Sunday, February 10, 2013

Obama blinked on the Oabama sequester

The sequester was Obama's idea. Bob Woodward was there and tells how Obama proposed it - in Woodward's book The Price of Power. Business Insider

Now he wants out of it and he wants Congress to do the heavy lifting. Looks like another chance to blame the Republicans in the House.

Wash Examiner

In November 2011, President Obama lamented that “some in Congress are trying to undo these automatic spending cuts” that were part of that August’s deal to raise the debt limit. “My message to them is simple: No. I will veto any effort to get rid of those automatic spending cuts to domestic and defense spending. There will be no easy off ramps on this one.”

Now, it’s Obama who is looking for an off ramp. With the automatic spending cuts about to go into effect, the Associated Press reports, “President Barack Obama will ask Congress to come up with tens of billions of dollars in short-term spending cuts and tax revenue to put off the automatic across the board cuts that are scheduled to kick in March 1, White House officials said Tuesday.”


Unknown said...

I love how Obama doesn't think that we can "cut our way to prosperity" but he does think that we can tax and spend our way to prosperity. To get more info please visit

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caiyan said...
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