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Obama Signs Order for Spending Cuts

by KREX News Room
by Cori Coffin
by Associated Press

Story Created: Mar 2, 2013 at 10:12 PM MDT

Story Updated: Mar 3, 2013 at 12:00 AM MDT

WASHINGTON (AP) - President Barack Obama has signed an order authorizing the government to begin cutting $85 billion from federal accounts, officially enacting across-the-board reductions that he opposed but failed to avert.

Obama acted Friday, the deadline for the president and Congress to avoid the steep, one-year cuts.

Obama has insisted on replacing the cuts, known as a ``sequester'' in government budget language, with tax increases and cuts spread out over time. Republicans have rejected any plan that included tax revenue.

The government says the reductions will soon result in furlough notices to government employees and will trim government spending on defense contracts and in domestic government programs. Active military personnel and anti-poverty and low-income assistance programs are largely protected from the cuts.

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Tired of lies said on Sunday, Mar 3 at 4:37 PM

I wouldn't trust him, I'm sure he has something up his sleeve. I'm there is a blame republican something somewhere in the works.

Fugg said on Sunday, Mar 3 at 8:54 AM

Somebody better check that signature. Obama probably forged GW Bushes signature so he can place blame onto someone else.

Floyd said on Sunday, Mar 3 at 7:58 AM

Anti-poverty and low-income assistance. The democrats love taxing, they love spending a hundred times more than the taxes they raise. They could tax 100% of all incomes and it would not be enough to satisfy their spending habit. They will never learn that their spending is what causes the nation to fall deeper into poverty. Their anti-poverty and low-income programs are nothing but a front to buy votes to create more poverty. And they consider themselves to be the nations intellectual and political, "elite".

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