Sequesters Go Into Place News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Ems and firefighters are out there, not federal employees for the most part. >> that's right. >> and those are local workers who like are out there, you know, doing the work first. >> ezra, we know if the sequesters go into place, fema loses $878 million, that's a lot of money although we don't know what's going to happen with the sequester. are you bullish or bearish? >> on the sequester i think we'll go over the cliff but not that long. one quick point on the ryan e-mail, ryan's budget would cut the category that fema is in by 22%, not 40%. when they say don't confuse the budgets that's a wi...

Want cuts to make up for the spending. that's going to be a fight for the fall. >> you also don't know have to know the specifics to see the scenarios that could play out if you cut fema. first you cut federal taxes to accommodate that cut. the states would then have to raise taxes in order to pay for the replacements for what fema used to do. taxation on the average homeowner or individual -- >> cut taxes so the localities have to raise taxes. >> that's right. >> any way the tax is going to go down. the other scenario, say the states try to replicate what fema does, that's extremely inefficie...