Page 2 - Budget Analysts News Today : Breaking News, Live Updates & Top Stories | Vimarsana

See you. this is pretty extraordinary reading this. a lot of your information, you and another reporter, your information is based on people who were in the room who -- anonymous, they're not revealing themselves because they were not speaking in an official capacity, right, so based on these sources, did anyone in the room at the time of this meeting or announcement ask what is the basis of these bans and why? >> so you have to understand the federal budget process. we're in that now. federal agencies are working on coming up with the documents to say here's what we do with the money that the...

To i call it his biggest success but the average citizen would benefit little. especially big companies down to profit with the tax rate set to be reduced from thirty five percent to twenty percent. smaller companies would see their taxes capped at twenty five percent. and income tax for employees could be anywhere from twelve to thirty five percent but families are set to receive more tax incentives. with this plan we are making progress reforms so that yes america can compete with the rest of the world but we're also making it so that families like these that are here can have more take home...

For 40 years we heard that. this is, honestly, a tired old budget. i could have pulled one out of the heritage from 1981 and it would have said the same things. and it won't do anything for the debt or the deficits that we're facing. so it really is a certain vindictiveness that bothers me. >> steve, would you say that explains some of the -- some of the things they're talking about are just tiny and serious budget analysts in the senate and house, and in the administration and in the past, look at these tiny numbers and they say this is not worth 10 more minutes of our time. we're not going t...

Vindictiveness. and i think it cuts like the public broadcasting system. for 40 years we heard that. this is, honestly, a tired old budget. i could have pulled one out of the heritage from 1981 and it would have said the same things. and it won't do anything for the debt or the deficits that we're facing. so it really is a certain vindictiveness that bothers me. >> steve, would you say that explains some of the -- some of the things they're talking about are just tiny and serious budget analysts in the senate and house, and in the administration and in the past, look at these ty tiny numbers a...

To be funded. fundamentally we are not seeing a relook or reorganization of the department of defense since 1947. secretary of defense pineda put out this 5 point opinion piece for the failure of the pentagon to do this. president obama called benghazi a result of sloppy thinking. we have sloppy thinking going on at dod not trying to figure out what is best to do regarding these cuts as well as to make an effective defense. >> military pay is exempt from sequestration. the budget analysts yourself expect widespread furloughs of dod civilians to pay for the military operations. >> that's right....