Idea Sequester News Today

>> ill let bob woodward in the white house litigate who is right on that matter. disagreement abounds i would agree with peggy more than she suspects. business community, working people, pedestrians cant survive and live and flourish if we operate our government at the federal level month by month, three quarter by quarter round clips. reality 9.4% in automatic cuts if this sequester goes through, 8.25 to discretionary spending. ive heard the president and my friends in congress and manages say ...

Long-term cateindicatcateindici. if youre making a 7%, 8% cut in the pentagon, the first thing you must do is pull back an aircraft carrier from the persian gulf. really, its the first thing? with that said, when you begin looking at the numbers and the difficulty of cutting, you realize you cant furlough uniformed military personnel. youre going to end up furloughing civilians. you cant make certain cuts so they become more drastic. in this situation they could have made more long-term. they ha...

We are for a balanced approach. weve had more than enough revenues, more than enough growth in government spending. now is the time to start shrinking our spending so we can grow private sector economy, not the government. >> first of all, this isnt about whether there are or are not cuts. the presidents plan has cuts. to some extent deeper cuts than the sequester provides. it also has the closing of loopholes, some of the same loopholes speaker boehner favored only a little while ago. what weve...

The president has to stand up to the plight. if he really thinks this will devastate the military, air traffic control, really devastate meat inspection, they rolled out great political theater, cutting 3% of the budget can cause all these consequences, here is a chance to say here is how we can do it better. the reality is the federal budget even after the cuts will be larger than last years budget. bob woodward has a great piece where he -- he doesnt use these words, basically says the preside...

John boehner himself, the speaker of the house, said this would hurt national security to let the sequester go forward. why not agree to additional revenues for cuts. >> were agreeing to government economy. the greed of washington, d.c. theres never enough revenue, never enough taxes for this administrati administration. i agree with my friend, we should be about growing private economy. nobody is saying we should do the cuts this way. in 2011 this president campaigned on a commitment he made. h...

Were not doing anymore. >> i think at this moment in time as we live from cliff to cliff, we do need leadership in terms of bringing the two sides together. i think thats what the public wants. from economic standpoint $85 billion is not much for impacts. i think wall street is seeing this as scare tactics. if the market really believed the economy was going to be paralyzed on march 21st, we would not be trading near record highs. thats exactly where we are right now. nobody likes a sequester. t...

Now its the congresss opportunity this week, as they come back from listening to their constituents about all the hurt thats going to be taking place in the country as a result of this sequester. i believe these members of congress will push their leaders to say lets fix this before friday. >> fair enough. as the chief executive, does the president have a unique responsibility to do something to break this impasse even if he feels hes absolutely right and doesnt have a good negotiating partner? ...

White house saying the president is moving the goalpost by insisting on tax revenues being in there. let me read a portion of whats in his opinion piece this morning. the final deal reached between vice president biden and senate minority leader mitch mcconnell in 2011 included an agreement that there would be no tax increases in the sequester in exchange for what the president was insisting on, an agreement that the nations debt ceiling would be increased for 18 months, so obama would not have ...

Think government cant tighten up a bit, even if its a clumsy way of doing it with the sequester. >> look, this is not your fathers faa. this is faa that has to meet certain contract obligations with our controllers. we know that air travel is back at a par prior to 91/11. we know a lot of people are flying. were not making this up, david. were not making this up in order to put pain on the american people. we are required to cut a billion dollars, and were going to do that unless congress gets t...

President hasnt reached out is just not true, not factual. hes reached out. hes talked to republican leaders. hes put a plan on the table. now its the congresss opportunity this week, as they come back from listening to their constituents about all the hurt thats going to be taking place in the country as a result of this sequester. i believe these members of congress will push their leaders to say lets fix this before friday. >> fair enough. as the chief executive, does the president have a uni...