Press Esc to close
Sunday 23 July 2017
News updated at 12:02 AM IST

Time to start governing, says Obama

Washington, Feb 25 , 2013 (AFP) 9:51 IST

US President Barack Obama today warned warring politicians it was time to start governing as Washington heads into another manufactured crisis threatening the fragile economy.




Obama told an annual meeting of state governors at the White House that huge budget cuts due to hit on March 1 would "slow our economy, eliminate good jobs" and leave Americans with "thinly stretched" budgets wondering what to do.

The president is demanding that congressional Republicans stave off a set of arbitrary, automatic spending cuts known as the sequester by closing tax loopholes that benefit the rich and corporations.

"We can't just cut our way to prosperity. Cutting alone is not an economic policy," Obama told Democratic and Republican governors in the State Dining Room of the White House.
Many Republicans agree that the sequester, which imposes across the board cuts of USD 85 billion this year in government programmes, is a bad way to rein in spending and reduce the deficit.

But they argue that Obama is not serious about checking spending and warn the president that his success in getting higher income tax rates on the rich late last year is the last time they will permit him to raise more revenue.

Obama, who no longer has to worry about answering to voters, warned Washington had to "get past its obsession with focusing on the next election instead of the next generation".

"All of us are concerned about our politics, both in our own party as well as the other party. But at some point we've got to do some governing.

"What we can't do is keep careening from manufactured crisis to manufactured crisis.
"The American people have worked hard and long to dig themselves out of one crisis. They don't need us creating another one," Obama said.

Go to Top

Photo Gallery
Women sizing up a painting put on display as part of an art exhibition against communalism...

Women sizing up a painting put on display as part of an art exhibition against communalism...

Full dress rehearsal of oath taking ceremony of President-elect Ram Nath Kovind...

Full dress rehearsal of oath taking ceremony of President-elect Ram Nath Kovind...

A green parrot nestled in a tree hollow, in Chennai...

A green parrot nestled in a tree hollow, in Chennai...

A Hindu devotee offering snake in Burhi Gandak river, on the eve of Sawan Amavasya...

A Hindu devotee offering snake in Burhi Gandak river, on the eve of Sawan Amavasya...

A peacock butterfly can be seen sitting inside a sunflower near Celle, Germany...

A peacock butterfly can be seen sitting inside a sunflower near Celle, Germany...

Kawad yatri waiting for their turn in a queue outside a Shiv temple in Meerut...

Kawad yatri waiting for their turn in a queue outside a Shiv temple in Meerut...

A farmer ploughs his paddy field during monsoon session at a village near Balurghat in South...

A farmer ploughs his paddy field during monsoon session at a village near Balurghat in South...

Chennaiyin FC Co-owner and actor Abhishek Bachchan reacts during a press conference...

Chennaiyin FC Co-owner and actor Abhishek Bachchan reacts during a press conference...

Exile Tibetans hold posters of the late Nobel laureate Xiaobo Liu during a prayer service...

Exile Tibetans hold posters of the late Nobel laureate Xiaobo Liu during a prayer service...

Temples submerged in flooded waters of Narmada river at Gwarighat in Jabalpur...

Temples submerged in flooded waters of Narmada river at Gwarighat in Jabalpur...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.