Austerity Calculation News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Economic growth? they're not talking about cutting defense. they're talking about cutting programs and government spending in areas that are just not programs. they deal with people. if those folks lose their jobs that just happen to be in the government, which means they then can't spend their paychecks in communities which has a ripple effect, but i leave it to the economist. >> there's two di mentions to what jonathan was just saying. first of all, you're right, when you start cutting too deeply, particularly in the nondefense side of the budget, you're going to start hurting people. and, i...

What you pay in taxes. >> the wealth manager says the money you have left won't go as far as businesses also deal with their own tax hikes. >> you are going to see less money in your paycheck. >> the government has to bite the bullet with $1.2 trillion in spending cuts. more than half of that is to the defense budget. >> they say families may need austerity calculation before making big purchases. look at the money you have and the money you need in the future to decide if you need the next big picture. doug? >> doug: thank you, molly. residents of the webster new york neighborhood set ablaze ...