BREAKING: President Obama Has Signed order to begin Spending Cuts which he opposed but failed

WASHINGTON -- President Barack Obama has signed an order authorizing the government to begin cutting $85 billion from federal accounts, officially enacting across-the-board reductions that he opposed but failed to avert. Obama acted Friday, the deadline for the president and Congress to avoid the steep, one-year cuts. Obama has insisted on replacing the cuts, known as a "sequester" in government budget language, with tax increases and cuts spread out over time. Republicans have rejected any plan that included tax revenue. The government says the reductions will soon result in furlough notices to government employees and will trim government spending on defense contracts and in domestic government programs. Active military personnel and anti-poverty and low-income assistance programs are largely protected from the cuts.

Rush Limbaugh Rips Obama: He Enjoys Reciting Pain Americans Will Feel From Sequester

3/1/13 - With no deal ahead of the deadline for the automatic spending cuts to take effect, President Obama held a press conference on Friday — during which he continued to point the finger at Republicans, holding them accountable for lack of progress. Rush Limbaugh grew tired of this reasoning, during his show, criticizing Obama for feigned concern.

The presser and everything Obama said leading up to it has been "narcissistic" and "self-indulgent," Limbaugh asserted, adding, "I've never seen this kind of self-absorption."

"This president stands up there today and he enjoys, folks, reciting the kind of pain Americans are going to feel," he continued. "He is supposed to be doing things to prevent all of this, and yet not only is he not doing things to prevent it, he is encouraging these kinds of hurtful, harmful things to happen so he can blame the Republicans for it."

Contending that Obama's objective is to rid himself of political opposition, the radio host went on to say the president "benefits, politically, career-wise, he benefits from this pain" — so long as the blame is pushed onto someone else.

"There is no real concern for people and their lives," he said. "That's feigned."

Obama's 2012 interview with the Des Moines Register foreshadowed this despite his insisting the automatic cuts weren't his idea, Limbaugh continued. Specifically, he cited the quote in which Obama said: "So when you combine the Bush tax cuts expiring, the sequester in place, the commitment of both myself and my opponent...we're going to be in a position where I believe in the first six months we are going to solve that big piece of business."

Yet he said the sequester wouldn't happen during a presidential debate, Limbaugh noted — and both statements can't be true. In the Register interview, he concluded, Obama meant what he said.

Ron Paul : Sequester Is Just A Fear Tactic - CNBC 3/1/2013

Small-town USA reacts to the Sequester. How it's being felt by the average American, with former Rep. Ron Paul (R-TX) CNBC's Melissa Lee and the Money In Motion traders.

Peter Schiff ~ Obama Won't Finish his Second Term Without the Bottom Dropping Out

When truth is told in America, 95% of the time it falls on deaf ears. We are such a sheeple nation. I don't know what makes me angrier, the private interests who run the country and are destroying it by design, or the fact that americans dont pay attention to whats going on in their own country, so when you give them the truth you get called "doom and gloom."

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.Peter Schiff is an American economist, author, commentator and popular video blogger. Schiff, a licensed stock broker, is the president of Euro Pacific Capital, headquartered in Westport, Connecticut

More Foreclosures on the horizon in California

While parts of the United States are starting to show recovery from the housing crisis, in California the market is still struggling. Data shows that California remains the most affected U-S state by foreclosures