because they felt the prospect of “massive defense cuts would compel Republicans to agree to the so-called ‘grand bargain.’” ... continues...