The Budget Control Act of 2011, signed by President Obama on Aug. 2, 2011, ended the federal debt-ceiling fight that had threatened to force the US government to default by Aug. 3. The bill also contained a mechanism to ensure future budget negotiations: the sequester, as it came to be called. The sequester was designed to be so unpalatable in the eyes of both Republicans and Democrats that they'd work hard to strike a deal. Needless to say, the sequester was not dire enough to avoid what both political parties should agree is a self-inflicted wound.