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Winning the majority congressional republicans are holding the government sort of hostage. tonight we are nine days away from another self-imposed man made crisis in washington. this one they call the sequester, which is a word i have diligently avoided until now because it makes me liss. we are nine days away from slashing the budget across the board was republicans and democrats both agreed that that should happen, there should be that threat if they couldn't agree on how to lower the deficit by now. everybody agrees that doing this will throw a huge wrench into the gears of the economy. it ...

Done that we otherwise wouldn't do, or should we make a case based on american history that we can legislate threw normal means and still have real debates? >> no, i think this is really important point to make. this is not a -- none of this is a lesson that brinksmanship works. it is a lesson that not compromising doesn't work if you want to get things done under a divided government there is nothing stopping the u.s. government, congress, and the president from coming to a compromise. all that republicans would need to do is accept a certain number of tax expenditure cuts which they already ...

Worry, they would go on to possibly shutting down the government next month, or, or they could wait a couple of months and breach the debt ceiling, both which would probably be significantly worse than using the sequester. they could of course choose to do none of them. they could choose to not destroy the economy for no particular reason. they could decide not to have terrible cuts that don't have a purpose behind them that honestly achieve nobody's goals, including those of deficit hawks. they have not come to that solution because it would require climbing down from trees they have all scur...

Reason. at the moment they're not doing that, because in the weird calculus of the sequester, they created a thing so terrible that we would never let it happen, and thus we would come to some bigger deal they would like better. we didn't come to that bigger deal, and so we now need to let the thing that we would never let happen now happen. it doesn't make a lot of sense, but it appears to make a kind of twisted sense that is appealing to house republicans. >> let's say they did not do the thing that everybody says would be a bad thing to do. let's say they did repeal the sequester and not go...

Legal caps in the law that says government agencies cannot spend over a set amount of money. and if they breach that amount, across-the-board sequester comes in to cut that spending and you can't turn that off without a super majority vote. we got that in law. >> we got that in law. we've been fighting for that. fast forward to now and paul ryan is thinking the opposite. now he is saying he doesn't like the idea. and it's the president's problem, the president's own making. >> it's the president who first proposed the sequester. >> everybody hates this upcoming made-up crisis, which is good, b...