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Obama signs order to begin spending cuts

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President Barack Obama has signed an order authorizing the government to begin cutting $85 billion from federal accounts, officially enacting across-the-board reductions that he opposed but failed to avert. Obama acted today, the deadline for the president and Congress to avoid the steep, one-year cuts. Obama has insisted on replacing the cuts, known as a “sequester” in government budget language, with tax increases and cuts spread out over time. Republicans have rejected any plan that ...

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kmiac
March 1, 2013
9:18 p.m.

[ Flag Post ]

Of course the welfare is protected by these cuts. Only the middle class gets screwed over. Obama's speech was a joke. He blamed everyone but himself. He is the worst president in history. It's unbelievable that this guy got voted in for a second term. Im sure as part of these spending cuts, layoff and reduction in salaries his salary and the rest of our government's salaries will not be cut. Instead of layong people off why doesn't he cut how much the useless none working class get

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