Thunder Cap News Today

That, i read that many cuts are back-ended, meaning theyll occur after the year 2014. nothing will happen this year, the year after, but 2014 is it when really matters. >> thats not true. theres immediate cuts. its modeled after the cut, cap and balance approach. theres a balanced budget amendment vote will occur sometime this fall, something weve been fighting for a long time. there will be some immediate cuts made on the order of about $917 billion. those are -- thats spending that will be cap...

Department gets devastated. >> greta: we havent had a lot of successful committees. >> im with you. >> greta: so youre saying that if the committee fails, its going to be devastating to the defense. >> under this agreement, it will be. >> greta: as you say, but theres been no history -- >> how much money do we spend on defense at the federal level? defense. under this agreement, if the joint committee doesnt produce a product, 50% of the cuts come out of the defense department. i believe the num...

A gun to our heads come september 29th, when everyone is rushing around to pass these bills, nobody reads them and late-night meetings. its nuts. >> its a terrible way to run a railroad, especially a $3.7 trillion railroad, and thats got to change. if we can get the majority back in 2013, elect a republican president. that being said, theres a cap set for 2012, which starts october 1st, and congress will have to come back in september and make decisions about how to spend the money thunder cap. ...

That, i read that many cuts are back-ended, meaning theyll occur after the year 2014. nothing will happen this year, the year after, but 2014 is it when really matters. >> thats not true. theres immediate cuts. its modeled after the cut, cap and balance approach. theres a balanced budget amendment vote will occur sometime this fall, something weve been fighting for a long time. there will be some immediate cuts made on the order of about $917 billion. those are -- thats spending that will be cap...