The sequester

I know I should have chimed in on this weeks ago, but who has the time these days, and I really have to admit I don't understand the sequester on government spending.  Apparently it has something to do with a budget act that Obama had signed into law that calls for massive spending cuts that will result in the loss of around 750,000 jobs in a time when we cannot afford to loose one job. At least that's my understanding.  However, it does cut quite a bit from defense which is something that I think America should be doing now that the cold war is over.

If this was going to be problem, why did Obama sign it into law in 2011?  Government should be spending money now to create jobs rather than worrying about the deficit.  They should be acting as the employer of last resort in order to get Americans back to work. 

It seems that the Republican controlled House of Representatives wants nothing more than to be thorn in Obama's side, and make sure that there is complete gridlock when it comes to moving this country forward.  I hope the Democrats can take control of the House after the 2013 election, then there might be a slim chance of Obama making some progress in restoring this country's economy.