Page 2 - 487 Billion News Today

Declassified information that was mistakenly un -- declassified, i mean, whats your reaction on, on this line getting out and being a read in the committee meetings? >> well, i think its good for the american people to understand how tenuous this situation is. and how important it is for us to have a strong defense. our focus has been on the middle east, on iran, and then the president talks about shifting to a specific strategy. he cut $487 billion out of our defense on top of the $78 billion t...

Already cut out by the administration in terms of defense. >> he is reit. secretary gates took out $550 billion on hisnobody talk. f 22s, next generation bombers. combat search and rescue you helicopters. ships. the combat army fcs. so that has been done and then we were just levied another $487 billion and we all know today that harry reid on monday could pass a bill if he wanted to just like he did for obama care but you harry reid is saying the military is not important enough for me to pass ...

Already cut out by the administration in terms of defense. >> he is reit. secretary gates took out $550 billion on his own. nobody talked about it. f 22s, next generation bombers. combat search and rescue you helicopters. ships. the combat army fcs. so that has been done and then we were just levied another $487 billion and we all know today that harry reid on monday could pass a bill if he wanted to just like he did for obama care but you harry reid is saying the military is not important enoug...

Scenario, would have required a two-thirds vote to override those decisions of the president. turns the constitution on its head, in my view, and i say that with respect to my republican colleagues. this is a dangerous world. you saw this morning, north korea, the tensions are there. the sent finals are spinning in tehran. one of these places could explode at any moment. were going to have further cuts? weve already had $487 billion in cuts in defense taking place as we speak. >> steve: were run...

Not adding up and youre starting to see a level of ridiculousness coming out of washington d.c. that really has caused the american people a lot of concern. >> well, the other day or the other week, it was announced that the trueman aircraft carrier would not be deployed to the persian gulf because of money, because of sequestration. do you buy that that was a legitimate reason, are they short of cash? are we short of cash in our defense? >> absolutely. because one of the things you have to unde...

Spend this year for defense. that dropped down if ssequestration goes in. that is a cut and we are down to seven months left of the year but this is a major cut. the chiefs that have made the plans that work for a year to absorb the $487 billion in cuts, another $500 billion. they changed the strategy we have had since world war ii. the chief said we will not absorb another dollar without changing the strategy. we wont be able to do what they are asking to us do. >> bret: mr. chairman we are up ...

Versus those that would be ridiculous at this time. so what are some of these ideas? >> thats a very good question. we should be asked all the time, how much defense does the country need? how much money does it really need? and were embarked on a huge transition now from the era of iraq and afghanistan and our necessarily total preoccupation on them to the threats that are going to determine this countrys future. we also understand that a strong defense rests on a strong economy. so secretary p...

The eventuality looks like now it will happen. >> the words that the leaders of the defense department are using and others, devastation are unprecedented. we have to listen to them and take them serious. what the viewers should understand is that the defense department leaders are not insensitive to the economic crisis this country is facing with the debt and deficit and recognize that the defense department has to be reduced to some degree. what many of the viewers dont know is that there has ...

Immune or insensitive to the fiscal and economic crisis we have. they understand that. they know defense is part of that solution but theyre only 19% of federal outlays. the sequester is the 50% cut. thats what theyhw resent, disproportionate cut the defense has to take. it added to the $487 billion cut they already agreed to last year. that is hugely forgotten by many people. jenna: just in your experience youre seeing this story happen again. weve sieve this happen as you mentioned repeatedly...

That we would not take them and now we are on the pres pice of doing that very thing and they come on the heels . this is it what the viewers have to understand. the cut took place of 487 billion dollars of the defense department over the 10 years . stow this would be 500 billion dollar cut inspection to that . that bringings the navy and army back to preworld war ii in termless -- terms of number of ships and sold yerse. adverse impacts are prepare tod do something of consequence in the world. ...