Weekly Address 03-02-13

 Posted by at 09:58  Politics
Mar 022013

“Congress Must Compromise to Stop the Impact of the Sequester”

From the White House weblog:

In his weekly address, President Obama tells the American people that a series of harmful budget cuts—called the sequester—have taken effect because Congress failed to act. Because Republicans in Congress refused to compromise to close tax loopholes for the wealthiest Americans, hundreds of thousands of Americans will lose their jobs or see their paycheck reduced, and middle class families will be hurt. Congress must join the President now to replace these cuts with a balanced approach that reduces our deficit while also making smart investments in areas that help our economy grow.

Click below to listen to the audio only:

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Transcript after the break.

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Sequester 2013

 Posted by at 18:31  economy, Politics, Republicans
Mar 012013

President Obama spoke today and answered questions from the press corps about the budget cuts (sequester) that take effect today…

And let’s be clear. None of this is necessary. It’s happening because of a choice that Republicans in Congress have made. They’ve allowed these cuts to happen because they refuse to budge on closing a single wasteful loophole to help reduce the deficit. As recently as yesterday, they decided to protect special interest tax breaks for the well-off and well-connected, and they think that that’s apparently more important than protecting our military or middle-class families from the pain of these cuts.

Full transcript follows the break.

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Mar 012013

Welcome to Sequestration Day. Can you believe it’s March already?

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