Obama says Sequester will be harmful to economy

Posted in the Minneapolis Forum

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non-starter

Saint Paul, MN

#1 Feb 19, 2013
Obama:‘Meat-cleaver’ sequester will savage jobs

By Olivier Knox and Rachel Rose Hartman | The Ticket – 5 hrs ago...


President Barack Obama talks against automatic spending cuts scheduled to take effect next week.(Larry Downin …Conjuring up the specter of fired teachers, furloughed FBI agents, idled Border Patrol agents, sidelined firefighters, criminals freed by cutbacks and "hundreds of thousands" of lost jobs, President Barack Obama pressed congressional Republicans on Tuesday to agree to increase tax revenues as part of a plan to avert "brutal" across-the-board spending cuts set to take effect one week from Friday.

"If Congress allows this meat-cleaver approach to take place, it will jeopardize our military readiness, it will eviscerate job-creating investments in education and energy and medical research," Obama warned in a speech at the White House, flanked by emergency workers.“It won’t consider whether we’re cutting some bloated program that has outlived its usefulness or a vital service that Americans depend on every single day.”

Under a 2011 law, the so-called "sequester" will slash about $85 billion starting March 1 unless Congress agrees to a new round of deficit reduction. But with time quickly ticking down, lawmakers do not appear to have a solution in the works. Obama has repeatedly called for a blend of spending cuts chiefly affecting entitlement programs like Medicare and new tax increases achieved by targeting loopholes that chiefly benefit the wealthy and rich industries. Republicans have rejected that approach—while blaming the White House for coming up with the sequester. The across-the-board cuts, which Congress approved, are the price to pay for lawmakers' failure to come up with a compromise to stem the tide of red ink that has flooded the nation's finances.

"These cuts are not smart, they are not fair, they will hurt our economy, they will add hundreds of thousands of Americans to the unemployment rolls," Obama said. "This is not an abstraction. People will lose their jobs."

Obama again urged Congress to pass a short-term budget fix in the absence of a complete budget resolution.

“I am willing to cut more spending that we don’t need, get rid of programs that aren’t working” and pare down entitlement outlays while boosting government revenues by overhauling the tax code, Obama said. That “balanced approach [could] finish the job of deficit reduction.”

But “at a minimum, Congress should pass a smaller package of spending cuts and tax reforms … not to kick the can down the road, but to give them time to work together on a plan that finishes the job of deficit reduction in a sensible way," he said.

Republican House Speaker John Boehner immediately panned the president’s performance.

“Once again, the president offered no credible plan that can pass Congress—only more calls for higher taxes,” Boehner said in a statement.

“We should close loopholes and carve-outs in the tax code, but that revenue should be used to lower rates across the board,” the Republican leader said.“Tax reform is a once-in-a-generation opportunity to boost job creation in America. It should not be squandered to enable more Washington spending. Spending is the problem, spending must be the focus.”

Problem is, the Dems want tax increases to cover all the cuts made. The only way the Republicans get real cuts is letting the sequester take place.

Since: Sep 11

Rogers, MN

#2 Feb 19, 2013
I saw an article indicating that this "sequester" thing was originally proposed by the white house. So ultimately, Obama has been, and is harmful to the economy. When Obama says "tax reform" he means tax increases which amounts to nothing. He is just pandering to his base with promises of sticking it to the so called rich. As I have mentioned before, most of the people in congress fall in to the so called rich category. People like Reid, Pelosi, Kerry, etc are not going to vote for anything that will actually increase their tax burden.

Since: Sep 11

Rogers, MN

#3 Feb 19, 2013
Oh, and the "short term fix" catch phrase, more crap that will do nothing. Or at best it will stall for time.
non-starter

Saint Paul, MN

#5 Feb 19, 2013
cantmakeitup wrote:
Oh, and the "short term fix" catch phrase, more crap that will do nothing. Or at best it will stall for time.
I think the strategy is to keep on pushing it out until after the 2014 elections. I think we should just get it over with now and have a rational discussion between the parties about how to fix these problems. The Republicans giving in to the Dems won't accomplish anything but delaying the inevitable.

Since: Sep 11

Rogers, MN

#6 Feb 19, 2013
non-starter wrote:
<quoted text>I think the strategy is to keep on pushing it out until after the 2014 elections. I think we should just get it over with now and have a rational discussion between the parties about how to fix these problems. The Republicans giving in to the Dems won't accomplish anything but delaying the inevitable.
"rational discussion between the parties about how to fix these problems."

