WASHINGTON (CBS DC) — With a March 1 sequester on the line, South Carolina Sen. Lindsey Graham proposed that Congress could save money by putting the Affordable Care Act on the table of possible cutbacks.

The Republican senator told Fox News on Sunday that the Act – also referred to as “Obamacare” – should be considered as one of the major ways to cut back on spending.

“Here’s my belief: Let’s take Obamacare and put it on the table,” he said. “People are leaving the private sector because their companies can’t afford to offer Obamacare,” Graham told Fox News Sunday. “If you want to look at ways to find $1.2 trillion in savings over the next decade, let’s look at Obamacare. Let’s don’t [sic] destroy the military and just cut blindly across the board.”

The Obama administration recently released a fact sheet that details the massive effect that a sequester would have on the economy should Congress not pass spending cuts by March 1. This includes a reduction in loan guarantees to small businesses by more than $900 million.

Fox News Sunday anchor Chris Wallace noted that the blame for such an event would most likely be put on Republicans.

However, Graham said he believes blame should be placed squarely on President Obama, who “came up with the idea of sequestration.”

“The president promised this wouldn’t happen,” said Graham. “He’s the commander in chief, and on his watch we’re going to begin to unravel the finest military in the history of the world at the time we need it most.”