Detailed text transcripts for TV channel - FOXNEWS - 20130218:15:07:00
You can't move things from less important things in order to make certain essential tasks are taken care of. >> there are others, this is just a drop in the bucket. >> sure it is. yeah, now, remember the sequester affects $85 billion worth of spending. we have a federal budget this year will be $3.5 trillion. that is over 3500 billions of dollars. now the problem is this falls in the discretionary side of the budget which is, you know, a very small fraction of the budget. most of the budget is on mandatory, autofy lot. congress didn't revisit every year. there are set formulas that dictate how...
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