Obama Warns of Threats to Thousands of Jobs

Arutz Sheva ^ | 9/2/13

[Eleutheria5]

US President Barack Obama urged Congress Saturday to find a balanced approach to deficit reduction, warning that steep budget cuts known as "the sequester" would hurt the economy and threaten thousands of American jobs.

"If the sequester is allowed to go forward, thousands of Americans who work in fields like national security, education or clean energy are likely to be laid off," Obama said in his weekly radio and Internet address, AFP reported.

"All our economic progress could be put at risk," he added.

The cuts, which are due to take effect on March 1, would also affect US military readiness, said the president.

"As our military leaders have made clear, changes like this affect our ability to respond to threats in an unstable part of the world," Obama pointed out.

The sequester was agreed by the president and Congress in 2011 to be so punishing that it would force Washington's warring political factions to forge an agreement on a way to cut the US budget deficit.

But amid partisan gridlock, no agreement on cutting the deficit has been reached and cuts due in March will slash defense spending by $55 billion and non-defense discretionary spending by $27 billion this year.

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[Jack Hammer]

“All our economic progress could be put at risk,” he added.

What a joke - there hasn’t BEEN any ‘economic progress.’

Just more horse sh*t from our ineligible, unqualified, idiot president.

But, hey, the Blacks and Hispanics love him even if he IS a Kenyan Indonesian Moslem intent on the destruction of the United States.

[Eleutheria5]

But there HAS been ‘economic progress’. Government is bigger than ever. More people are on the dole. To Obiwana Kenyanbe, that IS progress. May the farce be with you.

[Joe Boucher]

Come on jmacusa,
Don’t hold back any,
Tell us how you REALLY feel about the magic negro??

[peeps36]

O’dumbo is the biggest threat to the economy. He raises taxes, pushes o'dumbocare, creates mountains of worthless regulations and runs trillion dollar deficits. Then he agrees with this sequester and complains about how destructive his plan would be. He claims it will undue all the economic progress we've made over the past few years. We might have made progress but it's progressing toward bankruptcy and civil war.

[beethovenfan]

What “economic progress” is the Won referring to? HE is the biggest threat to jobs.

[jmacusa]

Love to but it’d get me bounced!

[American in Israel]

Easy fix Bammy, approve Keystone.

Unless of course your just a whinin cause you have run out of money again. I figure you don’t really care about jobs, just money.

[ully2]

Well it was his idea.

[trebb]

Translation: I asked for it. I signed it into law. Now I need the other side to save my bacon so I’ll vilify them for giving me what I insisted on.

[csmusaret]

Hey Obama. You asked for it, you got it. Sequestration.