In less than two weeks, dangerous across the board budget cuts are slated to take effect, potentially threatening hundreds of thousands of jobs, our national security and our economic recovery. The President has laid out a specific plan with detailed cuts to avoid the sequester and reduce the deficit in a balanced way by cutting spending, reforming entitlements and closing tax loopholes for the wealthiest and big corporations - loopholes not available to the middle class -- and Congressional Democrats have put forward a balanced approach as well.
The only party unwilling to compromise to avoid these devastating cuts are Congressional Republicans, who would rather see our recovery and middle class economic security be put at risk than close one tax loophole for big corporations and the wealthiest.
Tonight, in an effort to distract from this reality, the Leader of the Republican party took to the opinion pages of the Wall Street Journal to engage in an amazing act of revisionist history. Instead of communicating with the American people - who support a balanced approach to reduce the deficit - about finding a compromise, the Republican Leadership once again launched a series of false attacks instead of putting forward ways to resolve this issue in a bipartisan way.
So let's set the record straight.