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Pingree Reaction to Obama Statement on Mandatory Cuts



I am glad to see the President put forward this proposal but it's very frustrating that we are in this bind in the first place. The arbitrary, across the board mandatory cuts that will happen if the sequester is allowed to take place were a bad idea in the first place and that's why I voted against the mechanism that set them up. Allowing them to go through will set back an economy that is just beginning to recover and we need to find a way to head them off. I agree with the President that the best approach to deficit reduction continues to be a balanced approach that combines reasonable cuts with a modest tax increase on the rich.

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