I have a theory on this sequester business. I think a number of Republican and Democratic politicians secretly want it. Some Democrats (most notably, Howard Dean) believe this is the only way they’re going to get military spending under control, and some Republicans feel this is the only way they’re going to get any spending cuts at all.
Neither side is happy with all the cuts, but none of them are ever going to happen any other way, and this option, which requires nothing but continued inaction, enables each party to blame the other. Ask yourself a question: would Congress have passed this ticking time bomb in the first place if it really didn’t want it to go off?