Congress recognized the wisdom of educating employees about whistleblower programs when it passed the Deficit Reduction Act of 2005.

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In 1985, the Gramm-Rudman-Hollings Deficit Reduction Act (GRHDRA) created the notion of sequestration.

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The White House budget office noted in September that sequestration was designed during the 2011 standoff over raising the federal debt ceiling as "a mechanism to force Congress to act on further deficit reduction" -- a kind of doomsday device that was never meant to be triggered.

CNN: STORY HIGHLIGHTS

The bottom line remains the same: the Affordable Care Act is the largest deficit reduction package enacted in over a decade according to CBO.

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Contrary to what many thought when this process began, the health reform bills represent the biggest deficit reduction legislation since the 1997 Balanced Budget Act.

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And the super committee will go about its business with great seriousness and sense of purpose, will take his proposals into account, and produce a balanced, bipartisan product that Congress can then act on that represents significant deficit and debt reduction.

WHITEHOUSE: Press Briefing