Bitter Sequester News Today : Breaking News, Live Updates & Top Stories | Vimarsana

You're going to see here, versus what had been planned without sequester. the blue line, up on top. federal spending, senator, still going up and really the sequester almost looks like a drop in a bucket. i hate to say that about $85 billion but that is how it looks? >> that is what happens with all the chicken little talk suggesting that the sky is falling. it represents a 2.4% cut in what has been a 19% increase in federal spending just since president obama has been president. now, all of us could agree this could perhaps have been handled better if it had been planned for and if flexibilit...

Ceiling deal, where he got a tax rate increase of $600 billion. and while he tried to get another deal that increased taxes by essentially closing loopholes and deductions, that didn't happen. the next battle, if it's not the continuing resolution battle, would be a debt ceiling battle, that follows that one. we always have another spot on the calendar here in washington, another fiscal cliff, another month away. jon: are republicans feeling emboldened because of what happened with the sequester? i mean the president and especially his cabinet secretaries made all kinds of assertions, many of ...

Administration over shot in trying to talk about the sequester and the impacts, and that they would happen in this bold way. and then to hear the president in the final days of last week to have to walk that back and say, no, it's not going to be a cliff, it's going to be a tumble, it's going to take weeks if not months to feel the impact. so some republicans feel that they did have a win, and that the administration took a credibility hit, especially toward the end of last week, but there is a lot of split within the republican party about how to go forward here. there are some that want to g...

And the net increase is more than the sequester cut, and i can do this with a lot of boards and chalkboard better than i can talking about it, but if you have an increase in the money, minus the 85 billion tkpwhrar dollars that was supposedly cut from the across the board sequester there will be a lot of republicans, especially in the house who are very upset. jon: thinking about it, i mean the sequester numbers $85 billion that is less than one tenth of the stimulus program passed four years ago earlier in the president's term. >> it's about 2.2.3% of the budget, and in the big picture not a ...

President obama's credibility saying in part, the president is in the awkward place of rooting for it to be felt as he and his administration predicted. at stake is the president's credibility. in the latest round of the seemingly endless budget wars which seem poised to dominate his second term. let's talk about it now with bob cusack, managing editor for "the hill." do you see it that same way, bob? this president does not seem inclined to compromise with congress it comes to their desire for spending cuts? >> that's right, jon. very different from the first term, democrats on capitol hill w...