"The question is, what are we going to do about it?"
Democrats are reportedly considering a bill that averts the $85 billion in spending cuts under the sequester with a package of $55 billion in new taxes over 10 years, and a bit more than that in spending cuts. The taxes are expected to include a minimum tax on the wealthy.
"They still haven't put forward a serious proposal of replacement spending cuts," he said. "What a colossal waste of time."
McConnell also criticized their pending proposal as a last-minute rush job, as opposed to proposals House Republicans passed last year that were ignored by Senate Democrats. He said that's a pattern Democrats continue to repeat.
"Republicans identify a challenge and propose a solution well in advance," he said. "Democrats sit on their hands until the last minute, then they offer some gimmicky bill designed to fail.
"And then comes the final act: President Obama rides in to blame everyone else. Obviously tomorrow's State of the Union address would provide a perfect forum for that. So we'll see if history repeats itself once again. But frankly, this whole routine is getting quite old."