Page 2 - Automatic Cuts News Today

If they have a job, theyre fortunate to have one and i think thats why the confidence is up despite the other headwinds youve mention $. >> confidence is up and consumer spending is up and im curious what role an increase in manufacturing is playing in that because we have seen that sector increase. >> well, you know, its interesting, consumer spending is up, but not in every area, certainly not lately, you know, the bigger ticket items, the big durable things, the refrigerators and the, you kno...

Sometimes at some presidential prevarication. >> what this points down to the president is trying to use the damage he says will take place under the sequester, automatic cuts, essentially to extract a tax increase from republicans. they dont want to give him more revenue, two months ago we passed the biggest tax increase in 20 years. so they dont want to do that. thats why the president who i think has flexibility under this law, to actually ease the harm that is done under the cuts, doesnt wan...

>> no, no, no, no, no. im not saying that. >> we have a poll, congressman, that shows when a lot of americans were asked about the subject about getting serious about this, how will the country get the budget deficit under control. nearly 6 out of 10 said only with automatic cuts. 29% said lawmakers can do it. 14% werent sure. >> nobody said you shouldnt have revenue and tax cuts, both of them. you shouldnt have just tax cuts. you should have something to get people back to work. >> we gave you ...

Into law because congress has adjourned until monday. >> gretchen: thanks very much. we asked you this question, i think this is very significant. what do you think about whether or not congress could trial do these cuts on their own? do they need something like southwest tore get the ball rolling? you say yep. that the only way youll get cuts on capitol hill is with automatic cuts. 57% of you said that appears to be the case. lawmakers can do it on their own, 29%. unsure, 14%. >> steve: keep in...

The cabinet secretaries have authority to move money around. on furloughs, the government required to give most workers a 30-day notice if theyre furloughed. if the sequester goes into effect march 1, no furloughs until april 1. >> a lot of people wonder, when you talk about automatic cuts, are we talking about cuts to the budget or talking about smaller increases in budget numbers? i think that matters to folks at home. also, what will it take to get a bipartisan resolution before march 1? >> t...

Scrap medicare, social security and medicaid. >> republican leaders were puzzled that the president didnt address what every member of congress knows to be true. >> if we dont work together to strengthen our entitlement programs they will go interrupt. >> automatic cuts will be forced on seniors who are already receiving benefits. rendering worthless the promises they built the retirement around. >> ironically, the presidents course essentially to ignore the problem, is the course that will semi...

The other side. how do you manipulate that balance between republicans who are going to be concerned about spending and democrats or the country that wants investments in the future. thats going to be -- >> hes going to need more tom qoms, jonathan, right? among house republicans. >> not a lot of tom coles in the house. not a lot in the house right now. look, i think this gets back to what i was saying earlier about how, yes, hes got a bit more running room than he had january of 09 but not that...

There is a political arm wrestling part of this and what will unfold over the next 24 hours in how they can reach a deal. sources in both parties are telling me that part of thesticking point right now is where to unleash that threshold. speaker boehner is also saying the sequester, that big ugly word for automatic cuts, that he wants to make sure that at least some of that stays in, meaning there would be spending cuts and that would certainly change the game going forward. because those big sp...

Happening. thats why speaker boehner has so much time. >> is there talk on the hill of people saying look, if we went over the cliff, we would have a deal in two weeks. you took them over the cliff and made them face this after january 3rd, they could come to a deal. >> there are folks that sago over the cliff. there are folks that say if you go over the cliff, the sequestration would harm so many. its the conscience of the congress for a reason. its something the members dont want to see happen...

Completely on their own. meanwhile, president obama is taking the day off, hitting the links today. >> the words government shutdown have become more and more common. a bipartisan group has come up with a plan. joining us, republican senator mike lee who cosponsored the bill. thank you so much for joining us today. >> thank you. good to be with you. >> it is called ending the government shutdown, something along those lines. tell us how it is going to work to make sure that key programs stay fun...