Page 19 - Sequestration Cuts News Today

Even worse than he has the past week or so? >> getting a bipartisan deal, i mean thats really an interesting question if it ends up making somebody look worse. whats interesting to me about the calculus in all of this, this little bit of political kabuki theater. in some case thats actually what it is. polls are showing that the american people are actually following this debate very closely. its one that has been warned about for a long time. the automatic sequestration cuts have basically been...

Earlier today saying that the real fear is psychological impact. go over the cliff, deal with some of the technical problems of some of the tax issues, but still be left with a lack of confidence on the part of consumers and business and investors and really the threat that they worry about. >> can i make another point. michael is saying from a nonpartisan perspective this kind of threat in the governing process isnt working. and im saying from a more ideological perspective, its bad and irrespo...

We need to actually get on a treek that reduces spending in washington and doesnt play games. doctor fixes around things of this nature, never come to pass. >> this same house caucus, whats the one thing they passed? >> this support of the sequestration cuts. they are going to end the sequestration cuts which is going nowhere. >> so we can translate, the one thing they passed is revoking already agreed-to m cuts in spending of $500 billion. what have they done? voted to revoke the agreed-to cuts...

To go over the cliff. its going to be an interesting couple of weeks. >> i think fewer people are more representative of the other side. does grover norquist have any clout? >> he has some. can he stop a short-term deal from being done? its the desire to never cut a dime from the defense or the military budget. i think the question will be -- we will see a deal, will it be another short-term deal that kind of exchanges the stopping of the sequestration cuts of the military spending increases in ...

Based upon the results of the election tonight and maybe tomorrow, as well. but the results of this election we i think will dictate what kind of a one-year fix will do. i dont know of anyone who believes that we dont need to overhaul our tax code. people know that. both candidates thing we need to do that. can you not do that in a lame duck session. you need time, you need hearings and the committees need to do their work and that take as lot of time. we cannot wait on the committee to do all t...

Pitch there. i do want to talk about what you would do if you did get to the senate. it would be a lame duck session of the senate and congressman, that would have to handle some of the pressing issues, the fiscal cliff that jack welch talked about and you alluded to with the sequestration cuts. there is talks just about extending all of those bush rates, all of those cuts, putting them off for six months, maybe even a year, so that either reelected president obama or newly elected president oba...

That are conservative, fiscally minded and thats going to be good for the country. >> gretchen: the ships ships any net comment from the debate. did that rivet at all with your naval community? >> it was a silly comment. the united states navys home on the east coast is here in norfolk, virginia. to insinuate somehow that we need less ships that they would go the way of bayonets and horses is ridiculous. the defense review said we need 346. weve got under 290 now heading the wrong way. so of cou...

The bush tax cuts, the sequestration cuts are going to happen at the end of the year. in that lame duck session, they are going to negotiate a way out of it. the president made news saying sequestration will not happen. i thought it was giving away leverage. if you think, you know, that is your leverage to say, well, if you dont want the deal, we are going to drive over the cliff. >> you are so frustrated by this. >> i am. we thought this is never going to happen. its a hatchet. this is what hap...

And they reached back and got these three old senators idea to take the budget. if you cant balance the budget you have automatic spending cuts and thats what sequestration is, nothing more, nothing less. thats what it is. so they said, okay, if the committee cant agree well just have sequestration cuts. the committee didnt agree and now well have spending cuts across the board so where are those spending cuts going to come from? from the pentagon, whos freaked out about it? john mccain is freak...

Sequestration cuts which include defense, also discretionary spending and medicare. so, thats what people are talking about. and essentially everyone agrees that two things will happen if we go over the fiscal cliff and stay there. one, we will close the deficit by a significant amount and two we will have a significant slowdown in economic growth. everybody pretty much agrees about that. but the thing that bothers me is when republicans rail against and complain about the fiscal cliff. theyre i...