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Obama to Veto Any Attempt to Roll Back Automatic Cuts After Committee's Inability to Reach Deal
FOX News ^ | November 21, 2011

Posted on 11/21/2011 8:08:19 PM PST by presidio9

President Obama said he would veto any effort by lawmakers to repeal a requirement for $1 trillion in automatic spending cuts to be triggered after the Super Committee failed to agree on terms to save the country $1.2 trillion over a 10-year span.

“There will be no easy off ramps on this one,” Obama said at an afternoon press conference where he laid blame squarely on Republicans who refused to bend in their defense of tax cuts for the wealthy during debt talks. “We need to keep the pressure up to compromise, not turn off the pressure.”

He went on to promise that the deficit will be reduced by at least $2.2 trillion in the next decade “one way or another.” He included the roughly $1 trillion in cuts approved in August.

"The only way these spending cuts will not take place is if Congress gets back to work to reduce the deficit by at least $1.2 trillion," he said. "They've still got a year to figure it out."

These automatic spending cuts are designed to fall evenly on the military and domestic government programs beginning in 2013.

Defense Secretary Leon Panetta as well as lawmakers in both parties have warned the impact on the Pentagon could be devastating.

"In my four decades involved with public service, I have never been more concerned about the ability of Congress to forge common-sense solutions to the nation's pressing problems," Panetta, a former House budget committee chairman, said in a statement.

Sens. John McCain, R-Ariz., and Lindsey Graham, R-S.C., issued a statement about the mandatory cuts to defense, calling the sequester of $600 billion in defense spending a “threat to the national security interests of the United States and cannot be allowed to occur.”

After months of talks,

(Excerpt) Read more at foxnews.com ...


TOPICS: Front Page News; News/Current Events; Politics/Elections
KEYWORDS: debt; deficit; supercommittee
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To: All

I see that Herman Cain has revised his 999 plan on his sight yet again.

Now he has removed all mention of his procedural points that called on the Super Committee for approval.

He is backing away.


21 posted on 11/21/2011 8:41:23 PM PST by mylife (The Roar Of The Masses Could Be Farts)
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To: presidio9

The truly wealthy don’t have to show ‘income’. It’s those who are upwardly mobile middle class who get nailed by the democrats.


22 posted on 11/21/2011 8:52:41 PM PST by pieceofthepuzzle
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To: Captain Kirk

“It doesn’t matter. Obama is bluffing. As a defender of the welfare/warfare state, he doesn’t really want the automatic cuts.”

—Yep. The only reason he’s saying this is because he already knows it’s not really going to happen. The “automatic” domestic cuts will be smoke and mirrors, and will be pushed back and never actually go into effect.


23 posted on 11/21/2011 8:54:31 PM PST by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
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To: All

When will the Debt Ceiling need to be raised again?
That will be the key event.


24 posted on 11/21/2011 9:32:43 PM PST by az_gila
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To: Jim Robinson

“The Republicans were idiots for getting into this crap.”

Indeed they were, they let the democrats convince the public that shutting down the federal goverment would have catastrophic consequences.

For that alone many of them deserve not to be reelected.


25 posted on 11/21/2011 9:35:38 PM PST by Monorprise
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To: presidio9

There’s something oddly surreal about this whole farce - the ‘rats/libs/media are apoplectic about the supercommittee’s inability to agree to $1.2t in deficit reduction, and the downside is that we’ll then have $1.2t in deficit reduction? Smoke, mirrors, and nonsense the lot of it. There’s no cuts. Just meaningless budget projections of what the federal budget will be doing a decade from now (from people that couldn’t even draft a budget for last year, nor this one, nor the one after).


26 posted on 11/21/2011 9:45:35 PM PST by eclecticEel (Life, Liberty, and the Pursuit of Happiness: 7/4/1776 - 3/21/2010)
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To: Jim Robinson
The Republicans were idiots for getting into this crap.

One thing must be remembered the GOP holds the house if the money is there they can probably find $1.2 trillion (over 10 years) about any time they want to and pass a spending cut bill (say September 2012)and lift the automatic cuts to military and social spending. I can see it now the march with the big gavel like with Obamacare.

27 posted on 11/21/2011 9:52:29 PM PST by Mike Darancette (Either Obama can beat any GOP candidate or no GOP candidate.)
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To: Captain Kirk
Your thinking is right ...EXCEPT, there will be no cuts. They are only scheduled to take place in 2013 and if Obama is reelected that is off the table.

If a (R) is elected, I am afraid he will be cowed by the media and choose to play nice with the (D)s.

