Coburn: US 'Needs' the Sequester to Happen

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Oklahoma Senator and top Republican budget cutting advocate Tom Coburn spoke in favor of the sequester on Tuesday, saying the nation "needs" that to happen.

The comments, made on CNBC, back Larry Kudlow's own insistence that sequester will actually boost the economy because lower government spending gives the private sector more room to grow.

(Read More: President Isn't 'Moving Goal Posts': Obama Adviser)

On Tuesday, U.S. President Barack Obama gave a stark warning about the sequester, calling it a "dumb way to do things."

"This work, along with hundreds of thousands of jobs, is currently in jeopardy because of politics in Washington," Obama said to shipyard workers in Newsport News, Virginia.

On the same day, Fed Chief Ben Bernanke warned that the mandatory budget cuts could become a case of too much, too soon for the country's fragile economic recovery

This week the most dire threat yet was made by Homeland Security Secretary Janet Napolitano, who said the U.S. wouldn't be able to thwart terrorist attacks as effectively as it could without the Sequester. That raised critics' hackles who asked why the administration would wait so long to issue such a dire warning.

(Read More: Americans Call Sequester a 'Bad Idea')

Today, President Obama traveled to Newport News, Virginia to visit with Navy shipbuilders who he says will suffer job losses when the Sequester kicks in. But here's the thing: what if the Sequester isn't blocked and all the dire predictions don't come to pass? Will there be a political price to play for crying wolf?