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Sequester the defense budget will dwarf their adversaries. >> if sequestration happens we go from spending 40 cents out of a dollar to 38 cents out of every dollar, you decline but not by the massive amount. >> u.s. taxpayers spent $711 billion on defense in 2011, equal to the next 13 largest defense budgets combined. the second largest defense budget in the world was china, six times smaller than the u.s. but growing fast. coming up, the president says the government doesn't have a spending problem but that's not what you think. we've polled america. looking forward to your tax refund che...

right for america to stand with you. >> mitt romney trailing in polls when they are asked which candidate would handle foreign policy better. it's a critical time for him to recover from what some say were big gaffes made in britain. michelle is the co-chair of the obama campaign's national security committee and former defense secretary under president obama and in the situation room during the osama bin laden raid. nice to see you. thank you for talking us with this morning. do you see a big difference between mitt romney's foreign policy stance when it comes to iran and president ...