Page 4 - Sequestration Cuts News Today

Economy, threaten job creation. >> has an effect on gdp which has an effect on hiring. >> the manufactured crisis of these last few weeks harmed jobs and greg. >> now, that uh-oh moment, 204,000 jobs added in october, the same month as this ryanous government shutdown. 100,000 jobs more than expected. no surprise to jim. jim, the end of the world did not happen and much like the sequestration cuts which were going to be ruinous, didnt happen. >> of course it didnt happen. the bureau of labor sta...

Yes, the twitter ipo, up big, over 70% on its first day. just like the quarterly gdp numbers today, everything is going gangbusters, well, on the surface at least. dig down into the great economic number we saw today, the gdp report, and we find that people actually pulled back on their spending in the last quarter. look closer and you will see that the sequestration cuts have taken an enormous chunk out of this economy. with the white house today estimating that the shutdown and debt ceiling fi...

Deficit reduction. including the current sequestration cuts, we will have cut $4 trillion, thats trillion with a "t," through 2023. whats more, only about $1 in $5, 20% of savings, have come from revenue increases. everything else spending cuts. and i suppose, you know, mr. ryan will only be happy when that first number is zero in five, is that right? >> well, look, youre absolutely right, martin. if you look at the progress waef made over the last several years on deficit reduction. its overwhe...

Actually waiting to deal. they set up the previous year, attempting to execute the plan to extort unilateral concessions. thats what boehner wanted to do with the debt ceiling and ted cruz with the government shutdown. that failed. a disarray. theyre on the backup plan. the backup plan is a small deal. i think theyre going to try to lift sequestration cuts. automatic cuts to the, to the nonmandatory spending programs. for a year, maybe two, probably one year. and just fry to cobble together a sm...

Cuts. perhaps unsurprisingly the latest quest for elusive grand bargain may be falling apart. speaking to "politico" house budget committee chair, americas workout king, were showing that picture of him working out, threw ice water telling "politico" we need to focus on achievable goals. if we spend our time faulking about a grand bargain we will fall far short. that will require each party compromising their core principles. in this divided government were not going to do that. in an interview ...

The president has made clear that we think you should replace some of the sequestration cuts with sensible, balanced entitlement and tax reforms to put us in the right direction for the future. >> who do you blame for the inability to do what youve done in the past? >> obviously, there was a faction, particularly in the house, that took control of some of the direction of this debate. i would just look to what republican leaders have said themselves about how inadvisable it is and how it cant ha...

Do you think that has hurt the economy, hurt economic growth, the fact weve had this lower spending level? >> david, i think there is no question but that the deep spending cuts that are part of sequestration are holding back the economy. there are competing ranges, whether its a half percent or more, up to a percentage of gdp. the president has made clear that we think you should replace some of the sequestration cuts with sensible, balanced entitlement and tax reforms to put us in the right di...

Seen with ted and company. they want to replace the sequestration cuts with other things. >> going forward, there has been huge problems with the enrollment in the presidents health care law that have been well documented, but the attention has been on the shut down and going to the brink of economic catastrophe. report you worried that problems within the health care law will get more attention and could that impact a deal come january 15th where republicans will say look at the issues with the...

Sequestration cuts with and one thing we should note here too, the way this works procedurally, if they do come to an agreement, that has to go directly to the house and senate floors and cant be amend and cant be fill busted. mj, how optimistic are you that theyll come to an agreement here, especially when some republicans are considering sequestration, basically a victory? >> i think the new standards that have been put in place are really not good for having a well functioning and not dysfunc...

Seen is in my state where we had less problems, we had 12,000 people get on there and thousands and thousands of open accounts. we had hundreds of small businesses open accounts. % are getting through. i think some of the states are seeing different experiences. there should be a focus on that and there should be a focus on the rates and some of the offerings for people who otherwise either couldnt get insurance or were getting insurance that costs more. this gives them options they department h...