White House “recalibrating” on sequester hysteria after world keeps turning « Hot Air: "If they really thought that the hysterics would force House Republicans to cave, then they’re reading far too much of their own press. The shift in leverage was obvious from the moment that the tax-rate issues were settled without any further sunset-clause extensions. Republicans might not like the nature of the cuts, but they weren’t about to offer more revenue for spending reductions — and they didn’t have to do so, thanks to the automatic application of the sequester, which Obama and his team authored."
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