28 posted on 11/21/2011 9:54:08 PM PST by Baynative (The penalty for not participating in politics is you will be governed by your inferiors.)
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To: Jim Robinson

If I heard and understand this correctly the budget is on an upward glide path that makes these ‘cuts’ puny. If one just let the budget grow, net of cuts, we’ll still be broke. And soon! But keeping the tax rate increases off the table will reinforce the point. Washington is sucking America dry!


29 posted on 11/21/2011 10:13:30 PM PST by CT
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To: az_gila
When will the Debt Ceiling need to be raised again? That will be the key event.

$15.194 trillion. We're at $15.034 trillion right now
30 posted on 11/21/2011 10:14:14 PM PST by WackySam (Obama got Osama just like Nixon landed on the moon.)
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To: presidio9

Notice how NOBODY ever suggests that the current Government accounting trick of Baseline Budgeting should be eliminated?

For the big bucks we are paying our Civil Servants, they should account for every Taxpayer Funded dollar allocated to their Departments.

I spent many years justifying my Budget Projections while working for a large Corporation. Unless there was a requirement for year to year expansion of services to my Clients, the Budget was static or cut.

Any Merit Pay or Bonus Money paid to me was based on Operational Savings. There was no built in increase. If I didn’t find the savings, they would hire someone who would.

The absolute waste in Government Spending is beyond my comprehension. I only had an 18 Million Dollar Budget to look after.


31 posted on 11/21/2011 10:30:06 PM PST by Kickass Conservative (Liberals, Useful Idiots Voting for Useless Idiots...)
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To: presidio9

Well, since the supercommittee is a failure, you could cut spending by eliminating the budget for the supercommittee. One small step for man, one giant leap for mankind.


32 posted on 11/22/2011 12:08:35 AM PST by Razzz42
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To: presidio9

FUBO


33 posted on 11/22/2011 2:02:38 AM PST by tina07 (In loving memory of my father,WWII Vet. CBI 10/16/42-12/17/45, d. 11/1/85)
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To: tina07

Not FUBO,
more like FTTPC , the first is self explanatory, the rest, the tax paying citizen , we are truly screwed by both sides of this equation.
If the current generation does not end up paying for this BS, surely the next 2 or 3 will,assuming the whole ball of dumb assry does not collapse.
I personally believe that the whole house of cards will collapse into anarchy sooner than later.

So we are past FUBO,we are into F the world, for when the USA goes so does the rest.

I have no crystal ball nor am I a doomsayer, however our elected leaders refuse to face reality, they would rather kick the ball into the next administration.

The time for kicking this is past, it is now time for our elected leaders in the house/congress to SOGOTP, if they are unwilling to do what is needed they need to leave.

Ignore the OWS and MSM, they are lost cause.

Speak with you children, neighbors, family and pols. Make them understand that if we continue on this path everyone loses.


34 posted on 11/22/2011 2:36:26 AM PST by Nailbiter
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To: presidio9

We all know exactly what we think about Obama - even those with buyers remorse.


35 posted on 11/22/2011 3:02:05 AM PST by veritas2002
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To: SunkenCiv
You're assuming that the republicans will use it against them.

They're much better at



because the republican party has been infiltrated, nearly to the extent of the demwit party.
36 posted on 11/22/2011 3:11:08 AM PST by TheOldLady (FReepmail me to get ON or OFF the ZOT LIGHTNING ping list)
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To: Jim Robinson
The Republicans were idiots for getting into this crap.

The Republicans are were idiots for getting into this

There, Jim, I fixed it for you.

37 posted on 11/22/2011 3:30:22 AM PST by xzins (Retired Army Chaplain and Proud of It! True Supporters of our Troops PRAY for their VICTORY!)
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To: az_gila

Possibly before the election if the economy weakens and revenue falls, from what I have read.


38 posted on 11/22/2011 4:01:37 AM PST by PghBaldy (War Powers Res: http://avalon.law.yale.edu/20th_century/warpower.asp)
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To: presidio9
He won't be President but for about 20 days after the supposed cuts kick in which nothing this congress does can bind the hands of the next congress.
39 posted on 11/22/2011 5:08:06 AM PST by tobyhill (Obama, The Biggest Thief In American History)
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To: Baynative

I think you’re right but that’s all the more reason for the GOP to embrace the sequester. Now that Obama has committed to defending them as a bluff he can’t easily back off if the GOP calls his bluff.


40 posted on 11/22/2011 6:32:05 AM PST by Captain Kirk
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