Page 27 - Sequester Cuts News Today

A foot of snow today. >> poor, but it is nice. >> it will melt fast in april. >> youre doing triple duty today? >> of course. sequester cuts could effect the fight against terror. a man is arrested carrying a bb gun near president obama, and a dramatic rescue of a driver in a big rig dangling from a bridge. "first look" is back in three. ♪ if loving you is wrong ♪ i dont wanna be right [ record scratch ] what?! its not bad for you.

>> bill: wasnt she in some sitcom. >> ugly betty. >> bill: obama making gesture. >> its beautiful. he truly cares about america. you know what he is like? is he like that drunk stockbroker who throws 5 bucks at the homeless guy as he is walking into the four seasons restaurant. it was all symbolic. all substance to impress people but ultimately it means nothing. symbolism in his mind always beats substance. >> >> bill: he wants to give back. you know whats happening. it happened because on this ...

Work and sit on the couch than even to do part time work and receive government benefits. >> tucker: this is the measurable by the way. the unemployment numbers is a highly political number and its not actually -- i mean, people who stopped working or looking for work are not included. in the labor force participation number is the one you look at 63% of the population who can work are working. the problem is this inflames the entitlement crisis. right? so the fewer people working, the more peop...

Legislators want to take action on. >> do you have any sense whether people that are affected by this have been writing their legislators? honestly, your story, your reporting and all the ancillary things that have come as a result of that, is this the first lawmakers are getting a firsthand introduction as to whats happening? >> some lawmakers heard about it a little bit earlier. there was one clinic in connecticut that sent its medicare patients a letter in mid march saying we cant see you if ...

>> bill: wasnt she in some sitcom. >> ugly betty. >> bill: obama making gesture. >> its beautiful. he truly cares about america. you know what he is like? is he like that drunk stockbroker who throws 5 bucks at the homeless guy as he is walking into the four seasons restaurant. it was all symbolic. all substance to impress people but ultimately it means nothing. symbolism in his mind always beats substance. >> >> bill: he wants to give back. you know whats happening. it happened because on this ...

Sluggish, so he threw in the stimulus money back in 2009. it was supposed to lower incredibly the unemployment number. were not seeing that. so, again, its honing in on the fact weve got to look where the economy is. this budget is clearly no balanced approach at all. were seeing its skewed towards the tax hikes and theres no net spending cuts associated with the budgets and bringing back 1.2 billion dollar for the sequester cuts so in essence is not taking the approach of reining in the spendin...

This sequester would have effected the numbers on the screen here. 496,000 fewer in the labor force. 63%. lowest level since 1979. cathy busconich an economist, a unin of economists came out at the latter part of the week saying any idea that the sequester was to blame for these numbers is bologna. here is what she said. what is even more troubling about the most recent slowdown is that it takes place even before the sequester cuts materially hit the economy. our view that the estimated 3.5% rea...

The next ten years, they happen as much this year as next year, as much next year as the year after and thats the opposite of what you would want to do. they want to replace it with a larger total amount of deficit reduction. it would be back loaded. a lot less in year one, and then in year two and less in year three than year four. overall they think that would be a better glide path for the recovery. in that, they are right. i have argued before, i dont mind the way the sequester cuts are orga...

Would affect charities, home builders, pension plans, anybody who tried to buy a home. >> steve: writeoffs. >> brian: yeah. so-called closing of loopholes. >> steve: also when it comes to the sequester, much has been made about it in washington, d.c his budget would eliminate the sequester cuts and replace them with other cuts worth $1.8 trillion. so hes look for some deficit reduction. meanwhile, on the other side, lindsey graham, the senator from south carolina, remember, he said a while back ...

Mixed messages from the labor department. employers created a net gain of only 88,000 jobs. far below average. the unemployment rate still fell. how? half a million americans gave up hope. thats how. thats the killer here. so where are this out of work americans going? and how are they surviving? especially in the era of sequester cuts and the white house plans to cut the cost of living increase. the dynamic duo is back. thank you for joining us. >> sure. >> so let me start with you. answer my q...