Obama urges Congress to avoid massive spending cuts

Obama Calls for Spending Cuts Before March Deadline

Speaker John Beiner believes the president cannot offer &# 171; a compelling plan that Congress could have passed

WHITE HOUSE – President Barack Obama reiterated his call on Congress to work together to avoid the first stage of mandatory cuts in government spending, including defense spending. This process should formally begin on March 1..

The $ 85 billion cut in spending, starting next week, is the first part of a $ 1.2 trillion cut in government spending. Obama agreed with lawmakers on the implementation of this program two years ago, which made it possible to avoid a looming budget crisis..

“Nobody is interested in this reduction, because now our families will certainly not survive the suffering they will undergo due to the irresponsible pursuit of their interests by the parties and ideological ossification.”

Barack Obama.

Republicans have joined Democrats in voting for mandatory spending cuts proposed by President Obama after grueling 2011 budget and deficit negotiations. Republicans are demanding even more significant spending cuts in addition to the $ 2.5 trillion deficit cut, which Obama says has already been achieved..

Obama spoke to a group that included representatives of 16 professions, including: police officers, firefighters, rescuers, emergency doctors – those who first come to the aid of people and, according to the president, could lose their jobs if they automatically cut costs.

The President called on Republicans to meet him halfway so that by joint efforts it would be possible to avoid what he called additional severe wounds inflicted on the economy..

“The Republicans in Congress are faced with a simple choice. Are they willing to compromise to preserve vital investments in education, health, and national security, or would they choose to put hundreds of thousands of jobs and our entire economy at risk just to keep some tax loopholes that only the richest Americans and the largest corporations? “

House Speaker Republican John Beiner accused Obama of proposing only to increase government spending, but unable to come up with a “convincing plan” that Congress could pass.

Senate Republican Minority Leader Mitch McConnell said Obama continues to prioritize political campaigns over common sense and cross-party consensus.

Obama said he was ready to negotiate to avoid mandatory cost cuts and ensure balanced decisions.

Obama urges Congress to avoid massive spending cuts

“No one is interested in this reduction, because now our families will certainly not survive the suffering they will undergo due to the irresponsible pursuit of their interests by the parties and ideological ossification.”.

On Tuesday, the co-chairs of the Obama-ordered bipartisan budgetary commission presented revised proposals for measures designed to solve financial problems. Erskine Bowles and former Senator Alan Simpson propose reducing the $ 2.5 trillion deficit over the next 10 years, including through spending cuts and health and tax reforms.

Bowles spoke about the consequences of cutting all items of expenditure without exception.

“There is no business in the country that would reduce all costs without exception. They usually try to cut back on things that negatively affect performance. “.

White House spokesman Jay Carney said the latest Simpson-Bowles proposal is in line with Obama’s view that reducing deficits and solving debt problems can only be achieved through a balanced plan..

Obama urges Congress to avoid massive spending cuts