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Obama: Spending Cuts 'Dumb' but Won't Cause 'Apocalypse'

President Barack Obama heaped blame on Republicans on Friday for the failure to break a deadlock in efforts to avert looming automatic spending cuts and warned that a 'ripple effect' would start hurting the middle class and the overall US economy.

http://www.wbir.com/video/2198028734001/1/Obama-Spending-Cuts-Dumb-but-Wont-Cause-Apocalypse http://cdn.newslook.com/07/07b92e5ce9206a948c3b8bfc9483fc1d/images/frame_0008.jpg Obama: Spending Cuts 'Dumb' but Won't Cause 'Apocalypse' President Barack Obama heaped blame on Republicans on Friday for the failure to break a deadlock in efforts to avert looming automatic spending cuts and warned that a 'ripple effect' would start hurting the middle class and the overall US economy. John boehnerFinanceBarack ObamanewslookUnited States of Americaus 01:36

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