Obama: Cuts are a 'self-inflicted wound'

CNN writes, (CNN) – With the clock ticking, President Barack Obama traveled to military country Tuesday to boost pressure on Congress, saying the automatic, across-the-board spending cuts set to begin Friday could deliver a tremendous blow to the nation's economy and defense. "These cuts are wrong. They're not smart. They're not fair. They're a self inflicted wound that doesn't have to happen," Obama said at a campaign-style event at the site of a major defense shipbuilding contractor in Newport News, Virginia. If Congress fails to come up with an alternative plan by Friday's deadline, the federal…

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