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Tue Feb 5, 2013, 11:22 AM

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

11 replies, 1836 views

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Response to Purveyor (Original post)

Tue Feb 5, 2013, 11:22 AM

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

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Response to Purveyor (Original post)

Tue Feb 5, 2013, 11:23 AM

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

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Response to Goodells2ndChin (Reply #2)

Tue Feb 5, 2013, 11:25 AM

3. Oh really. LOL nt

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Response to Goodells2ndChin (Reply #2)

Tue Feb 5, 2013, 04:50 PM

9. legislative wages and perks

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Response to Purveyor (Original post)

Tue Feb 5, 2013, 11:27 AM

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

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Response to Purveyor (Original post)

Tue Feb 5, 2013, 11:34 AM

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.

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Response to Purveyor (Original post)

Tue Feb 5, 2013, 12:51 PM

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....

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Response to Purveyor (Original post)

Tue Feb 5, 2013, 01:23 PM

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.

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Response to Purveyor (Original post)

Tue Feb 5, 2013, 03:10 PM

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

Last edited Tue Feb 5, 2013, 11:07 PM - Edit history (1)

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

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Response to Purveyor (Original post)

Tue Feb 5, 2013, 06:22 PM

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.

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Response to Purveyor (Original post)

Wed Feb 6, 2013, 07:33 AM

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

 

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