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Obama Won't Risk Shutdown Over Sequester

Saul Loeb/AFP/Getty Images
Obama called the sequester cuts unnecessary and inexcusable on Friday.

President Barack Obama said Friday that he would not risk a government shutdown in an effort to avert the sequester, even as he continued to pressure Republican leaders to budge.

Obama called the sequester cuts that will kick in later Friday unnecessary and inexcusable, but said that they would not result in an apocalypse or a financial crisis.

We will get through this, he said. ... Its just dumb.

Obama said he would sign a continuing resolution if Republicans kept the same spending levels agreed to in the 2011 Budget Control Act, but acknowledged that the sequester would still kick in.

I think its the right thing to do to make sure that we dont have a government shutdown, Obama said.

He said he agreed to the spending levels two years ago and doesnt see a need to reopen that agreement.

Until Congress takes the sequester away, wed have to abide by those additional cuts, but theres no reason why we should have another crisis by shutting the government down in addition to these arbitrary cuts, Obama said.

After a meeting in which Republicans vowed not to give an inch on new revenue, Obama said he hopes they will as the sequester kicks in.

The president said that he understands Speaker John A. Boehner has strong opposition in his conference to allowing any more revenue now.

My hope is, that they can do it later, the president said.

He said that there is a caucus of common sense on Capitol Hill in both parties willing to accept both entitlement cuts and new revenue, but it is a silent group right now.

He said he hopes to reach out to them in coming weeks.

Obamas warning about the sequester seemed more subdued than at a series of recent events across the country warning of the impacts, but he insisted it would cost 750,000 jobs and knock as much as 0.5 percent off of GDP this year.

Were not making that up. Thats not a scare tactic. Thats a fact, Obama said of the economic impact.

Obama at several points mused whether there was something more he could do to convince the GOP to compromise.

Sometimes I reflect, you know, is there something else I could do to make ... some of the House Republican caucus members not not paint horns on my head?

Obama joked people seem to think he should perform a Jedi mind-meld with the GOP to get them to agree, in an apparent mixed metaphor, and at another point rhetorically asked the reporters in the room for advice.

Obama also kept up his attack line against the GOP.

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