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All Speakers
00:00:0821 sec.
Obama, Barack - President

Good morning, everybody. As you know, I just met with leaders of both parties to discuss a way forward in light of the severe budget cuts that start...

00:00:2951 sec.
Obama, Barack - President

The good news is the American people are strong and they’re resilient. They fought hard to recover from the worst economic crisis since the Great...

00:01:2043 sec.
Obama, Barack - President

Now, what’s important to understand is that not everyone will feel the pain of these cuts right away. The pain, though, will be real. Beginning...

00:02:0325 sec.
Obama, Barack - President

All of this will cause a ripple effect throughout our economy. Layoffs and pay cuts means that people have less money in their pockets, and that means...

00:02:2834 sec.
Obama, Barack - President

So economists are estimating that as a consequence of this sequester, that we could see growth cut by over one-half of 1 percent. It will cost about...

00:03:0235 sec.
Obama, Barack - President

And let’s be clear. None of this is necessary. It’s happening because of a choice that Republicans in Congress have made. They’ve allowed these...

00:03:3731 sec.
Obama, Barack - President

I do believe that we can and must replace these cuts with a more balanced approach that asks something from everybody: Smart spending cuts; entitlement...

00:04:0824 sec.
Obama, Barack - President

I don’t think that’s too much to ask. I don’t think that is partisan. It’s the kind of approach that I’ve proposed for two years. It’s...

00:04:3229 sec.
Obama, Barack - President

I do know that there are Republicans in Congress who privately, at least, say that they would rather close tax loopholes than let these cuts go through....

00:05:0127 sec.
Obama, Barack - President

In the coming days and in the coming weeks I’m going to keep on reaching out to them, both individually and as groups of senators or members of the...

00:05:2840 sec.
Obama, Barack - President

In the meantime, we can’t let political gridlock around the budget stand in the way of other areas where we can make progress. I was pleased to see...

00:06:0832 sec.
Obama, Barack - President

And I think there are other areas where we can make progress even with the sequester unresolved. I will continue to push for those initiatives. I’m...

00:06:4012 sec.
Obama, Barack - President

This is the agenda that the American people voted for. These are America’s priorities. They are too important to go unaddressed. And I’m going...

00:06:523 sec.
Obama, Barack - President

So with that, I’m going to take some questions. I’m going to start with Julie.

00:06:5511 sec.
Q

Thank you, Mr. President. How much responsibility do you feel like you bear for these cuts taking effect? And is the only way to offset them at this...

00:07:067 min.
Obama, Barack - President

Look, we've already cut $2.5 trillion in our deficit. Everybody says we need to cut $4 trillion, which means we have to come up with another trillion...

00:14:185 sec.
Q

It sounds like you're saying that this is a Republican problem and not one that you bear any responsibility for.

00:14:233 sec.
Obama, Barack - President

Well, Julie, give me an example of what I might do.

00:14:262 sec.
Q

I'm just trying to clarify your statement.

00:14:2851 sec.
Obama, Barack - President

Well, no, but I'm trying to clarify the question. What I'm suggesting is, I've put forward a plan that calls for serious spending cuts, serious entitlement...

00:15:1926 sec.
Q

Mr. President, the next focal point seems to be the continuing resolution that’s funding the government at the end of the month, that expires at the...

00:15:452 min.
Obama, Barack - President

Well, I’d like to think I’ve still got some persuasive power left. Let me check. (Laughter.) Look, the issue is not my persuasive power. The...

00:17:507 sec.
Q

Just to make it 100 percent clear, you’d sign a budget that continues to fund the government even at the lower levels of the sequester, even if you...

00:17:5740 sec.
Obama, Barack - President

Zach, I’m not going to -- I never want to make myself 100 percent clear with you guys. (Laughter.) But I think it’s fair to say that I made a...

00:18:3710 sec.
Q

Mr. President, to your question, what could you do -- first of all, couldn’t you just have them down here and refuse to let them leave the room until...

00:18:4724 sec.
Obama, Barack - President

I mean, Jessica, I am not a dictator. I’m the President. So, ultimately, if Mitch McConnell or John Boehner say, we need to go to catch a plane,...

00:19:112 sec.
Q

But isn’t that part of leadership? I’m sorry to interrupt, but isn’t --

00:19:132 min.
Obama, Barack - President

I understand. And I know that this has been some of the conventional wisdom that's been floating around Washington that somehow, even though most people...

00:22:0317 sec.
Q

What do you say to the people like Mayor Bloomberg -- who is no critic of yours in general; he endorsed you -- who argues that there is some what he...

00:22:204 min.
Obama, Barack - President

Well Jessica, look, I'll just give you an example. The Department of Defense right now has to figure out how the children of military families are...

00:26:212 sec.
Q

Thank you.

00:26:23
Obama, Barack - President

Hey, Christi.

00:26:2319 sec.
Q

Mr. President, your administration weighed in yesterday on the Proposition 8 case. A few months ago it looked like you might be averse to doing that,...

00:26:422 min.
Obama, Barack - President

As everybody here knows, last year, upon a long period of reflection, I concluded that we cannot discriminate against same-sex couples when it comes...

00:29:0514 sec.
Q

And given the fact that you do hold that position about gay marriage, I wonder if you thought about just -- once you made the decision to weigh in,...

00:29:191 min.
Obama, Barack - President

Well, that's an argument that I’ve made personally. The Solicitor General in his institutional role going before the Supreme Court is obliged to...

00:30:5311 sec.
Q

Thank you, Mr. President. You said a few minutes ago and you’ve said repeatedly that the country has to stop careening from crisis to crisis.

00:31:04
Obama, Barack - President

Right.

00:31:0413 sec.
Q

So with a few crises behind us and a few more crises ahead of us, taking a step back from this specific debate over the sequester, how, as the leader...

00:31:174 min.
Obama, Barack - President

Well, a couple of things. Number one is to make sure that we keep making progress wherever we can on things that are important to middle-class Americans...

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