This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

NLC To Washington: Economy Too Fragile For Games, Cities Need Sequestration Deal Now

WASHINGTON, Feb. 19, 2013 /PRNewswire-USNewswire/ -- The following statement is from Clarence Anthony, executive director of the National League of Cities (NLC) in response to the President's remarks on sequestration today:


"The President today rejected the conventional wisdom in Washington that sequestration is inevitable. We agree with President Obama that the impacts of these mandatory budget cuts will be real and will be felt at the kitchen tables of families in cities across the country. 

"The economy is too fragile for political games. The only reason Washington has decided that sequestration is inevitable, is because it lacks political will power to stand up and make the difficult choices that come with national leadership. 

"The nation spent the New Year's wondering if Washington would throw it off the fiscal cliff, only to have it postponed until March. While someone outside the beltway would have a reasonable expectation that Washington would fix the problem, this is apparently too much to expect.

"Since the downturn, our cities have had to reevaluate their priorities and made the tough choices necessary to ensure the fiscal health of their communities. They have lived under the threat of the fiscal cliff, while Washington has failed to resolve the problem.

"NLC's members understand that blunt instruments can harm a city as much as a poorly performing economy. Cities continue to look at what should be cut while still maintaining much needed investments. They know that you cannot sacrifice growth and the future of your community just to make a budget number.

"This is not a nebulous issue - there will be real impacts on the economies and especially on the local level. NLC supports continued smart investments in education, job training and infrastructure. This will lay a strong foundation for future growth while putting people to work now."  

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs