Regarding the sequestration he says:
The first thing that needs to be explained my dear colleagues and friends is that these are not spending cuts. They are a reduction in the amount of increase.
So, instead of spending going up like that:
it’s going to go up like that:
But the federal government will spend more money even with the sequester in 2013 than it spent without them in 2012.
We’re not talking about the president firing or furloughing soldiers or TSA works or FAA air traffic controllers. We’re talking about him hiring fewer of them.