Page 5 - Sequester Cut News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> well, some of the sounds today, you saw louisiana senator mary landrieu on the senate floor, saying that the federal government is trimming back. take a look at what the debt added in the last year, and the nation, roughly $38,000 a second. we told you that is added to the national debt in last year. $38,000 a second. michael ramirez has a cartoon, a cartoonist that looks back and take a good long look at this. if you like pie charts this is an actual pie chart of the 2007 federal budget against the 2013 federal budget. you can see the 2013 budget, 40% larger. $38 trillion in spending, vers...

But the president will talk in about 90 minutes from now. what does he say? what does he do? if anything at this late hour? >> well the president wants to make the case that we need to avoid the sequester cuts at all costs. this is the first, of what i expect to be a series of these kind of presentations where the president comes out and points to areas in which the average american citizen will feel the impact of sequester cuts. today he is focusing on first-responders. but we have to understand, this is a dramatic change for the president of the united states who back in november of 2011 thr...

One program is food stamps. well-intentioned, it has grown dramatically up 3% since president obama took office. it is exempt from the sequester cut that are part of the fiscal cliff. tonight, correspondent shannon bream on the expensive history of a costly benefit. >> the the precursor to today's food stamp program, substantial nutrition assistance program or snap is rooted in the late 1930s and early '40s when the federal officials look to solve two problems at once to make sure urban families in need could attain the surplus that the rural farmers need to unload. it ended when the imbalance...

Across the board way or just ignoring it which is what we think the white house is doing. they're not preparing for the sequester, it will happen, and we think we should be honest and show how we will prioritize spending cuts instead of letting this sequester cut across the board. that's what we're doing right now. martha: so the president was speaking about this in ohio yesterday and, of course, all of this gets intertwined with election year politics as well. so let's listen, he says, you know, basically, we tried it the republican way, and it didn't work. here's what he said. >> instead of ...

Help create demand. he is a keynesian. he has probably said to himself, i don't believe in cutting debt. in the current situation of recovery. i don't think republicans want to do it either. so why am i pretending anymore that i believe in debt reduction and i believe that they might go along with it. so ending the pretense, along with what joy said and i said before, it looks like he is now saying okay, you know what? i'm a progressive. and i basically think we could use a little more stimulus. we're going to get through a little more spending. and by the way, i'm not touching social security...