Page 12 - Sequester Cuts News Today

Mcconnell manage to -- >> thats -- i want to pick up, because the whole house piece, this is fascinating, but lets just -- i want to make sure we understand what it is that harry reid and the democrats are looking for here. this susan collins plan we were talking about yesterday morning, it would have extended the debt ceiling until the end of next january. >> right. >> it would have put in this, like, process, where supposedly the house and senate would agree on a long-term budget plan before -...

Cant be extorted in the future. he has to draw a tough line. talk about overplaying your hand, the poker analogy. the sequester levels would be baked in. now not only are they not going to get any serious extractions from obama care, but they might lose sequester cuts as well. >> maybe you can clarify, yesterday morning we were talking about maybe democrats would be willing to go along with this. i think a two-year delay in the medical device tax with obama care. is harry reid saying thats not p...

Did happen because the super committee didnt arrive at a deal. there are automatic spending cuts that are part of the law. if you extend the debt ceiling under the sequester, rather the governments funding under the sequester cuts, that means the cuts continue longer and the democrats dont like that. >> you asked for the sweet spot. a lot revolves around susan collins proposal. the medical device passed 17-1. it would be good for the economy. theres bipartisan support. >> not even a repeal of th...

But this actual issue has been on the table for weeks. >> oh, its been on the table for months now. you know, this conversation has been moved so far to the right republicans have made demand after demand after demand. a couple days ago they were asking for quick approval of the keystone xl to be added on to this. the goal posts have shifted every day. to have a true compromise, you have to have both parties willing to play ball. but republicans have been unwilling to get rid of some of these ve...

Do we have a deal? well, heres how republican senator bob corker described the situation this morning. >> well, there was some movement a couple days ago. i think things are not moving now. i think were in a status quo. i do think we will see our way through this. but the last 24 hours have not been good. >> talks on a bipartisan plan apparently broke down over the length of the debt limit increase and whether to lock in additional sequester cuts that are set to start in the beginning of next ye...

Spending already, and its funny, theyre all about obama care being the law of the land but so is the sequester. the sequester is the law of the land, and if we exceed that, its a real big step in the wrong direction. >> just for our viewers, the sequester are forced budget cuts that unless there is some agreement on capitol hill about spending, they go into place, and the next round is expected to go into place in january. so now -- >> yeah, and to clarify -- >> go ahead. >> and to clarify what ...

Land. if we exceed that, its a real big step in the wrong direction. >> the sequester is force the budget cuts that unless there some agreement on capitol hill about spending, this he go into place. and the next round is expected to go into place in january. so now -- >> yeah. and to clarify -- >> and to clarify what the sequester cuts are, theyre a cut in the rate of increase of spending because over ten years even with the sequester government will grow. it goes down for a year or two. we have...

The tea party wing of the republican party in the house and that is they are squarely against obamacare. this particular provision that shes talking about would repeal the tax on medical devices, also new income verification for people who get subsidies. it would also keep the sequester cuts in place through the month of march. so in her proposal, both sides get something. its interesting, the white house does not call this a negotiation. the republicans do call it a negotiation. >> brian: real ...

Point. clearly they stood their ground on obama care. you know, i dont think there is any kind of so-called grand bargain to be had out of this. and i think what weve got to start to think about here as the american people and as elections start to come up is look at where we are. look at discretionary spending as a percentage of gdp here in the united states, lowest its ever been in the last ten years. look at the budget that is on the table right now for the cr, which is as you have reported h...

Clean defund obama care to the floor and let the senate vote on it. why doesnt he bring the clean delay obama care bill to the floor and let them vote on that? >> republicans refuse to enter budget negotiations with the senate 18 times. 18 times it was proposed. 18 times they refused. in fact they bragged about refusing it and then they started accusing the democrats of refusing to go to conference. that is a fact. >> the fact is that we were going to end up here because president obama and harr...