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Obama Warns: Budget Cuts will Slow Economy, Eliminate Jobs
Arutz Sheva ^ | 25/2/13

Posted on 02/25/2013 11:22:48 AM PST by Eleutheria5

US President Barack Obama warned warring politicians Monday it was time to start governing as Washington headed into another manufactured crisis threatening the fragile economy.

Obama told an annual meeting of state governors at the White House that huge budget cuts due to hit on March 1 would "slow our economy, eliminate good jobs" and leave Americans with "thinly stretched" budgets wondering what to do, AFP reported.

The president is demanding that congressional Republicans stave off a set of arbitrary, automatic spending cuts known as the sequester by closing tax loopholes that benefit the rich and corporations.

"We can't just cut our way to prosperity. Cutting alone is not an economic policy," Obama told Democratic and Republican governors in the State Dining Room of the White House.

Many Republicans agree that the sequester, which imposes across the board cuts of $85 billion this year from government programs, is a bad way to cut spending and reduce the deficit.

But they argue that Obama is not serious about reining in spending and warn the president that his success in getting higher income tax rates on the rich late last year is the last time they will permit him to raise more revenue.

.....

(Excerpt) Read more at israelnationalnews.com ...


TOPICS: Business/Economy; Extended News; Government; News/Current Events
KEYWORDS: budget; cuts; layoffs; obama
Translation: The economy is about to slow, and there will be more layoffs, and if you sequester, I will blame it on you.
1 posted on 02/25/2013 11:23:00 AM PST by Eleutheria5
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To: Eleutheria5
which imposes across the board cuts of $85 billion this year from government programs

85 billion out of HOW much?

2 posted on 02/25/2013 11:26:22 AM PST by Puppage (You may disagree with what I have to say, but I shall defend to your death my right to say it)
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To: Eleutheria5

With the number of things that this 44 billion is paying for, we should keep it and cut 2 trillion elsewhere.


3 posted on 02/25/2013 11:26:22 AM PST by Ingtar (Everyone complains about the weather, but only Liberals try to legislate it.)
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To: Eleutheria5
Obama Warns: Budget Cuts will Slow Economy, Eliminate Jobs

I wonder who told him this. I know he didn't figure it out for himself.

I also wonder if someone told him that it is HIS policies that have put us in this position?

4 posted on 02/25/2013 11:26:55 AM PST by DustyMoment (Congress - another name for anti-American criminals!!)
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To: Eleutheria5

How would he know? He hasn’t been on the job since he was first elected....


5 posted on 02/25/2013 11:27:58 AM PST by illiac (If we don't change directions soon, we'll get where we're going)
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To: Eleutheria5

I figure if the Communist In Chief is for something, then I’m generally against it.


6 posted on 02/25/2013 11:30:58 AM PST by TexasRepublic (Socialism is the gospel of envy and the religion of thieves)
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To: Eleutheria5

Question: When a t*rd speaks, what does one call the things that come out of the t*rd’s mouth?


7 posted on 02/25/2013 11:31:29 AM PST by Da Coyote
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To: Eleutheria5

I’m slacking at my second job these days, doing my part to crash the economy, so y’all can blame me.

Worst. Congress. Ever. Worst. _Resident. Ever.


8 posted on 02/25/2013 11:33:32 AM PST by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: Eleutheria5

if one still believes in the integrity of our election process (I don’t), budget cuts may result in a number of democrap politicians to not get reelected


9 posted on 02/25/2013 11:35:12 AM PST by drypowder
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To: Eleutheria5

How much slower can the economy get?

If the layoffs are for government leeches that’s a good thing. But we all know that aint gonna happen.


10 posted on 02/25/2013 11:35:13 AM PST by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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To: Eleutheria5

I’ve been saying for months that they know the economy is going to not just slow, but CRASH,

and they have everything in place to blame Republicans, Conservatives, and Preppers for that crash.


