Detailed text transcripts for TV channel - FOXNEWS - 20131022:13:57:00
Bitter for the gop to follow because of sledgehammer approach cutting all discretionary programs including defense. on the eve of its taking effect the president slammed plan his own team had crafted. >> these cuts are not smart, they are not fair, they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. >> reporter: today as we all know sequestration is the law of the land. the only budget-cutting mechanism that managed to block congress's access to the all-you-can-eat bar of government spending. >> sequestration is better than sliced bread. it i...