Obama rings the alarm on spending cuts, but is he overplaying his hand?

President Obama rang the alarm bells on the forced spending cuts set to take effect just seven days from now.

"I have been very clear that these kinds of arbitrary automatic cuts would have an adverse impact on families, on teachers, on parents who are reliant on Head Start programs, on our military readiness, on mental health services, on medical research," Obama said.

But is the President in danger of overplaying his hand?

OutFront tonight: Daniel Altman, economics professor at NYU, John Avlon, CNN Contributor and Senior Political Columnist for Newsweek/The Daily Beast and Reihan Salam, CNN Contributor and writer for the National Review.