11 posted on 02/25/2013 11:35:47 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: Eleutheria5

It will eliminate private sector and civilian jobs, not government jobs. That’s the plan. Throw in a pinch of 0bamacare and 0bama’s government-run utopia is realized. Scary times, folks. We know what’s happening and we can’t stop it.


12 posted on 02/25/2013 11:42:06 AM PST by Obama_Is_Sabotaging_America (PRISON AT BENGHAZI?????)
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To: MrB
and they have everything in place to blame Republicans, Conservatives, and Preppers for that crash.

You're correct, its obvious. But does the GOP plan to respond?

Do they EVER have a response plan?

13 posted on 02/25/2013 11:42:18 AM PST by skeeter
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To: Eleutheria5

Obama is a Marxist. He believes that government spending (perpetually referred to as “investment”) is what creates jobs, and that because government provides protection and security to its citizens, it has a first claim on all income earned by those citizens by means of an implied social compact. Besides, allowing people to keep “too much” of their own money results in a dangerous concentration of wealth and the “misallocation” of scarce economic resources.


14 posted on 02/25/2013 11:44:04 AM PST by andy58-in-nh (Cogito, ergo armatum sum.)
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To: Eleutheria5
Good Grief!!! Republicans better immediately cave!!!

Please don't ruin Obama's wonderful economy & fabulous job growth.

Oh No!!! He's going to blame in on you. How will you ever live THAT down.

15 posted on 02/25/2013 11:44:15 AM PST by LADY J (You never know how strong you are until being strong is the only choice you have. - Author Unknown)
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To: Eleutheria5

Why did Obama approve it then if he knew it would do damage.


16 posted on 02/25/2013 11:44:34 AM PST by funfan
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To: Eleutheria5

Sure they will. But it’s a tradeoff with lower deficits and efficient allocation of capital. The private sector has completely restructured. Why hasn’t the federal government?


17 posted on 02/25/2013 11:47:50 AM PST by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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To: Eleutheria5

Exactly.


18 posted on 02/25/2013 11:48:24 AM PST by Obadiah (High speed, low drag.)
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To: Eleutheria5

Who’d notice the difference at this point?


19 posted on 02/25/2013 11:48:33 AM PST by kevkrom (If a wise man has an argument with a foolish man, the fool only rages or laughs...)
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To: kevkrom

And as Sara Palin would say:
GAME ON.


20 posted on 02/25/2013 11:52:10 AM PST by rovenstinez
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To: Puppage

85 billion out of HOW much?

$3.5 Trillion dollars!!!! So this will slow the economy? More? Growth is only 2% Slowest recovery ever if you want to call it that!!!


21 posted on 02/25/2013 11:52:44 AM PST by tallyhoe
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To: Eleutheria5

It's called a "bluff". Call it. Let's see the cards.


22 posted on 02/25/2013 11:55:52 AM PST by so_real ( "The Congress of the United States recommends and approves the Holy Bible for use in all schools.")
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To: Eleutheria5

Please bring sequestor! It is the only way to slow FedZilla.

Yes, the economy will slow, there will be a price to pay to bring back USA finance and business. It will hurt either way; the difference is the final outcome: death for not doing enough to reverse what FedZilla has done and life for doing what _must_ be done.


23 posted on 02/25/2013 11:59:16 AM PST by veracious
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To: Eleutheria5

King Obama is a damn liar. But he will find a way to use current cuts and blame them on the sequester. He is a two face liar and the huge quantity of idiot Americans will believe him. Like Rush, I’m getting damn ashamed of America. Some Republican Governors that I thought were Constitutional conservatives are buying it. Like Governor Walker said yesterday on a TV program.


24 posted on 02/25/2013 12:04:14 PM PST by Logical me
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To: Eleutheria5

Close Government permanently. The economy will skyrocket.


25 posted on 02/25/2013 12:17:21 PM PST by eyedigress ((zOld storm chaser from the west)/ ?)
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To: Eleutheria5

“Wilma, I promise you; whatever scum did this, not one man on this force will rest one minute until he’s behind bars. Now, let’s grab a bite to eat.”


