Page 9 - Base Budget News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> capitalism doesn't work. >> you're angry at wall street? washington, too, or just wall street? >> definitely washington. the politicians who are corrupted by a lot of the corporate money from wall street. >> so what do you want, protesters? it seems like people want a messiah leader. just like they did when they anointed barack obama. but, if you don't know what's wrong, no one can fix it for you. john adline is contributor and cnn columnist for "newsweek" and the daily beast. john, great to have you with us. you spent some time there, as well. >> great to be here. >> and i'm curi...

Let me throw it at you right away. what are the cuts, the big cuts and the big four medicare, medicaid, social security and defense that will balance the budget which is what you're calling for. >> eliot, we've had this conversation in the past with charts and without. i've told you each and every time, everything has to be on the table. we have to look at across the board cuts to every single program and every single department. nothing has to be exempt. one way to go about it, go back to a base budget using 2004 figures. there's not a business, there's not a family or state or local governme...

For $553 billion for the base budget as well as $118 billion to fund the current wars and he has cut many billions from the budget but warns any further cuts could be dangerous. take a listen. we shrink from our global security responsibilities at our peril. we have short sided cuts that could lead to tragic consequences later. indeed as they always have in the past. >> gates has suggested cutting the army in 2015 by 27,000 troops and the mains by between 15,000 and 20,000 by 2015 and another interesting figure from the hearings today, there will be only 150 u.s. troops left in iraq by the beg...

Clearly, we do a heck of a lot of business with them on the economic front, we have historically had a lot of military cootion or engagement at least with them as well. that has broken off in the wake of -- wake of some arm sales we made with taiwan last year, and so our military engagement is not what we would like it to be, however, the door is wide open and we keep asking for more military to military engagement so we can better understand what it is we are both trying to do with our military developments that are going on in both countries. jenna: and what are we trying to do? >> what is w...

With mark, that is important. but, look, the president and secretary gates have done significant work to cut obsolete weapons systems to save money. the president has a very vigorous bipartisan deficit commission going now under the leadership offers kin bowls and senator simpson. they're taking this very, very seriously. you're going to see this white house do what the earlier democratic administration, the clinton administration did, which is tackle the size of the base budget. it's only democrats that do this in modder times. >> andrew ross sorkin you have an article in the paper today. tel...