The US President Barack Obama has warned the Congress that people will lose their jobs if deep budget cuts are allowed to take effect next week. Mr Obama said, 85 billion dollars in cuts was a harmful meat-cleaver approach to deficit reduction as he stood with emergency workers at the White House. He also offered targeted spending cuts supporting a proposal similar to that outlined by Senate Democrats last week. The President said, these cuts are not smart, they are not fair, they will hurt the economy. This is not an abstraction. People will lose their jobs. Mr Obama said that while he was open to cutting back on unsuccessful or unnecessary government programmes, he accused Republicans of ideological rigidity for opposing tax increases. Congress is in recess this week, leaving even less time to negotiate a budget solution ahead of the 1st March deadline.