Watch this video on YouTube Just 10 days from now, Congress might allow a series of severe and automatic budget cuts to take place that will hurt our economic growth, add hundreds of thousands of Americans to the unemployment rolls, and threaten military readiness. But, as President Obama said this morning, these cuts don’t have to happen — Congress has the power to stop them. In 2011, President Obama explained today, Congress passed a law saying that if they couldn’t agree on a plan to reduce our deficit by $4 trillion – including the $2.5 trillion in deficit reduction lawmakers in both parties have already accomplished over the last few years – about $1 trillion in automatic, arbitrary cuts would start to take effect this year. “The whole design of these arbitrary cuts was to make them so unattractive and unappealing that Democrats and Republicans would actually get together and find a good compromise of sensible cuts as well as closing tax loopholes and so forth,” President Obama said.