President Obama To Urge Lawmakers To Delay Automatic Spending Cuts
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
(29,876 posts)Goodells2ndChin
(3 posts)and tell Obama that he needs to figure out where the cuts come from
snappyturtle
(14,656 posts)Angry Dragon
(36,693 posts)Purveyor
(29,876 posts)Lasher
(27,597 posts)Spending cuts mostly in military, education, and farm subsidies. No cuts in Social Security or Medicare. That's what we're talking about.
Bandit
(21,475 posts)I guess he really did not mean it....
TomCADem
(17,387 posts)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
(211 posts)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
(12,165 posts)Seems like a GOP wet dream to me - cutting a million jobs from government.