Washington Stare-Down Intensifies

President Barack Obama as he appeared on
"60 Minutes," January 27, 2013.

This afternoon, President Obama concluded his comments to shipyard workers in Virginia, spouting words of doom about what will happen beginning Friday, if the GOP does not come to terms about resolving the latest self-imposed budget crisis. 

The trigger for this presumed disaster is the ‘sequester,’ a failed political strategy which, at the 11^th hour, has become the straightjacket into which Obama and both branches of the Congress bound themselves in 2011.
Now they are in a cat fight over how to cut the binding.