Obama: We have to reduce the debt ceiling by saving some money here and there.
Obama: Like by increasing taxes here and there.
Republican: No way
Obama: Fine, then we’re going to cut money to research when we don’t reach an agreement before March 1st (or another date, cause we cause this kind of panic all the time)
Republican: Fine, see if I care
|What I think this conversation looks like. source|
But really, we should do something about it! And I still don't understand the whole sequestration thing, to be completely honest.