WASHINGTON — President Barack Obama sounded a dire alarm once again on the set of automatic, mandatory spending cuts known as the sequester, warning that hundreds of thousands will unemployment rolls if Congress doesn’t act.
“These cuts are not smart, they are not fair, they will add hundreds of thousands of people to the unemployment roles,” Obama said. “This is not an abstraction. People will lose their jobs. The unemployment rate might tick up again.”
The cuts, mandated by the Budget Control Act of 2011 in an attempt to force a bipartisan deficit reduction agreement, would take a “meat cleaver” to government, Obama said, cutting indiscriminately across all federal programs. Unless Congress offsets them with more targeted spending cuts, tax increases, or both, the cuts will take effect on March 1.
Obama’s remarks on Tuesday were little different from what he said two weeks ago — the last time he addressed reporters on the sequester — and little, if any, progress has been made with congressional lawmakers. The president used a backdrop of “emergency responders” to make his point, warning of cuts to law enforcement, food safety, and the military if Congress doesn’t act.
“Already these cuts have forced the Navy to delay an aircraft carrier that was supposed to be deployed to the Gulf,” Obama said.
With Congress out of session until next week, Obama’s remarks were designed to increase pressure on Republicans to cut loopholes that benefit “special interests” and millionaires.
“Are you willing to see a bunch of emergency responders lose their jobs because you want to protect some special interests?” Obama asked.
Obama wants a “balanced” deal that includes revenue increases from cutting loopholes and deductions in the tax code as well as spending cuts. Republicans want to close the loopholes and deductions and use the revenue to lower tax rates, while paying for the sequester with entitlement reform and other spending cuts.
“Americans know that if they give President Obama more tax revenue, he isn’t going to use it to reduce the deficit; he’s going to spend it,” said Brendan Buck, a spokesman for Speaker of the House John Boehner.
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- BB thinks Obama: Unemployment Will Rise If Cong... is Fail
Because otherwise the United States would have defaulted on its debts, causing even more massive problems at that time. So the plan was, we will deal with this within the next couple of years, but this emergency must be fixed right now, and the only way Republicans will deal is if they get what they want. What they wanted was automatic spending cuts with no tax increases. That was the sequester. Because of all this, for the first time, the United States of America had its credit downgraded. All because a bunch of Tea Party folks with no idea how the economy works decided ideology was more important than the people they represent. So, yes, it is Obama’s fault, for thinking he could ever trust the fanatical right to compromise on anything.
- Rooster Nugget thinks Obama: Unemployment Will Rise If Cong... is Fail