AP
In a press conference Friday, President
Meanwhile, Republican House Speaker
While conventional wisdom tends to side with Obama on this issue, it's worth noting that there is some truth behind Boehner's argument.
Despite the President's doomsday rhetoric, the
In fact, Obama and Congressional leaders did not meet face-to-face about the sequester until Friday, the day that the cuts were scheduled to go into effect.
Negotiations also stalled in the Senate, where Republican aides have claimed that their Democratic counterparts made little effort to reach a deal in the two months following the year-end fiscal cliff agreement that pushed back the sequester deadline to March 1.
That is not to say that
Both the White House and Senate Democrats put forward proposals to replace the sequester through a combination of spending cuts and new revenues, obtained primarily by closing tax loopholes and capping deductions.
But Senate Democrats made few attempts to get Republican support for their bill, which was loaded with liberal priorities, including the Buffett Rule and an end to tax breaks for oil companies.
In what was widely seen as a show vote last week, the bill failed to win the 60 votes needed to avoid a filibuster. A Republican alternative, which would have given Obama more flexibility in administering the cuts, also failed.
"Democrats did not include
Democratic Senate aides counter that any attempt to revive talks would have been futile, given Republican opposition to new revenues. They correctly note that, since the fiscal cliff deal, Senate Republican leaders have categorically rejected any sequester deal that included additional tax revenues.
"They had no interest in any deal that included even a penny of new revenue," one Senate Democratic aide told Business Insider. "So while there were certainly conversations among members and dialogue, it’s very difficult to negotiate unless you have someone at the other side of the table who is willing to compromise as well."
While it is true that Senate GOP leaders have no political will for a compromise — both McConnell and his No. 2, Sen. John Cornyn (R-Texas), are up for re-election in 2014 — other Republican Senators have indicated they may be open to a comprehensive deficit reduction package that includes some new revenue.
Now that the sequester deadline has passed, the President has begun to reach out to those rank-and-file Republican Senators, Obama's chief economic advisor Gene Sperling said on "Meet The Press" Sunday.
But this new outreach effort raises a key question about Obama's sequester warnings: If the cuts are really as devastating as he claims, why wait until after the deadline to reach out to lawmakers who are willing to compromise?
Democrats would argue that House Republicans were never going to accept a sequester deal that included new revenues. That may be true, but at least Obama would have been doing something to avoid the painful