FLASHBACK: In 2011, Obama Warned Congress Not to Undo Sequester Cuts

‘I will veto any effort to get rid of those automatic spending cuts to domestic and defense spending’

Obama Presses Plan to Delay Spending Cuts (Wall Street Journal)

WASHINGTON—President Barack Obama urged Congress to pass a small package of spending cuts and tax increases to delay the major spending cuts set to kick in next month, saying thousands of jobs and the nation's economic recovery hang in the balance.

"There is no reason that the jobs of thousands of Americans...not to mention the growth of the entire economy, should be put in jeopardy just because folks in Washington couldn't come together," Mr. Obama said in televised remarks Tuesday afternoon. A short-term measure, he said, would give Congress the room to continue work on a way to avoid permanently the cuts scheduled to begin March 1.

Congressional Republicans now reject any additional tax increases—to reduce the deficit, to postpone the impending spending cuts, or as part of an overhaul of the tax code.

[...] The automatic spending cuts set to kick in next month are known in Washington as the "sequester." They were scheduled to begin Jan. 2, but they were averted for two months as part of the fiscal-cliff deal. The sequester was a product of the 2011 political agreement that raised the debt ceiling in exchange for deficit-reduction measures.

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