Obama Tells Defense Communities Sequestration Should be Avoided
August 21, 2012
President Obama continued his call for a bipartisan solution to avoid sequestration that couples spending cuts with tax hikes on the nation’s wealthiest in a series of interviews on Monday with local Virginia media outlets.
Obama told The Virginia-Pilot, a newspaper based in the Navy-hub town of Norfolk, Va., that both parties need to work together to avoid the automatic cuts included in the 2011 Budget Control Act. The Defense Department would take the greatest hit from the across-the-board cuts.
"Democrats have to understand we're going to need some additional spending cuts, and Republicans have to understand we're going to need some additional revenues," Obama told the newspaper.
Obama maintained his confidence that a deal will be agreed upon prior to the Jan. 2 deadline and deflected the blame for the threat of the cuts.