WATCH: Obama Calls For Firewall Against Recession

President Obama on Tuesday called on Congress to pass a short-term budget plan to avoid a series of automatic cuts that would go into effect on March 1.

Speaking in the White House briefing room, the president said that Congress “should at least pass a small package of spending cuts and tax reforms that would delay the economically damaging effects of the sequester,” adding that thousands of Americans could lose their jobs unless Congress acts — sequestration would cut deeply into defense and domestic programs such as education.

“Our economy right now is headed in the right direction and it will stay that way, so long as there are no more self-inflicted wounds coming out of Washington,” Obama said.

The temporary plan put forth by the president is meant to give lawmakers a few more months to negotiate a long-term deal. He again called for a “balanced approach” to reducing the nation’s deficit through a mix of tax revenues and spending cuts.

Obama emphasized the importance of tax reform, again calling for ending loopholes and deductions for corporations and the wealthy as a deficit-reduction measure.

“We can’t just cut our way to prosperity,” the president said. “Deep, indiscriminate cuts to things like education and training, energy and national security, will cost us jobs and it will slow down our recovery. It’s not the right thing to do for the economy. It’s not the right thing for folks who are out there still looking for work.”

Visit NBCNews.com for breaking news, world news, and news about the economy

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

On Trial For Campaign Crimes, Trump Is Drenched In Tabloid Sewage

National Enquirer covers smearing Hillary Clinton in 2016

Back in the antediluvian era of American politics, perpetrating dirty tricks was considered proof of bad character and potentially disqualifying for public office, depending on circumstances.

Keep reading...Show less
Oklahoma Official Wants Chaplains In Schools -- But Only 'Christian' Nationalists

Ryan Walters

Book-Banning 'Moms For Liberty' Remind Me Of 'Harper Valley PTA' (And '1984')

Visitors to Oklahoma’s State Schools Superintendent’s personal social media page will notice a post vowing to “ban Critical Race Theory, protect women’s sports, and fight for school choice,” a post linking to a Politico profile of him that reads, “Meet the state GOP official at the forefront of injecting religion into public schools,” a photo of him closely embracing a co-founder of the anti-government extremist group Moms for Liberty, and a video in which he declares, “Oklahoma is MAGA country.”

Keep reading...Show less
{{ post.roar_specific_data.api_data.analytics }}