President Barack Obama and House Speaker John Boehner emerged from their White House meeting on sequestration blaming each other for the automatic spending cuts and misrepresenting the other side’s position:
Obama’s remarks left the false impression that Boehner has reneged on a GOP plan to raise $800 billion by limiting tax breaks for the wealthy. Boehner offered that plan in December as an alternative to raising income tax rates. But that plan was dropped when Obama and Republicans agreed to raise rates,