LIVE: Obama: Sequester A 'Self-inflicted Wound,' Doesn't Have To Happen

President Obama speaks Tuesday at a Virginia shipyard on the danger of the sequester cuts, and lists ways the sequester would hurt the defense industry and the economy.

"The threat of these cuts has caused the Navy to cancel the deployment or delay the repair of aircraft carriers," he says. "Another might not get finished. Another might not get started at all."

"About 90,000 Virginians who work for the Department of Defense would be forced to take unpaid leave. That's money out of their pockets. That means a ripple effect... so it's not just restricted to the defense industry.

"All told, the sequester could cost tens of thousands of jobs right here in Virginia," the president says.

Obama also mentions damage to programs supporting college tuition and Head Start. He says prosecutors may be forced to close cases. Also on the list mentioned; airport delays; childcare problems; fewer cancer screenings and flu vaccinations.

"So these cuts are wrong... they're a self-inflicted wound that doesn't have to happen," Obama says.


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