President Obama To Urge Lawmakers To Delay Automatic Spending Cuts

[Purveyor]

Source: Bloomberg

President Barack Obama will urge Congress to delay automatic spending cuts scheduled to take effect on March 1 to avoid the economic effects of a sudden drop in U.S. government spending.

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“Uncertainty around the sequester is already having a negative impact on our economic growth,” the statement said. Allowing it to take effect “would cost hundreds of thousands of American jobs and have devastating impacts on our economy,” it said.

Read more: http://www.bloomberg.com/news/2013-02-05/obama-to-urge-lawmakers-to-delay-automatic-spending-cuts.html

[Purveyor]

1. Obama will speak at 1:15 p.m. at the White House today on this matter. eom

[Goodells2ndChin]

2. This is where Republicans state that they want massive cuts

and tell Obama that he needs to figure out where the cuts come from

[snappyturtle]

3. Oh really. LOL nt

[Angry Dragon]

9. legislative wages and perks

[Purveyor]

4. House Leaders Weigh U.S. Spending Bill Below $1 Trillion

http://www.democraticunderground.com/1251283993

[Lasher]

5. Sequestration

Spending cuts mostly in military, education, and farm subsidies. No cuts in Social Security or Medicare. That's what we're talking about.

[Bandit]

6. I seem to recall Obama saying he would veto any attempt to change or go around the sequestration

I guess he really did not mean it....

[TomCADem]

7. Love How House Republicans Are Trying To Blame The Sequester On President Obama

When it is due to their threats to default on the Nation's debt AND if they don't like it, they could easily repeal it.

[mostlyconfused]

8. I'd say the best bet is not to cut any spending. ever.

Last edited Wed Feb 6, 2013, 12:07 AM - Edit history (1)

Just keep increasing it, since we know that strategy won't have any economic effects.

[Politicub]

10. What's in it for republicans to stop the sequester?

Seems like a GOP wet dream to me - cutting a million jobs from government.

[xoom]

11. Anyone have an update on this?? I cant seem to find anything..