Sequester Kick News Today

Imprisonment. our president twice in the last year starting with a year ago has admitted that we dont have a strategy. were seeing the sequester kick in because of the incredible dysfunction of washington, d.c. gutdi in gutting our military. we have a president that doesnt believe that our leadership in the world matters. were in a more dangerous world off this. i believe we need to go the opposite direction. i believe we need to restore the cuts that have gutted our military and if they continu...

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For the economy to keep cutting jobs. >> jared, finally, as an economist, just give us an overview of how catastrophic this will prove, because theres been so much disputation about whether these cuts will really have much of an impact. republicans have been running around people like haley barbour saying he doesnt care, let the sequester kick in. >> yes, i disagree with haley barbours economic analysis, you wont be surprised. i suspect there isnt much there. when youre think being the sequester...

That appears to be the plan right now. >> well if this is a plan, they need better planning. theyve done the obstruction number before, and it hasnt worked out very well for them. the real issue i think is the internal dynamics within the republican party, the fact that there are sensible members of party who realize you cant cut right now or else you go back into recession. but they have to deal with the tea party wing. and they have to deal with the party that is angry that feels that got roll...

Right now or else you go back into recession. but they have to deal with the tea party wing. and they have to deal with the part that is angry that feels they got rolled in the fiscal cliff negotiation and wants to roll the president, damn the cost. >> sam, would the congress let this sequester kick in and then come back and try to pass something their way? what do you think, just to save face? >> that might be the case. i did an interview with representative jim miranda of west virginia a coupl...

Tea party wing. and they have to deal with the part that is angry that feels they got rolled in the fiscal cliff negotiation and wants to roll the president, damn the cost. >> sam, would the congress let this sequester kick in and then come back and try to pass something their way? what do you think, just to save face? >> that might be the case. i did an interview with representative jim miranda of west virginia a couple of weeks ago where he predicted that is the outcome. where you do hit seque...

New version of the rule would require people with incomes over $2 million a year after charitable deductions to pay at least 30% federal income tax rate. john boehner was asked today about the democratic plan to replace the sequester. >> would you rather see the sequester kick in than accept a deal that includes some new tax revenue? >> when the senate passes a plan, well be lehappy to take look at it. >> the house democrats introduced a bill today, but theyre not hopeful john boehner will be ha...

Already a bit wobbly by my lights is going to cost us on the growth and jobs side. >> yeah. one of the telling things was that in december there was a big jump in personal income because of people getting bonuses early and things like that. but spending didnt go up very much. and economists are expecting weak retail numbers for january. i think its the seasonal adjustment factors again. my feeling is to see a drag in the third quarter. excuse me, the first quarter. and then have to be carried by...

Members of congress. last night i thought the president exposed himself a little bit on that. wouldnt you agree that when he said in that moment that will not have a defensive sequester and have the administration folks -- he meant should not. wasnt there exposure on that issue for the president last night in. >> the president showing a clear-eyed effort to get a resolution between now and the end of the calendar year. a sequester is a tool that was insisted upon by the house republicans. gettin...

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