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For Immediate Release February 28, 2013 Statement from the PresidentToday, Republicans in the Senate faced a choice about how to grow our economy and reduce our deficit. And instead of closing a single tax loophole that benefits the well-off and well-connected, they chose to cut vital services for children, seniors, our men and women in uniform and their families. They voted to let the entire burden of deficit reduction fall squarely on the middle class.
I believe we should do better. We should work together to reduce our deficit in a balanced way – by making smart spending cuts and closing special interest tax loopholes. That’s exactly the kind of plan Democrats in the Senate have proposed. But even though a majority of Senators support this approach, Republicans have refused to allow it an up-or-down vote – threatening our economy with a series of arbitrary, automatic budget cuts that will cost us jobs and slow our recovery.
Tomorrow I will bring together leaders from both parties to discuss a path forward. As a nation, we can’t keep lurching from one manufactured crisis to another. Middle-class families can’t keep paying the price for dysfunction in Washington. We can build on the over $2.5 trillion in deficit reduction we’ve already achieved, but doing so will require Republicans to compromise. That’s how our democracy works, and that’s what the American people deserve.
Blog posts on this issue March 04, 2013 6:52 PM ESTHanging Out with First Lady Michelle ObamaMrs. Obama joins a virtual conversation about Let’s Move!, her initiative to ensure our nation’s kids grow up healthy and reach their full potential.
March 04, 2013 3:52 PM ESTFulfilling our Commitment to Open Government: We Hear YouThe Open Government Partnership publishes the text of the President's directive extending whistleblower protections to the intelligence and national security communities, as requested by the community.
March 04, 2013 3:01 PM ESTU.S. Department of Labor Celebrates 100 Years of Helping American WorkersThe Department of Labor celebrates its centennial anniversary and looks forward to continuing its important work on behalf on America's workers.
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