Only in Washington is a reduction in the rate of growth of spending called a "cut." Moreover, costly boondoggles not covered by the sequester can continue and grow.
Obviously Obama wants public alarm, which he can use to help defeat the Republicans in the 2014 elections, so that Democrats can take back control of the House of Representatives.
When Obama was offered the authority to make the spending cuts wherever he chooses, anywhere in the government's multi-trillion dollar budget, it was the only power that this power-grabbing president has rejected.
Why? Because with this new power would go responsibility for the consequences of his choices. And responsibility for consequences is precisely what both the Obama administration and the Senate Democrats have been avoiding for years, by refusing to pass a federal budget, as required by the Constitution of the United States.
Democrats prefer to get the political benefits from handing out goodies, while Republicans can be blamed for not subsequently raising enough taxes to pay for the Democrats' spending spree.
If Obama succeeds in maneuvering the Republicans into positions that cause them to lose control of the House of Representatives in the 2014 elections, then as a president who never has to face the voters again, he would be in an ideal position to create a big spending liberals' heaven.
But it will be far from heaven for the economy, with Obama-appointed bureaucrats burying businesses in red tape and job-killing costs, while expanding the size and arbitrary powers of government. We could become the world's largest banana republic.