With less than three weeks before devastating, across the board cuts – the so-called "sequester" – are slated to hit, affecting our national security, job creation and economic growth, we must make sure we are having a debate over how to deal with these looming deadlines that is based on facts- not myths being spread by some Congressional Republicans who would rather see these cuts hit than ask the wealthiest and big corporations to pay a little bit more.
First, the notion that President Obama hasn't put forward a solution to deal with these looming cuts is false. In the fall of 2011, the President put forward a proposal to the Supercommittee for the specific purpose of laying out his vision to resolve the sequester and reduce our deficit by over $4 trillion dollars in a balanced way- by cutting spending, finding savings in entitlement programs and asking the wealthiest to pay their fair share. That proposal would have completely turned off the sequester while further reducing our deficit and ensuring we could still invest in the things we need to grow our economy and create jobs. That same approach was presented to Congress in the President's budget last year. And the President's last offer to Speaker Boehner in December remains on the table- an offer that meets the Republicans halfway on spending and on revenues, and would permanently turn off the sequester and put us on a fiscally sustainable path.
We should have a debate over how to best reduce the deficit. But with only three weeks until these indiscriminate cuts hit, Congress should find a short term package to give themselves a little more time to find a solution to permanently turn off the sequester. That package should have balance and include spending cuts and revenues.