President Obama vows to veto any effort to forgo automatic spending cuts

[The Straight Story]

President Obama vows to veto any effort to forgo automatic spending cuts

Obama on debt panel failure: GOP members insisted on protecting tax cuts for wealthy Americans

http://www.breakingnews.com/

[Itchinjim]

1. Good.

[woo me with science]

2. What he promised is that deep cuts will still be made in the worst economy since the Depression,

something that over 300 economists warned him about to begin with.

He did not say that the cuts would have to include the 50 percent in Defense cuts that are mandated by the current trigger. In fact, he specifically pointed out that there is a full year before this has to take effect and plenty of time to "find" money before the deadline.

They will not have to account for any of cuts they approve until AFTER the 2012 election.

Anyone who thinks the MIC will not be protected is welcome to buy this bridge I have...

[DCBob]

3. Good... I think the automatic cuts may be our best option.

If nothing else it finally gives us a major cut to the military industrial complex. Yes!

[Kber]

4. R'uh r'oh

did we just throw the rabbit into the briar patch?