Cuts Defense News Today : Breaking News, Live Updates & Top Stories | Vimarsana

On friday. the sequester may be here to stay perhaps in the short term. the senate top republican mitch mcconnell says sequestration won't do the kinds of extreme harm people claimed. he defends the dire need to cut spending. >> i think the american people need to know that we have a spending addiction in washington. we are exploding our spending. we have added $6 trillion to the national debt in just four years. >> meanwhile president obama's top economic advisor blaming republicans for refusing to compromise saying there should be no reason why any one in the gop would ever let cuts like the...

On friday. the sequester may be here to stay perhaps in the short term. the senate top republican mitch mcconnell says sequestration won't do the kinds of extreme harm people claimed. he defends the dire need to cut spending. >> i think the american people need to know that we have a spending addiction in washington. we are exploding our spending. we have added $6 trillion to the national debt in just four years. >> meanwhile president obama's top economic advisor blaming republicans for refusing to compromise saying there should be no reason why any one in the gop would ever let cuts like the...

To move the economy forward. we can't agree on that now. so i don't see the hard choices being made realistically. and it's going to take a nominee who is willing to risk it all the to make that first step. >> david, it looks like you want to jump in there, david. >> i do. look, i think the test for the president's budget and the seriousness of both republicans and democrats is whether they're prepared to reform the entitlement programs. >> right. >> starting with medicare and medicaid. social security. those make up well over half the budget. and what's being discouraging so far is that almos...