Obama Demands Sequester Delay
February 5, 2013
President Obama on Tuesday demanded that Congress approve legislation to replace at least some of the $85 billion in automatic spending cuts set to hit the government on March 1.
Obama offered no concrete plan on how to replace the cuts, but warned that if Congress allowed them to go forward, it would hurt the economy.
“We have seen the effects that political dysfunction can have,” said Obama. “It will cost us jobs and hurt our economy."
The president said the cuts should be replaced by both spending cuts and tax hikes, calling on Congress to agree to a “balanced mix of spending cuts and more tax reform” that would at least delay sequestration for a “few months.”