05
Feb
13

President Obama’s ‘sequestration’ statement

Text of remarks here

****

Steve Benen: At the end of the month, deep, automatic sequestration cuts are due to kick in, hurting the economy, the Defense Department, and the general public…..

Today, President Obama said he and Congress have already approved more than $2.5 trillion in deficit reduction, and got to $4 trillion “with a balanced mix of spending cuts and more tax reform,” with the latter including changes “so that the wealthiest individuals and corporations can’t take advantage of loopholes and deductions that aren’t available to most Americans.”

Is there time for a major budget agreement and a tax-reform compromise? Of course not, which is why Obama suggested Congress pass “a smaller package of spending cuts and tax reforms that would delay the economically damaging effects of the sequester for a few more months until Congress finds a way to replace these cuts with a smarter solution.”

And, of course, Republicans immediately rejected the idea and threatened to do deliberate harm to the economy…..

More here

****

Severely stressed about it all:

President Barack Obama makes an announcement on sequestration in the White House Press Briefing Room on February 5


52 Responses to “President Obama’s ‘sequestration’ statement”


  1. 1 sherijr
    February 5, 2013 at 3:50 pm

    yes indeedy No Drama Obama :)

  2. 4 utaustinliberal
    February 5, 2013 at 3:52 pm

    Haha. I just provided the link in the last thread and voilà, it’s up here too.

  3. 6 vitaminlover
    February 5, 2013 at 3:52 pm

    What a guy!

  4. 7 yardarm756
    February 5, 2013 at 3:56 pm

    He made it plain but now the media is off on another tangent about drones killing Americans who happen to be terrorists. I guess we should have sent some Federal Marshalls to arrest them. So much for due process I guess.

  5. 16 debz
    February 5, 2013 at 3:57 pm

    Love him and so nice to see his sense of humor on display!

  6. 17 carolmaewy
    February 5, 2013 at 4:00 pm

    Well hello. Congrats Sher

  7. February 5, 2013 at 4:02 pm

    • 22 carolmaewy
      February 5, 2013 at 4:22 pm

      I’m in DR. office and read text. Thought there was laughter? That’s what was typed. Who is the DV? She needs meds.

  8. 23 whatisworking
    February 5, 2013 at 4:02 pm

    So much good news today

    Encouraging quote of the day

    “Instead of giving myself reasons why I can’t, I give myself reasons why I can.”
    ~Unknown~

    video on gun control – please share with others

    more good nes at http://whatisworking.com

  9. February 5, 2013 at 4:11 pm

  10. 27 Nena20409
    February 5, 2013 at 4:11 pm

    Well TOD Twitter Brigades:

    CBO is reporting that the annual deficit this year is going to be $845B. First time in 4 yrs with below $1T. CBO also says that DC is making and slowing faster progress with our economy had it not been their continued Jingoistic games with our budget.

  11. February 5, 2013 at 4:11 pm

  12. 31 Nena20409
    February 5, 2013 at 4:15 pm

    The POTUS is looking :shock: mighty :cool: and totally Relaxed ;)

  13. February 5, 2013 at 4:16 pm

  14. 39 GGAIL
    February 5, 2013 at 4:18 pm

    That is one good looking President!

  15. February 5, 2013 at 4:37 pm

  16. February 5, 2013 at 4:38 pm

  17. February 5, 2013 at 4:40 pm

    Steve Benen: At the end of the month, deep, automatic sequestration cuts are due to kick in, hurting the economy, the Defense Department, and the general public…..

    Today, President Obama said he and Congress have already approved more than $2.5 trillion in deficit reduction, and got to $4 trillion “with a balanced mix of spending cuts and more tax reform,” with the latter including changes “so that the wealthiest individuals and corporations can’t take advantage of loopholes and deductions that aren’t available to most Americans.”

    Is there time for a major budget agreement and a tax-reform compromise? Of course not, which is why Obama suggested Congress pass “a smaller package of spending cuts and tax reforms that would delay the economically damaging effects of the sequester for a few more months until Congress finds a way to replace these cuts with a smarter solution.”

    And, of course, Republicans immediately rejected the idea and threatened to do deliberate harm to the economy…..

    http://maddowblog.msnbc.com/_news/2013/02/05/16856450-obama-seeks-balanced-deal-to-avoid-sequester?lite

  18. February 5, 2013 at 4:41 pm

    The six Newtown teachers and administrators who died protecting their students at Sandy Hook Elementary School will be the posthumous recipients of the 2012 Presidential Citizens Medal.

    President Obama will make the presentations to surviving family members during a ceremony on Friday, Feb. 15 in the White House, according to a White House official.

    Read more: http://www.ctpost.com/local/article/Slain-teachers-staff-to-get-presidential-medal-4252876.php#ixzz2K3z9qtsK

  19. 48 utaustinliberal
    February 5, 2013 at 5:04 pm

    Good healthcare news, good technology news and now good economic news. Pres. Obama is WINNING!

  20. 49 jacquelineoboomer
    February 5, 2013 at 5:06 pm

    Just a heads up, in case you don’t know already, if you tweet Piers Morgan with anything negative (in my case, to start showing respect for PBO by calling him “President” Obama), hard core RWNJ trolls will start tweeting you with sickening stuff. Says more about Piers and his followers than the trolls, IMHO.

  21. February 5, 2013 at 8:40 pm

  22. February 5, 2013 at 8:51 pm


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