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Obama Urges Congress to 'Compromise' on Cuts

by KREX News Room
by John Dias
by Associated Press

Story Created: Feb 25, 2013 at 11:06 AM MDT

Story Updated: Feb 25, 2013 at 12:16 PM MDT

WASHINGTON (AP) President Barack Obama says Congress can keep across-the-board cuts from taking effect with ``just a little bit of compromise.''

Speaking to the nation's governors, Obama says the impact of the budget cuts may not be felt immediately. But he says the uncertainty created by the cuts is already having an effect on the economy.

The president says Monday that the longer the cuts are in place, the deeper the impact will be on the economy.

Vice President Joe Biden told the governors that they're more disciplined than Congress and chided Washington lawmakers for blocking a solution. He says everyone agrees the so-called sequester should be addressed.

Unless Congress acts, $85 billion in cuts will go into effect Friday. The White House has warned the cuts could affect everything from commercial flights to classrooms to meat inspections. They would slash domestic and defense spending, leading to furloughs for hundreds of thousands of workers.

For more on how this will affect on Colorado, click here.

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Floyd said on Tuesday, Feb 26 at 8:25 AM

GTP, I don't agree with this administration one iota, the agenda to destroy the U.S. is working. But, your idea that you will still have money when that happens, shows you have the same mindset as those who are doing the destroying. Look up the definition of destroy, you will have nothing more than anybody else. Just like the destroyers, they will have nothing either. Not even a way out, no matter how well they plan for it. There are more of us on SS than there are people like you.

Go Tea Party said on Monday, Feb 25 at 4:35 PM

Let the economy run into the ground so we can finally kill SS, Medicare, and min wage. I'll still have money when those are dead.

Compromise said on Monday, Feb 25 at 2:02 PM

I love the "compromise" game. Here's how to play it in public. Dare your opponent to "compromise". Demand something big that you don't have. Settle for whatever you can get. Keep playing until you get all you want.

Speechless said on Monday, Feb 25 at 1:35 PM

It is only a matter of time before we become one of the third-world countries in which we collect aid for.... I somehow highly doubt very many countries will be trying to collect aid for us if that turns out to be the case in a few short years.

sunset red said on Monday, Feb 25 at 1:14 PM

Why do you continue to promote CBS scare tactics from the White House? 3% of trillions of dollar budget is nothing. Get real.

Disgusted said on Monday, Feb 25 at 12:20 PM

Hip-hip Hooray for the Republicans! Somebody needs to say not only no but HELL NO! If Barry is so worried about the financial state of the leviathan, he can park the jet and quit slacking it on solo golf vacations!

Anonymous said on Monday, Feb 25 at 11:44 AM

Republicans, the party of no. Republicans the party of the let the old and disable live in the streets. Republicans, the party of more tax breaks for the uber rich.

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