Page 3 - Hit Sequester News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Sequester, it's really hard to see how anything is going to happen. eventually washington turns to immigration to gun control to midterm elections and then you really can't have it. >> we wait until the markets collapse? >> markets don't care. they're up. defense stocks like we hear it will be cut so much and it will be the end. >> care about profits. dividends. balance sheet is great. >> the market doesn't care. >> no. the market is actually saying washington is a big distraction. we got the tax rule. capital gains. dividends. where they fit. the american people for the most part don't have a...

Sequester. in fact, he is taking the long view. because you have said that you believe that we need to close loopholes, because that is the president's position, because of the long view on the economy, why is it over the weeks and weeks and weeks leading up to today, not just a meeting tomorrow but leading up to today, hasn't there been a move to a long view that involves dealing with loopholes and preventing the sequester from going into place? >> i hope, melody, that we will get to a place where we are doing the big deal. we need to do entitlement reform and tax reform together but picking ...

These people. >> is it possible that they didn't follow watergate? they don't know all of the president's men? they don't know the history? is it possible they are ignorant of the greatness of this man that defined journalism? is it possible? >> a guy that keeps breaking stories. broke stories first in afghanistan. breaking stories as we move forward. listen, let's get to the bottom line here. they caught the white house in the lie. at the end of the day, they are kicking back. it's stupid. i'll say it. this is stupid. they got caught in a lie and instead of saying we screwed up, they are tryi...

Year and so this isn't the last step in the process of this debate. i think we're going to have a number of opportunities over the course of the next several months to talk about spending and debt but we ought to talk about it in how can we reform and restructure entitlement programs. ten years from now entitlement spending and interest on the debt will represent 91% of all federal spending if we don't do something about it. >> senator, you mentioned earlier -- >> this is josh green with bloomberg. he comes with billions of dollars. go ahead. >> you mentioned earlier the imperative of economic...

Budget machine. there's a front page story in "the new york times" where both sides are starting to say maybe this won't be so bad after all. what is it the republican conference's position on the sequester today? >> well, two things, joe. one, we need to honor the commitment that we made and not shut it off. not do away with the sequester. secondly, we shouldn't allow it to be replaced with a tax increase. the president got his tax increase in january and so the republican position on this really is that we should make this a lot less painful than what the president is advertising it will be ...