That would be so funny if it weren't so sad. What do you think the odds are of that happening?
non-starter

Saint Paul, MN

#7 Feb 19, 2013
cantmakeitup wrote:
<quoted text>
"rational discussion between the parties about how to fix these problems."
That would be so funny if it weren't so sad. What do you think the odds are of that happening?
Somewhere between 2 and 5% chance of rational discourse. I think the most likely outcome is Democratic vilification of the Republican party prior to the sequester taking place, followed by a poorly thought out compromise a few days to a couple of weeks after the sequester takes place. Harry Reid can't even pass a budget, how can the Democratic Senate pass a bill that passes the Senate and the House?

Since: Oct 08

Location hidden

#8 Feb 19, 2013
This is really the only leverage the GOP has in it's battle to hold the line and forces some reductionsson spending. If they allow it to go by the 2014 elections, they have failed in their jobs and will be overrun by the left in the elections.
Awful Truth

Saint Paul, MN

#9 Feb 19, 2013
If the sequester happens the Republicans will be blamed and you'll see a massive shift to the left in 2014.
Bushwhacker

Seattle, WA

#10 Feb 19, 2013
"forces some reductionsson.."

Yeah, WHATEVER ! LMAOROTFU~! Too bad, the "right" was napping during Bush.... The chair ran the circus, right ?
non-starter

Saint Paul, MN

#11 Feb 19, 2013
Awful Truth wrote:
If the sequester happens the Republicans will be blamed and you'll see a massive shift to the left in 2014.
Nope. We are about as far left as the country can/will move right now.
Bushwhacker

Seattle, WA

#12 Feb 19, 2013
Guy who misquotes has ANYTHING intelligent to write ?? NOPE ~!!! Sorry pal, you're a liar and a cheap drama queen...

Since: Oct 08

Location hidden

#13 Feb 20, 2013
Awful Truth wrote:
If the sequester happens the Republicans will be blamed and you'll see a massive shift to the left in 2014.
The idea came from the White House itself, what are you talking about??
Bushwhacked

Seattle, WA

#14 Feb 20, 2013
Niether of the Above wrote:
<quoted text>The idea came from the White House itself, what are you talking about??
The idea was to give the right more time to compromise, if they don't it's on your party,. putz !
non-starter

Saint Paul, MN

#15 Feb 20, 2013
Bushwhacked wrote:
<quoted text>The idea was to give the right more time to compromise, if they don't it's on your party,. putz !
So the left stays put and the right has to compromise. You are a regular Henry Clay, slewsie.
Bushwhacked

Seattle, WA

#16 Feb 20, 2013
I'd tell you who won the election, but you're not ready yet, child.
Bushwhacked

Seattle, WA

#17 Feb 20, 2013
Btw- Nice misquote, you're a "perfect putz".
non-starter

Saint Paul, MN

#18 Feb 20, 2013
Bushwhacked wrote:
<quoted text>The idea was to give the right more time to compromise, if they don't it's on your party,. putz !
Definition: compromise

Part of Speech Definition
Noun 1. A middle way between two extremes.[Wordnet]
2. An accommodation in which both sides make concessions

I know you prefer the urban dictionary, this is from Websters. Notice that it says a middle way, or both sides make concessions. When only one side moves, it isn't a compromise, it is a concession.

I know reading comprehension is difficult for you, I will try to help you out whenever I can, maybe in doing so I can get one more of the government dole.

Since: Sep 11

Rogers, MN

#19 Feb 20, 2013
Now that BHO is a lame duck, it's his way or the highway. No compromise is acceptable.
Bushwhacked

Seattle, WA

#20 Feb 20, 2013
cantmakeitup wrote:
Now that BHO is a lame duck, it's his way or the highway. No compromise is acceptable.
He's already compromised, but why not lie, RIGHT ???

Since: Oct 08

Location hidden

#21 Feb 20, 2013
non-starter wrote:
<quoted text>So the left stays put and the right has to compromise. You are a regular Henry Clay, slewsie.
The left attempts to rewrite history. The debt ceiling deal, proposed by the White House, was agreed to by both sides. Now it is a bad Idea, because Obama realized the cuts will tarnish his already fading legacy! Let it happen.

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