Obama Urges Congress to Stop Fiscal Crisis
President Barack Obama asked Congress to work with the White House on an agreement to stop a fiscal crisis just a few hours after the automatic spending cuts took effect. He said that the sequestration threatens the nation’s economy as well as his domestic policy agenda.
President Obama and the Republicans failed to stop the $85 billion sequester and this guaranteed that the fiscal issue will be at the focus in Washington for weeks to come. It would take the spotlight away from the president’s proposals to tighten gun laws, reform immigration, and increase the minimum wage.
It will take some time before the economic effects of the spending cuts will kick in but the political impact is already felt by President Obama and Republicans in Congress. According to a poll made by Reuters/Ipsos, Republicans and Democrats are taking the blame for letting the automatic spending cut take effect.
Most polls show voters blame Republicans for the fiscal issue but President Obama could see himself taking the blame the worst effects of the spending cuts, such as the laying off of thousands of federal workers. A Gallup poll showed President Obama’s approval rating fell to 47 percent from 51 percent.
President Obama signed an order last Friday night that would implement the cuts. In his weekly radio address, he urged Republicans to work with the White House on a compromise. He added that Americans were wearing of seeing Washington go from one crisis to another.
The president doesn’t give new solutions to the fiscal fights. There are no signs of negotiations between the administration and the Republicans. President Obama said in his address that he is going to keep on reaching out to the Republicans in order to fix the fiscal crisis.
The two parties disagree on how to reduce the budget deficit as well as the $15 trillion national debt that has bloated by the wars in Afghanistan and Iraq as well as the stimulus program to help the economy.