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

I've looked at estimates of economists across the board, nonpartisans who argue that put it all together, add the sequester on top of it, and you're talking about growth that is about a percent and a half slower this year than it would be otherwise. let me read you a quick quote from somebody today up on capitol hill. "moreover, besides having adverse effects on jobs and incomes, a slower recovery would lead to less actual deficit reduction in the short-run." now that's not karl marx or chairman mao. that's ben bernanke. he is saying not only does slower growth hurt us in the way the congressw...

This problem before friday? >> i think in terms of political strategy on the part of the republicans who are being so obstinate and uncompromising, they've managed to move the debate from jobs to sequester. i'm not sure all members of congress could define sequester. it means automatic cuts with no thought. the meat ax just falls wherever. but they've managed to shift to a different turf, and therefore we're not arguing about how do we create more jobs in this country? because with a 7.8 unemployment rate, you're not going to balance the budget. we have to cut that by half. jared tried so hard...

This town whose policy agenda, whose ideology really depends on everyone's hair being on fire about the budget deficit. because their ultimate goal is to cut government, to slash government, to get rid of social insurance. and if people actually are aware of the kind of numbers you just showed, the fact that the deficit has fallen by half as a share of gdp. they say we have a spending problem. i just looked at the numbers the other day. between 2009 and 2012, spending was up 0.6%. >> it's out of control, spiraling out of control. >> it's a very idealogically motivated argument. again, if you'r...

Over 734,000 civilian defense department employees furloughed with a 20% pay cut over the next 22 days. and -- >> that's immediate. >> that's immediate. >> three-quarters of a million people over the next few weeks. >> that's right. they are going to cut become on gas purchases, purchases of clothing for their children, food. this goes directly to the bottom line of growth in this economy, and it's going to be a damper on that growth. >> jared, from an economic perspective, the prescriptions that we have heard like congresswoman kaptur just explained and like the white house has been explainin...

If you can believe that, and it's 2013, we will likely see over 734,000 civilian defense department employees furloughed with a 20% pay cut over the next 22 days. and -- >> that's immediate. >> that's immediate. >> three-quarters of a million people over the next few weeks. >> that's right. they are going to cut become on gas purchases, purchases of clothing for their children, food. this goes directly to the bottom line of growth in this economy, and it's going to be a damper on that growth. >> jared, from an economic perspective, the prescriptions that we have heard like congresswoman kaptur...