President Obama Slams Spending Cuts Labeling Them 'Dumb'

U.S. President Barack Obama is angered that $85 billion in budget cuts have gone into effect, due to the much talked about sequester. The president referred to the budget cuts "dumb." However, as much as the president is not in favor of the budget cuts, the government is spending too much money.

Barack Obama

It's a bad sign that even with the economy still facing tough times, members of Congress are unable to compromises, having to force their plans through, as opposed to coming to a mutual agreement. Both political parties are guilty of this.