The White House is threatening a presidential veto of a Senate Republican measure that would give President Barack Obama more authority and flexibility to find $85 billion in spending cuts this year. The measure is intended to replace the automatic across-the-board cuts scheduled to kick in Friday.
The White House says it instead backs a Democratic measure to replace the cuts with tax hikes on millionaires and spending reductions over 10 years.
The White House says there is no way to cut $85 billion over the remaining seven months of the fiscal year without “drastically affecting national security and economic policies.” A statement by the White House budget office says Obama’s advisers would strongly recommend he veto the Republican proposal.
Once again Obama demonstrates bold leadership. Rather than take responsibility for deciding where to cut 2% of the 2013 federal budget, Obama bravely passes the buck to Congress.
Can you really blame him? According to Maxine Waters those cuts will cause 109% unemployment.