Page 73 - The Sequester News Today

Years in the making where at some point this is going to have to come to a head. at some point president obama is going to have to call the bluff of the republicans. there were battles over continuing resolutions to fund the government in 2011. there was a summer of 2011 with the debt ceiling. there was the super committee. they were setting up the fiscal cliff. now weve got continuing resolution in march. now weve got the sequester, march 1st. now weve got debt ceiling all over again. one of th...

To push through, and in order to replace the automatic spending cuts, the sequester, thats $1.2 trillion, say it takes another trillion $1.2 trillion to get us through one more year, they would have to identify $2.5 trillion in cuts just to get the debt ceiling extended to next year. $2.5 trillion. they cant even -- congress has not been able to identify $1.2 trillion in cuts that theyre happy with because these same republicans say they dont want to cut defense. they claim that they dont want t...

By the end of the month. martha: they are getting face time with joe biden this week. he will meet with the nra. gun rights advocates have been very clear that they are dug in on this issue, right. >> reporter: the nra has agreed to send a representative t who is going there to listen. there is a circling of the wagons around the second amendment. various groups are mobilizing politically to try to block anything that might infringe on the second amendment. new groups have just proclaimed januar...

Your moderation, whatever, you know, things you have to compromise, are going to go completely out the window. mitch mcconnell is going to fight for his political life, and the idea that he made this deal with vice president biden on the fiscal cliff, thats great. i cant wait to see what hes going to do on the debt ceiling, on the sequester, and on the continuing resolution as we get closer to his d-day. >> the thing, though, is in terms of national brand management, when you look at the polling...

Welcome back to "the ed show." thanks for watching tonight. the republican misinformation campaign on the debt ceiling got a big shot in the arm today thanks to senator john cornyn of texas. cornyn wrote an op-ed discussing the coming deadlines of the sequester, the continuing resolution to fund the government, and the debt limit. it may be necessary to partially shut down the government in order to secure the long-term fiscal well-being of our country, rather than plod along the path of greece,...

Much higher unemployment. >> youre talking about the sequester? >> the sequester and the repeal of taxes at the same time. plus the sequester. plus, you would have had no -- extensions of unemployment would have gone away. the doc fix, that is say, medicare rates would have gone down by 20%. so a lot of people would not have been able to get taxes. it was better than the alt ti . alternative. i think we will look back on this as either a good thing or a bad thing in the next two months. >> let m...

Theyre basically trying to cut because of some sadistic attitude toward folks. >> the president has indicated he might be willing to cut medicare and also willing to make an adjustment to calculations used with social security. >> well, no. i think you have to be very specific about this when talking about this. what the president has generally indicated is to make these programs more efficient. i dont think the president has come out in favor of actual benefit cuts and theyre two fundamentally ...

Have to give us spending cuts. and by the way, the republicanss think theyre out of the tax spending business. the president thinks they will. they also believe they have the leverage now with the debt ceiling. the only way the president gives him that leverage is to negotiate with them. so he has to stand very, very firm on that. >> im betting that he is going to stay tough on the debt ceiling. and im also betting, i may be the only one. i think theyre going to pull more revenue out in the next...

Thank you for being here. charles krauthammer said on the right this was a route for the ds. you disagree. >> normally when the far right and far left are in agreement, the middle makes the most sense. but not in this case. i think this is a very bad long-term deal for democratic priorities and thus for the president. because what we did was to take $3.9 trillion off the table permanently and set up three more fiscal cliffs over the next three months. the sequester, the debt ceiling, then the ex...

Really give up a dollar in spending. they didnt give up a dollar in anything. what is going to ultimately decide whether or not they got a good deal though is what comes next. here is what republicans believe will happen, well hit the debt ceiling, the republicans will threaten to push the country into debt ceiling, unless the republicans allow enormous cuts. and no tax increases. so in the end you will have enormous spending cuts and increases in taxes. the republicans say no way, they will not...