It all started back in 2011 during the showdown over raising our debt ceiling…

Republicans wanted spending cuts… Obama wanted to raise taxes.

Which led to a budget crisis that Congress solved by not solving it. Instead, they handed it over to something called the "super congress," which couldn't fail because it was super. Unfortunately it was also Congress… So it failed.

As a result, we are facing another thing called "sequestration"… Automatic spending cuts that both sides agree would trigger a new recession.

It's like Congress put a gun to the economy's head and swore it would pull the trigger if Congress doesn't put its own gun down.


--Stephen Colbert's--The Colbert Report