Page 18 - Sequestration Cuts News Today

Administration would they be so silent. robert greenwald, joan walsh and lawrence korb, thanks for the conversation tonight. up next, less than four weeks until sequestration cuts into effect, goes right into effect. could we be looking at another recession? we just might be if john boehner gets his way. stay tuned.

No, we are not. >> even if its from tax reform? >> if you keep raising revenues, youre not going to get different tax reform. i know you didnt want a chart, but im kind of a chart guy. this dream line shows you the historic taxes. the red line is tax increases. the red line, where spending is going. spending is the problem. revenues arent the problem. if you keep chasing higher spending with higher revenues as theyre calling for, youre going to hurt economic growth. youll never catch up. youll s...

Tweet them to us at fox friends first or e-mail to us at foxfriendsfirst@foxnews.com. 12 after the hour. even if the defense department vieds the automatic sequestration cuts in march some say the military could receive cuts. jennifer griffin explains why. a long time teacher is fired for give ago student exactly what he wanted a copy of the bible. a look at the gas prices. the national average 3.31 cents. thats unchanged from yesterday.

Government spending. half of that, $600 billion for defense. a grossly disproportional amount for defense but there it is. >> neil: over ten years. >> the problem with it is they are across-the-board cuts. they dont distinguish between good programs and bad programs, hardware and people. just an across-the-board cut and what you have seen is a lot of republicans who are justly opposed to that kind of cutting essentially posing all pentagon cutting and what i was saying in the piece today is that...

Have an agenda in terms of spending money? >> yeah. >> the president leaves that out in every speech. >> say that again? >> he has what in every speech. >> which means we have to have major spending cuts. >> id like to put to rest that sequestration is going to bring december states cuts. it wont. were you look at projections with the impact of sequestration cuts on the growth of government spending, basically, its a cut, with the exception of the first, its a cut and even that is very minor. th...

That game. he said it again tonight, the good faith and credit of the united states is not going to be put at risk, he said. he raised a point that has been raised many times, congress cannot take away the ability to pay the bills that congress has incurred. he laid down that marker. the question remains, congress has to vote to raise that debt ceiling. that is simply the fact. the debt ceiling has been hit yesterday on december 31st. because the treasury secretary is able to move around some si...

Entitlements. nothing touched there. no, it was going to be touched. the president even said, he told david gregory, yeah, ill do a deal to adjust social security payments in the future, which would save a lot of money in the first decade, but the next decade, wow! that would have made a huge difference for us fiscally. republicans somehow mismanage it and blow that. they dont get that. the military industrial complex, growing at such an alarming rate. we dont cut a dime on that. in fact, we hav...

Raise considering this fiscal cliff situation and the breaking news is no voice in the house tonight. how will it end up? >>reporter: it will end up how we have always known which is republicans are going to agree to an increase in the tax rates for the highest earners. in exchange they will not get a lot. but there will be an agreement. they are haggling over the amount, $250,000 to $400,000, around that and concerns about sequestration cuts. i have talked to senator whose say they could live w...

Off. he is going to come back with a larger plan, the obama tax cuts. then he will be able to reinstate those across-the-board sequestration cuts to gut things like defense, national institutes of health. he will be able to reinstate a lot of programs and give his caucus the opportunity to say, look, i am voting for something and to restore tax cuts for the middle class. i am voting to restore the great things. and the republicans are going to be in a really tough position because no ones going ...

And i think its two reasons. one, if we go over the cliff, i think democrats actually think the politics favor them, that the public is likely to blame republicans and the negotiations gets easier from their perspective, and on the republican side, the reason they think might go over the cliff, the real deadline isnt january 1st but when the debt ceiling comes due in eight weeks or so, and so neither side really sees this january 1st deadline as that big a problem. democrats think it gets better...