Page 2 - Board Sequester News Today

And others have sort of expressed similar frustration that you guys, and not to lump you all in the same group, but 435 congressmen and the white house and the senate thought it would be a good idea to create a scenario that would be so unthinkable, so unfathomable that you guys would have to work together to avoid it before it happened. here we are, four days from doomsday if you will and you guys havent been able to figure this thing out. why not? >> well, youre exactly right about how this wa...

Coming up -- congressman paul ryan has been a supporter of the automatic military and domestic cuts known as se questions stration for most of his career in the house as he made clear this interview last year. >> what conservatives like me have been fighting for for years are statutory caps on spending, legal caps in law, that says government agencies cannot spend over a set amount of money and if they breach that amount across the board sequester comes in to cut that spending and you cant turn ...

Never actually cut the spending. taxes went up, spending didnt go down. its just for a number of reasons, tax increases are what politicians do rather than reform government. rather than make tough decisions. >> do you think in this case then republicans are wrong to seek some sort of work-around on automatic cuts in defense spending after the failure of the super committee? >> well, the super committee was supposed to come up with $1.2 trillion in spending cuts over a decade. not a lot. but a s...

Reasons, tax increases are what politicians do rather than reform government. rather than make tough decisions. >> do you think in this case then republicans are wrong to seek some sort of work-around on automatic cuts in defense spending after the failure of the super committee? >> well, the super committee was supposed to come up with $1.2 trillion in spending cuts over a decade. not a lot. but a start moving in the right direction. because they couldnt come up with a list, it goes to a seques...

The politicians couldnt come up with a list, so you go to an across-the-board sequester. thats not as good as the paul ryan plan, which the republican house has already passed. that was a $6 trillion spending restraint. were not arguing with nothing on the table. weve actually had one body, the house, pass a responsible budget that cuts spending, doesnt raise taxes. senator schumer is the leader of the democrats in the senate. the senate didnt do a budget this year. they didnt do a budget the ye...

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February 7th. will it turn into another 11th hour fight? or might we get something done until we all talk about it minute by minute. >> it is congress. so the 11th hour seems to be when most things get done. what we have heard this week is this is not going to explode into some kind of a grand bargain as perhaps the white house. now, theres hope, it is likely this will be a piecemeal fix to avoid this, to perhaps deal with the across the board sequester cuts. not a lot of optimism. this will be ...

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