Automatic, across the board federal spending cuts are less than two weeks away. If Congress and the White House don’t reach an agreement to reduce the debt, the sequester will take effect. Indiana Senator calls that prospect a terrible way to force a solution, but he says his Republican counterparts are realizing its the only leverage to get President Obama to make cuts. He compares the looming deadline to the New Year‘s expiration of the Bush tax cuts, when the GOP let tax cuts expire for the wealthiest taxpayers to avoid the automatic expiration of all the cuts.