Posted on 11/21/2011 8:08:19 PM PST by presidio9
President Obama said he would veto any effort by lawmakers to repeal a requirement for $1 trillion in automatic spending cuts to be triggered after the Super Committee failed to agree on terms to save the country $1.2 trillion over a 10-year span.
“There will be no easy off ramps on this one,” Obama said at an afternoon press conference where he laid blame squarely on Republicans who refused to bend in their defense of tax cuts for the wealthy during debt talks. “We need to keep the pressure up to compromise, not turn off the pressure.”
He went on to promise that the deficit will be reduced by at least $2.2 trillion in the next decade “one way or another.” He included the roughly $1 trillion in cuts approved in August.
"The only way these spending cuts will not take place is if Congress gets back to work to reduce the deficit by at least $1.2 trillion," he said. "They've still got a year to figure it out."
These automatic spending cuts are designed to fall evenly on the military and domestic government programs beginning in 2013.
Defense Secretary Leon Panetta as well as lawmakers in both parties have warned the impact on the Pentagon could be devastating.
"In my four decades involved with public service, I have never been more concerned about the ability of Congress to forge common-sense solutions to the nation's pressing problems," Panetta, a former House budget committee chairman, said in a statement.
Sens. John McCain, R-Ariz., and Lindsey Graham, R-S.C., issued a statement about the mandatory cuts to defense, calling the sequester of $600 billion in defense spending a “threat to the national security interests of the United States and cannot be allowed to occur.”
After months of talks,
(Excerpt) Read more at foxnews.com ...
The Republicans were idiots for getting into this crap.
The Dims don't understand that we do not have a revenue problem, we have a spending problem. The Repubes and RINOS don't have the backbone to target cuts where they are needed most - the endless gov't giveaway train. Well, tough - let the cuts begin!
It seems they are idiots on a daily basis these days?
Who in HELL every thought this stupid-committee idea would ever work??
Of course, as always, there really aren't any cuts, only reductions in the rate of spending increases. They act like it's a big deal when it's not even a good start.
Exactly! WTG Boehner and crew. Bunch of idiots.
The republicans have given Obama the stage to act like the tough guy in holding the line and forcing the mandatory cuts to go into effect. The media will not mention that the action doesn’t take place until 2013 or that he will change his tune after he gets reelected!
Weird... Ubama blames Republicans but then gives a warning to his own party of big spenders that he will veto their attempt to spend more. I guess this means the government is going to have to learn to live with the automatic 16% increase in spending it will be left with.
What a SOB.
Spend us into oblivion, then set us up with defense cuts to reduce the debt.
Correct. With Republicans controlling the House, the only roll-backs will be on military cuts. Obama gets to cut military spending and act like he's just being fiscally responsible.
In 2012’s campaign, this is all going to blow up in Zero’s face, and in Panetta’s, and in what passes for the faces of the ugly Demwit bastards in Congress.
The republican always fall into the Democratic trap that they will play by the rules. When will they ever learn? Play by the Democrats rules and win!
It doesn’t matter. Obama is bluffing. As a defender of the welfare/warfare state, he doesn’t really want the automatic cuts. The GOP should call his bluff and embrace sequestration. They have an opportunity to paint him in a corner if they do this.
This guy is a brain hemorrhage..
Is the FBI penetrated and compromised?..
What does the U.S.A. do when they elect a virtual Traitor?..
Bend over and assume “the Position”..?..
This was the compromise for raising the debt ceiling... amazing isn’t it? Failure after failure. Surrender upon surrender.
and they want OUR votes?
Dictator in Chief.
Absolutely. RINO leadership has taken us for a ride into the depths of foolishness.
Republicans don’t like spending cuts? Only if the cuts affect the fellow behind the other tree! Tough luck.
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