The media has been telling me since 2011 that the economy is doing great. How many stories have played just in the last two months about how we don't have enough construction workers? President Obama himself told us long ago that he had fixed the private sector and now only needed to work on the public sector. (I'm sure we all know scads of government workers who have been laid off, right guys? Um, guys? Anybody?)
I actually do believe the sequester is good fiscal policy. It spreads the pain, forces fiscal restraint where none would otherwise be imposed, and may even spur some government agencies to look for ways to not waste money. I don't "own it" because since it was not my idea, that would be rude to President Obama. And austerity? Please! Total federal spending in 2003 was $2.16T (2012 equivalent dollars, 19.7% of GDP) with two wars going full blast. Total federal spending in 2011 was $3.60T (2012 equivalent dollars, 24.1% of GDP) with one war ended and one winding down. There is no rational definition of austerity that fits that behavior.
Obligatory link to the very liberal Brookings/Urban Institutes' Tax Policy Center from whence came my data: http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=200
Perhaps Obama should have been more clear in proposing the sequester. Something like "I have a proposal, but I don't want to do it, and if we do do it then I want you guys to take the blame for anything bad, m'kay?"
Except of course there is and I'm quite sure you know it. You are trying to do the same thing that Fern did in another thread, which is make up your own definition of austerity and then claim the US isn't doing it. For the sake of rational discussion we should use the definition that economists and policy analysts use as opposed to ones that either the internet makes up or that political parties invent for their own interests. Sound good?
If we are using economics definitions as opposed to made up ones, the US has engaged in modest austerity over the last few years and Europe has engaged in significant austerity. You can read the same as I can and you have seen the utter failure of conservative economics in this regard. I'm sure you do think it is good policy, but reality disagrees.
Oh, and trying to compare federal spending in 2003 to current in absolute numbers? You're making yourself look ignorant.
Obama didn't need to be clearer, as he isn't trying to convince you. Your first paragraph shows that you would rather attempt to cherry pick a single quote of his about the economy's strength than select dozens if not hundreds of his about its weakness. That shows either a partisan interest in getting the facts wrong or a delusional view of reality.
The facts couldn't be simpler. The Republicans made a ransom demand and this was Obama's response. It is only owned by Obama if you think the ransomer bears no responsibility for the situation he creates. I can't help but notice that neither you or any other conservative poster answered the two questions I asked. Why are you guys fighting so hard to avoid it?