(CNN)-President Barack Obama issued a veto threat Tuesday, following the introduction of a controversial spending bill last week. The bill is a continuing resolution that would fund federal government for the rest of the fiscal year and includes $100 billion dollars in spending cuts promised by House Republicans.
In a statement, the Obama administration affirmed that it is "committed to cutting spending and reducing the deficit so that current government spending does not add to the debt." But it also makes clear that it "does not support deep cuts that will undermine our ability to out-educate, out-build, and out-innovate the rest of the world," terms that sound familiar to those following the president's recent speeches.
Listing concerns that the bill would "sharply undermine core government functions and investments key to economic growth and job creation," the administration also denounced it as stripping the Defense Department of "resources and flexibility needed to meet vital military requirements."
If this bill is passed by both houses and reaches the president's desk, the administration left no uncertain terms about what will happen next.
"If the president is presented with a bill that undermines critical priorities or national security through funding levels or restrictions, contains earmarks, or curtails the drivers of long-term economic growth and job creation while continuing to burden future generations with deficits, the president will veto the bill," according to the statement.
House Republicans are expected to bring the spending bill to the House floor for a vote this week. The current spending bill that keeps the government running is set to expire March 4.
Good to see this President is keeping good on his campaign promise to "bring both sides together". What an idiot he is. Can you believe this bag is our President. Worst in history.
Good. We can't continue to complain that China and the rest of the world are moving ahead of us, and then not invest in education, infratructure and technology R&D.
Bravo Mr. President. The GOP ideas for cutting spending are irresponsible. Thank goodness our founders gave the veto power to the executive branch.
Mr. President, we can continue under the continuing resolution and not fund anything that you have proposed if necessary, or, we can make deeper cuts and realign some funds towards your new proposals. Either way, spending will be reduced. Get use to it.
I think it is time for this President to find a wall, put his back against it and PUSH BACK!
Republicans have already gotten more for the Rich than is remotely logical... I realize, that if I earned it, I "ought to be able to keep it," but at some point, it becomes ridiculous – like NOW.
In what world does it make sense that the Rich to ULTRA Rich get to keep an ill gotten tax break while Republicans are demanding even deeper cuts in things like Pell Grants and heating oil subsidies?
I agree with Obama on this one. You should cut, but not to the point where it hurts our economy. If we cut too much, the amount of people out of work will affect us economically and we will not be able to invest in technologies and jobs that can't be out-sourced. We can not compare the job of government to budgeting for the family at home. At home, (the majority of us) don't have businesses/external working people that rely on our income like the government. There has to be middle ground where we are cutting (enough to pay down the debt little by little), but we are investing in our future/creating jobs. The debt took 40yrs to accrue. It will take some time to pay it back.
2012 will not only be the end of the world but it will also be the end of your Career too.....called VOTE OUT
Here's a number for you: $400 billion dollars. $400 billion tax cut to the wealthiest Americans who don't need it. If you want to put a dent into the debt, stop giving tax breaks to the waelthy and tax breaks to companies that ship American jobs overseas. If you want to stop spending, that's where you should start first!
cut defense, cut Oil privileges spending, stop Bush Tax cuts for wealthy, o.k, not on education, green-energy, social security, medicaid, etc....pass senate and congress term limits, and anti-lobby, anti-entitlements...etc., this nation thus will be straightened....o.k, God bless you Obama.....God bless!!!!
Go for it Mr. President. Show the party of NO that you do care about US. They only care about their rich friends. You already compromised on giving the rethugs' rich friends more money. Enough!
Good for the President. Republicans have not done a single thing since taking office. What a sham
I'm all for reducing the deficit but spread the "hurt" around. End the Bush tax cuts, all politicians in DC take a pay cut and benefit reduction. Fine all politicians in DC who say the federal government is broken – they are all the federal government. Look at main street in Wisconsin – the gop governor is laying all the "hurt" on the middle class. You will start to see this in all gop states including Texas. Dumb 'em down...cut education, cut government workers, cut law enforcement, fire fighters, teachers....the gop have their marching orders from their corporate leaders!
You go Mr. President! These are the same fools that you are talking to that ran this country into a ditch! When is the RIGHT going to realize or admit that trickle down DOES NOT WORK! It's a proven fact people...even more so now than ever because BIG BUSINESS IS STILL SHIPPING OUR JOBS TO INDIA!!!!!!!! WE NEED TO PUNSH BIG BUSINESS!!!!!!
Also I think its funny that Mr. Trump said he would levy a 25% tax on all Chinese goods.....what kid of business does he run? if we did that China would call in the debt within 1 hr and sink this country by about 12 trillion dollars and it would throw us into a depression we have not seen since the 1930's......
Wake up middle america and learn what is and what is not fantasy.....Regan was a MYTH....he was not John Wayne....then again John Wayne was not a REAL cowboy people.......
the GOP consistently lack the credibility to run the economy. They believe ONLY their methods will save the economy now that Obama's policies have proven to be the smartest of all options because they considered all most other options and allowed full debate on the issues. Oh no, GOP want private debate and then utter unrealistic targets. Simple put the GOP leadership are really made up of retards you can see on their faces
Because the Unions have him behind the eight ball.He cannot afford to defund all the promises he made to get elected.But yet he will fund a "High speed railway" to no where,increase funding to NPR which can fund itself by private donations.He's not serious about cutting spending because thats not what Liberals do.
Republicains believe that this will help them in 2012. Keep thinking that guys it helps you loose an election being brats .. no one likes you guys by the way
The President has the right to veto and the House has the right to give no money. He wants to take the attitude of "My way or the highway" he does so at his own peril.
We're going to depend on Obama to be the last line of defense against the evil and just plain craziness of the repubs. i hope people stop listening to what they say and start watching what they're doing. they will show themselves as the enemies of the American people before these next two years are out. i hope Obama will work with them on the odd chance they come up with something decent, but that he will veto every last toxic bill that manages to get through the senate.
"undermine our ability to out-educate, out-build, and out-innovate the rest of the world,"
Does this really matter??? No matter how much we educate, build, and innovate, US corporations will send jobs overseas anyway for cheap labor so they can have record profits. Hello??? Unless America gets used to the idea of working for pennies after America out-educates, out-builds, and out-innovates, this is a waste of time. Instead of making cuts to education, we might as well do away with it. It's a joke.
As long as US corporations own our government, things will not change for average Americans. Again, HELLO ???!!!???
By all means Barry, talk about fiscal responsibility but don't do anything about it.
Is this the one with over amendments offered so far that do everything from deny funding for anything to do with the President's teleprompters to denying funding for any money being spent on maintenance or anything else to do with the residence part of the White House. They also want all funding pulled for Planned Parenthood and all forms of contraceptives. What a bunch of clowns that get paid $170,000 a year to play childish games and make our great country look really bad. How embarrassing they are.
repugs cant stand obama he always seem to be a step ahead of him. he came out with a budget that i dont agree with 100 hundred pecent. but i understand his stragedy, the repugs only plan is to see this president serve one term, and since they have almost all the mega rich folks on their side, so they have the voice, obama have to find a way around folks that owns all the mega media outlets and doesnt have the same ideology he has. he have to be smart wily and cunning, obama set out a budget out their because he knows that the repugs are looking for talking points to take into the next election, just like they did with health care and devastated the democrat base. this time the president dodge them some how and let them spew the same thing theyve been trying to catch him recommending for them to have another health care talking point. but the president tricked them and let them spill the beans first about entitlements and the budget. now they are steaming mad that they got tricked. and they lost their talking points to take into the 2012 election.