The PowerPoint That Proves It?s Not Obama?s Sequester After All - The Daily Beast
Congress passed sequestration before the president signed it, and the whole self-defeating exercise was carried out in response to Tea Party Republicans’ insistence that we play chicken with the debt ceiling, which ultimately cost America its AAA credit rating.
But here’s the thing. I happened to come across an old email that throws cold water on House Republicans’ attempts to call this “Obama’s Sequester.”
It’s a PowerPoint presentation that Boehner’s office developed with the Republican Policy Committee and sent out to the Capitol Hill GOP on July 31, 2011. Intended to explain the outline of the proposed debt deal, the presentation is titled: “Two Step Approach to Hold President Obama Accountable.”
It’s essentially an internal sales document from the old dealmaker Boehner to his unruly and often unreasonable Tea Party cohort. But it’s clear as day in the presentation that “sequestration” was considered a cudgel to guarantee a reduction in federal spending—the conservatives’ necessary condition for not having America default on its obligations.
The presentation lays out the deal in clear terms, describing the spending backstop as “automatic across-the-board cuts (‘sequestration’

. Same mechanism used in 1997 Balanced Budget Agreement.”