Sen. Tom Coburn has said sequestration will happen and that the pain isÂ necessaryÂ for both sides to make tough cuts to the federal budget going forward, according to an MSNBC article.
âItâs a stupid way to govern, but thatâs the way weâre doing it right now, said the Republican senator for Oklahoma.
“I think the blame lies on everyoneâs shoulders including the presidentâs. Weâre going to start coming around and picking and choosing whatâs important and eliminating whatâs not of great value and what we canât afford,” he added.
Coburn said eliminating wasteful spending in addition toÂ reforming Medicare and implementing a more competitive healthcare cost model areÂ necessaryÂ steps forward in reducing the deficit.
According to NBC News’ Chuck Todd, there are 27 days from the date of the sequester until governmentÂ is unable to borrow anymore money.
He said the pain the markets feel during that time might spur Congress to action.