Fox News ignored previous Republican praise for the law that created the upcoming sequester -- across-the-board government spending cuts -- to blame President Obama for potential negative effects if the cuts occur as scheduled on March 1.
The 2011 Budget Control Act created the sequester as an incentive for Congress to agree on deficit reduction measures. If Congress didn't pass those reductions above a certain threshold, the spending cuts in the sequester would automatically take place. A deal at the beginning of the year delayed the start of those cuts, which are now scheduled to take effect March 1.
Despite prior GOP praise for the law that created the sequester, Fox News is blaming Obama for its negative consequences. Responding to the president's request that Congress find a way to avoid the sequester, a Fox Nation headline on Wednesday declared: "Obama Seeks to Void Cuts He Signed Into Law." That same day, Fox & Friends co-host Steve Doocy called the sequester "the invention of the White House." On Tuesday's edition of America Live, Fox's Chris Stirewalt said of the sequester: "remember, this was [Obama's] idea."
After the 2011 Budget Control Act passed, however, senior House Republicans hailed it as a potential game-changer on spending cuts -- a fact that Fox News has been hiding as the network blames Obama for the creation of the sequester. After it passed, House Majority Leader Eric Cantor said the law "will finally begin to change the way Washington spends taxpayer dollars." Speaker of the House John Boehner touted the law as "a positive step forward that begins to rein in federal spending." House Budget Committee Chairman and former Republican vice presidential candidate Paul Ryan said:
The Budget Control Act represents a victory for those committed to controlling government spending and growing our economy. I applaud Speaker Boehner's leadership in stopping tax increases on job creators, rejecting President Obama's demands for a blank check to keep borrowing, and advancing real spending cuts and controls.
But the sequester contains spending cuts that will seriously weaken the economic recovery. MarketWatch reported that the Congressional Budget Office estimated that the sequester would halve U.S. economic growth this year, and the Bipartisan Policy Center estimated that it would cut one million jobs if it took effect. Recognizing these harmful effects, Obama is now urging Congress to find a way to further delay the sequester to find a permanent replacement to it.