Speaking to reporters on Friday about the sequester — the automatic spending cuts required by the Budget Control Act and slated to go into effect today after Congress failed to come up with a longer-term plan for deficit reduction — President Obama was blunt when it came to his view of the cuts and of the Republicans he blamed for them.
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"This is not the apocalypse. It's just dumb," he said. And he asserted that the economic impacts that the nation will experience will be "happening because of a choice Republicans in Congress have made."
Read more at CBS News.
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