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Detailed text transcripts for TV channel - FOXNEWS - 20120105:17:54:00

Congress doesn t act this year. let me tell you the significance of that. right now with what the obama administration is doing, it means that we can no longer fight two military regional conflicts simultaneously. with these $489 billion in cuts we could probably fight one war. if congress doesn t act on the sequester and we don t restore those cuts i don t see how we can fight one war successfully. jon: the president promised in his opening remarks in the pentagon we would be able to take whatever challenges lie ahead. let me get your reaction on the other side. yes, our military will be leaner but the world must know the united states is going to maintain our military superiority with armed forces that are agile, flexible, and ready for the full range of contingencies and threats. jon: the full range of contingencies and threats. do you agree? jon, two points here. number one i do think the president and secretary panetta s increased ....

President Obama , Congress Doesnt Act This Year , 789 Billion , 489 Billion , Jon Scott , Congress Doesnt Act On The Sequester , Armed Forces , The United States Of America , Leon Panetta ,

Detailed text transcripts for TV channel - FOXNEWS - 20120105:17:54:00

Imposed on january 2013 if congress doesn t act this year. let me tell you the significance of that. right now with what the obama administration is doing, it means that we can no longer fight two military regional conflicts simultaneously. with these $489 billion in cuts we could probably fight one war. if congress doesn t act on the sequester and we don t restore those cuts i don t see how we can fight one war successfully. jon: the president promised in his opening remarks in the pentagon we would be able to take whatever challenges lie ahead. let me get your reaction on the other side. yes, our military will be leaner but the world must know the united states is going to maintain our military superiority with armed forces that are agile, flexible, and ready for the full range of contingencies and threats. jon: the full range of contingencies and threats. do you agree? jon, two points here. ....

President Obama , Congress Doesnt Act This Year , January 2013 , Jon Scott , Congress Doesnt Act On The Sequester , 489 Billion , 789 Billion , The United States Of America , Armed Forces ,