26 posted on 02/25/2013 12:24:17 PM PST by jiggyboy (Ten percent of poll respondents are either lying or insane)
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To: Eleutheria5

Eliminate GOVERNMENT jobs.....


27 posted on 02/25/2013 12:25:16 PM PST by vpintheak (Occupy your Brain!)
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To: Eleutheria5
It will move resources from the inefficient government sector to the dreaded, efficient private sector, resulting in more real jobs.
28 posted on 02/25/2013 12:31:07 PM PST by St_Thomas_Aquinas
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To: Eleutheria5

Wait a minute!!! Is Shovel-Ready-Jobs-Obama saying that we not gonna be gettin’ our Rainbows and Unicorns????

Ohhhh No!!!!

I said this before Obama’s first day in office, “America can not survive unless Obama and his filthy democrats fail”. Nothing has changed in that regard.


29 posted on 02/25/2013 12:34:11 PM PST by Gator113 ( REGISTER THE DAMN LIBERALS and leave my guns alone!!)
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To: rovenstinez

If only....


30 posted on 02/25/2013 12:34:57 PM PST by Gator113 ( REGISTER THE DAMN LIBERALS and leave my guns alone!!)
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To: Eleutheria5

If Obama was serious about this issue, he would do what he always does during a time of Crisis...

TAKE A VACATION!


31 posted on 02/25/2013 12:35:09 PM PST by VRWCarea51
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To: Gator113

Worse! NO FREE CELL PHONES! HE PROMISED FREE CELL PHONES!!!!!! ...or that lady in the You Tube video did, anyway.


32 posted on 02/25/2013 1:07:55 PM PST by Eleutheria5 (End the occupation. Annex today.)
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To: Gator113

http://www.youtube.com/watch?v=8L6etW1XT54

See! See! See! Where’s the free cell phones?! I’m getting me a pitch fork and a torch, man!


33 posted on 02/25/2013 1:25:31 PM PST by Eleutheria5 (End the occupation. Annex today.)
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To: Eleutheria5

Part and parcel of Obama’s endless Marxist horse sh*t.


34 posted on 02/25/2013 1:27:28 PM PST by Jack Hammer
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To: Gator113

I can’t resist. This is too funny to let die:

http://www.youtube.com/watch?v=xr201FqTP4w


35 posted on 02/25/2013 1:29:54 PM PST by Eleutheria5 (End the occupation. Annex today.)
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To: Eleutheria5

The President wants to obliterate the GOP. If he can stampede the party into dropping the sequester (his idea btw) and agree to higher taxes on the rich, he’s won. He’ll keep piling on the pressure.


36 posted on 02/25/2013 1:38:21 PM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: Eleutheria5

Why doesn’t the POTUS lead by example and cut off his own salary for this year to stave off some of the losses?

...oops sorry folks, I was in dreamland there for a sec


37 posted on 02/25/2013 1:38:58 PM PST by Marko413
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To: Eleutheria5

How would we know if the economy slowed?


38 posted on 02/25/2013 1:44:43 PM PST by Old Yeller
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To: Eleutheria5

Your responses cracked me up. ;>)


39 posted on 02/25/2013 2:07:34 PM PST by Gator113 ( REGISTER THE DAMN LIBERALS and leave my guns alone!!)
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To: Gator113

Try the link posted in 35. I couldn’t stop laughing.


40 posted on 02/25/2013 2:18:52 PM PST by Eleutheria5 (End the occupation. Annex today.)
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To: Eleutheria5

I checked all of them. LOL...


41 posted on 02/25/2013 3:03:01 PM PST by Gator113 ( REGISTER THE DAMN LIBERALS and leave my guns alone!!)
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To: Eleutheria5; sickoflibs
Translation: The economy is about to slow, and there will be more layoffs, and if you sequester, I will blame it on you.

well boner did get 98% of what he wanted in the backroom deal...mustve had an open bar or somethin...

42 posted on 02/25/2013 6:32:48 PM PST by Gilbo_3 (Gov is not reason; not eloquent; its force.Like fire,a dangerous servant & master. George Washington)
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