Obama: Sequester Cuts (at Fermilab) Could Hinder U.S. Economy, Advancement

President Bartack Obama was speaking at Argonne National Laboratory on Friday, and for the most part, he was speaking about Argonne National Laboratory, as well.

But it doesn't take much reading between the lines to see that, as Argonne goes, so goes Fermi National Accelerator Laboratory in Batavia.

Obama visited Argonne, located just outside of Lemont, to promote his proposed Energy Security Trust, which would set aside $2 billion over 10 years to research alternatives for oil and gasoline.

While pledging his commitment to scientific research, Obama also acknowledged the looming budget cuts facing federal facilities like Fermilab as a result of the sequester.

"One of the reasons I was opposed to these cuts is because they don’t distinguish between wasteful programs and vital investments," Obama said. "They don’t trim the fat; they cut into muscle and into bone—like research and development being done right here that not only gives a great place for young researchers to come and ply their trade, but also ends up creating all kinds of spinoffs that create good jobs and good wages."

Argonne Communications Director Matthew Howard told reporters that the laboratory is anticipating at least 5 percent in spending cuts, which amounts to about $30 million to $35 million. Officials have yet to determine the impact on jobs or research.

During his speech, Obama referenced an article in The Atlantic written by the directors of the Department of Energy's National Laboratories, including Eric Isaacs of Argonne. The article claimed the sequester cuts will force them to cancel all new programs and research initiatives for at least two years.

“This sudden halt on new starts will freeze American science in place while the rest of the world races forward, and it will knock a generation of young scientists off their stride, ultimately costing billions of dollars in missed future opportunities," the article stated.

Obama said the cuts will harm, not help the economy by preventing the country from creating American jobs and maintaining its technological lead.

"We can’t afford to miss these opportunities while the rest of the world races forward," Obama said.

The president said he is reaching out to Republicans and Democrats to come together around a "balanced, smart, phased-in" approach to deficit reduction that includes smart spending cuts and new revenue, and that won't hurt the middle class or slow economic growth.

"If we do that, then we can move beyond governing from crisis to crisis to crisis, and we keep our focus on policies that actually create jobs and grow our economy, and move forward to face all of the other challenges we face, from fixing our broken immigration system to educating our kids to keeping them safe from gun violence," Obama said.

Obama's trip marks the first time a president has appeared at Argonne since former President George H. Bush visited in 1992, officials said.