Phantom Cuts News Today

Sequester if push came to shove. >> steve, that was very rude of jay carney to remind us of what, to use numbers like the factual record. >> we can see this week -- in 2011, it happened twice, actually o-- first, there was this continuing resolution fight early in 2011. republicans were ready to shut down the government over spending cut demands. and the white house, what we now see there is a report out that jack liu found ways to make phantom cuts, to protect the poor, and republicans didnt re...

Ambush budget. the president is ambushing the american people. >> and also -- >> and promising to cut the deficit. >> are you done? >> and i think what he was going to say, by promising to cut the deficit but at the same time, increasing spending and a lot of people have said that some of these cuts in this budget are phantom cuts. for example, when you look at the cuts to the military, the cost that we might save from not being in the wars in iraq and afghanistan, well, really those arent savin...

well be live when it hams. yesterday speaker boehner told the troops to "get their asses in line". apparently not enough republicans have, and now his credibility is on the line. most of the opposition coming from tea party supporters, raw, open, direct rebellion. >> we want to make sure we never get here again. i want to support something that makes sure we never get here again. >> the deal that is on the table makes the hole deeper. and so dont -- you shouldnt expect people who belie...

to send it to the senate where it can receive action. >> well, the vote was scheduled for yesterday, rescheduled for early this evening and then put on hold again so the leadership could wrangle votes. theyre going that literally as we speak. still promising a vote sometime tonight. well be live when it hams. yesterday speaker boehner told the troops to "get their asses in line". apparently not enough republicans have, and now his credibility is on the line. most of the opposition comi...

boehners plan has now checked harry reeds. today those same bean counters are saying, yep, reeds numbers are wrong as well. but they also say that when its all said and done, reeds deficit cutting trumps boehners by, listen to this, more a trillion dollars. reeds plan, ten years, $2.2 trillion in net debt reduction. meantime boehners plan $850 billion. again, six days until default. so what about the white house here? no debt meetings, not today, at least not publicly on the presidents...

downgrade the nations credit even if a deal is reached. even if a deal is reached. its a aaa, nearly as good as cash or gold and has been almost from the begin. losing that status would raise interest rates for all of us, make mortgages cost more, stifle the economy, possibly trigger a run on the dollar. tonight, president obama restated his desire for a deal that includes tax increases on wealthier americans as well as spending cuts. he cited statistics appealing to bipartisanship and...

good evening everyone. breaking news, president obamas primetime call for a deal to end the debt crisis and house speaker john boehners response. the speech is coming with two competing proposals on the table. one from senate democrats and the other from house republicans, neither of which is looking very likely to pass. meantime, seven days until the government runs out of money and rating agencies are threatening to downgrade the nations credit even if a deal is reached. even if a de...

cnn congressional correspondent kate bolduan joins us now from capitol hill, what is the latest? >> reporter: you know the cbo numbers, the congressional budget office, jessica, this office that scores, gives a cost estimate, for legislation, its very critical, and this evening it came out the cbo brought out -- gave out its estimate, and it says that the speaker boehners bill falls short of what its target was. it says that it would only reduce the deficit by $850 billion, rather than...

he cited statistics appealing to bipartisanship and invoked the words of ronald reagan and also acknowledged how sharply divided washington is while trying to channel a bipartisan frustration among americans for what goes on in washington. take a look. >> i realize that a lot of the new members of congress and i dont see eye to eye on many issues. but we were each elected by some of the same americans for some of the same reasons. yes, many want government to start living within its me...

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