Share “President Barack Obama says “people...”

President Barack Obama says “people will lose their jobs” when spending cuts hit

In his latest appeal to stop automatic spending cuts, the president says “hundreds of thousands” may be added to unemployment rolls if cuts take effect on March 1, and he insists again on new tax revenue.
by Chris Casteel Published: February 20, 2013

— President Barack Obama warned Tuesday that “people will lose their jobs” if automatic budget cuts go into effect in 10 days, and he insisted again that Congress include higher tax revenue as part of the solution.

Speaking at the White House in front of a group of firefighters and other first responders, the president said the cuts would hit teachers, border guards, air traffic controllers and others and even allow criminals to escape federal prosecution.

“So these cuts are not smart,” the president said. “They are not fair. They will hurt our economy. They will add hundreds of thousands of Americans to the unemployment rolls. This is not an abstraction; people will lose their jobs.”

The cuts, known as the sequester and totaling $1.2 trillion over 10 years, are set to be triggered on March 1. Then, most federal departments will have to chop $85 billion from their budgets, with the military forced to absorb about $46 billion of that between March 1 and Sept. 30.

The military has warned that about 180,000 civilians may have to be furloughed, training and maintenance would have to be curtailed and new weapons postponed.

A U.S. Air Force report released last week showed 16,000 civilians could be furloughed at the Oklahoma's three bases, with a payroll impact of $125 million. A study c by George Mason University estimated that Oklahoma could lose 24,000 jobs and take a $1.6 billon hit.

Continue reading this story on the...

by Chris Casteel
Washington Bureau
Chris Casteel began working for The Oklahoman's Norman bureau in 1982 while a student at the University of Oklahoma. After covering the police beat, federal courts and the state Legislature in Oklahoma City, he moved to Washington in 1990, where...
+ show more


  1. 1
    8 Things Every Guy Should Purge From His Closet
  2. 2
    'Cousin Eddie' actor detained in Montreal
  3. 3
    Former Thunder guard Eric Maynor tears ACL...again
  4. 4
    11 haunted hotels that you can stay in for the spookiest Halloween
  5. 5
    NHL acknowledges drug problem among players
+ show more


× Trending politics Article