Page 8 - The Sequester News Today

So yes or no. >> no, i dont think theres a deal right now. >> dana, deal by thursday? >> i think medvedev voois tax is weak tea. >> whatever happened to yes and no. >> we dont do yes or no on "the five." >> youre not on "the five." >> i know. i would say if the they cant do something about obama care and if you look at the front page of "the new york times" how it was a systematic -- >> deal by thursday? >> not if theres nothing with obama care, no. >> 11:59 at night thursday night. >> yes? geor...

>> what will you do -- >> we are best and stay united on basic principles of less government, less spending. youll see us stay unite thad we wont increase spending. the sequester has been one of the good things thats happened, one of the few things weve done where weve actually controlled spending somewhat in this town. >> let me ask you two direct questions. if you say youre not willing to accept that, are you prepared to let this go past the deadline on thursday when the secretary of the treas...

Mcconnell manage to -- >> thats -- i want to pick up, because the whole house piece, this is fascinating, but lets just -- i want to make sure we understand what it is that harry reid and the democrats are looking for here. this susan collins plan we were talking about yesterday morning, it would have extended the debt ceiling until the end of next january. >> right. >> it would have put in this, like, process, where supposedly the house and senate would agree on a long-term budget plan before -...

Invest and hire. the democrats would get that. with regard to the sequester it is true that the spending levels are supposed to go down in january. but theyre supposed to go back up again a year later. you could move some of that spending from a year later forward. in the aggregate, the spending would be the same, but the democrats would get a little more right now. thats going to create a lot of heartburn for the republicans, particularly mitch mcconnell from kentucky. >> facing a tough re-elec...

Republicans cave? >> thats the only reasonable explanation for the fact that they have moved the goal post. their iron principle was they wanted a clean cr and a clean increase of the debt limit. now theyve attached something to it, they want to change the law, the budget control act of 2011 to break the sequester. for years weve been told if only the republicans would listen to the moderates like susan collins. susan collins comes forward and says lets delay the medical devices tax for which th...

I dont know anybody else thats come up with it. whats the sweet spot now? whats a deal that both sides could accept. honestly do you think theyll be able to make it before thursday and the deadline. >> the second question, i have no idea. this much i do know. i said before the democrats had moved the goal posts by breaking the sequester. thats not just moving the goal post. thats a pi son pill. if you want to bring republicans together, tell them they have to break the sequester. the sequester i...

I dont know anybody else thats come up with it. whats the sweet spot now? whats a deal that both sides could accept. honestly do you think theyll be able to make it before thursday and the deadline. >> the second question, i have no idea. this much i do know. i said before the democrats had moved the goal posts by breaking the sequester. thats not just moving the goal post. thats a pi son pill. if you want to bring republicans together, tell them they have to break the sequester. the sequester i...

Cant be extorted in the future. he has to draw a tough line. talk about overplaying your hand, the poker analogy. the sequester levels would be baked in. now not only are they not going to get any serious extractions from obama care, but they might lose sequester cuts as well. >> maybe you can clarify, yesterday morning we were talking about maybe democrats would be willing to go along with this. i think a two-year delay in the medical device tax with obama care. is harry reid saying thats not p...

Did happen because the super committee didnt arrive at a deal. there are automatic spending cuts that are part of the law. if you extend the debt ceiling under the sequester, rather the governments funding under the sequester cuts, that means the cuts continue longer and the democrats dont like that. >> you asked for the sweet spot. a lot revolves around susan collins proposal. the medical device passed 17-1. it would be good for the economy. theres bipartisan support. >> not even a repeal of th...

Been when it gets to this point, mcconnell has gone around reid and to joe biden, the vice president, and there is some reporting about reid and a lot of democrats in the senate dont like the deals that joe biden has cut. he caught the fiscal cliff deal. he cut the deal, the debt ceiling deal two years ago, gave us the sequester, the super committee, the fact hes renegotiating this instead of biden maybe shows democrats feel they have more leverage here. >> dont underestimate the rethat the reid...