Washington's addiction to manufactured crises is the result of one party's stubborn economic ignorance -- time for the press to call it out. Reuters The sequester is happening, people. At some point today, President Obama will send an order to cut $85 billion in spending in 2013, and then, slowly, those cuts will take place.The extremely specific reason why the sequester is happening is because it's the law and there is no deal on the table to replace it with another law.