The threat of higher taxes
Automatic Sequester
By Guest Column Sylvia E. Warren—— Bio and Archives--March 1, 2013
Letters to the Editor | Comments | Back To Full Article
Back on July 31, 2011, the Obama administration (whitehouse.gov) issued a press release entitled "Fact Sheet: Bipartisan Debt Deal: A Win for the Economy and Budget Discipline." In this press release, President Obama takes credit for the "Automatic Sequester", saying that, "We at least put in place an additional $1.2trillion in deficit reduction by 2013."
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