Although Sen. Charles Schumer originally described the sequester as "a sword of equal sharpness and strength hanging over each party's head," many lawmakers are now comfortable with letting the automatic spending cuts take effect after the failure of the deficit panel.
The legislative mechanism that will force automatic cuts in defense and domestic programs now that the deficit panel did not fulfill its mission has gone from being a “sword” hanging over lawmakers to a “silver lining” rewarding them for inaction.
The sequester was among the final elements to be decided as part of the August law that raised the ceiling on government borrowing and created the Joint Committee on Deficit Reduction. It was widely believed at the time that those cuts would be too difficult for Congress to accept and would spur the panel to reach a consensus on at least $1.2 trillion in budget savings over the next decade.
When the idea was first developed, Sen. Charles Schumer (D-N.Y.) described the sequester as “a sword of equal sharpness and strength hanging over each party’s head.”
Democrats would be loath to accept the reduction in domestic spending, and Republicans would compromise to avert the threat to the Pentagon, Schumer said July 31, two days before the Senate cleared the debt limit bill.
Senate Minority Leader Mitch McConnell (R-Ky.) said on the same day that he thought it “highly unlikely” the joint committee would deadlock, for the same reason.
Even last week, Speaker John Boehner (R-Ohio) warned against the prospect that the panel might come up short.
“It’s important for the committee to work,” Boehner said. “The sequester was ugly. It was designed to be ugly because we didn’t want anybody to go there.”
But the panel is going there, and some of its members embraced it during the weekend as a way to further reduce annual deficits and possibly distract from their own inability to come up with a plan.
“The good news, if there is no agreement, the nation is going to end up with what Republicans said,” Rep. Jeb Hensarling (R-Texas), the panel’s co-chairman, said Sunday. “There will be a dollar spending reduction for every dollar increase in the debt ceiling.”
Sen. Pat Toomey (R-Pa.) called the sequester a “silver lining” amid the panel’s disappointing conclusion. “We’re going to get the spending cuts anyway.”
The panel’s Democrats, too, are not backing away from the automatic spending reductions.
“The triggers give us $1.2 trillion in savings,” Rep. Xavier Becerra (D-Calif.) said. “I think there’s smarter ways to do it than with triggers. But you start shaving away the responsibility to actually [enact] some of those cuts and savings, and guess what? You are in a worse hole than a year from today.”
Rep. Christopher H. Smith, R-N.J., left, David Goldman, center, and Arvind Chawdra right, attend a news conference in the Rayburn House Office Building on international child abduction. Goldman and Chawdra are fathers whose children were abducted by their mothers and taken abroad.
Each year since 1990, CQ Roll Call has reviewed the financial disclosures of all 541 senators, representatives and delegates to determine the 50 richest members of Congress. This year's report, derived from forms covering the calendar year 2012, shows it took a net worth of $6.67 million to crack the exclusive club.