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Be true yes or no, playing for a majority in the house? >> yes i do. one of the key things to me is sequestration. the way that he played it which was, game of chicken. let me try to force the republicans right up to the end to sort of the unilaterally capitulate and give me taxes. he was never very clear what taxes. never laid out a plan saying vote for my plan. i want the republicans admit that we need to raise taxes. it didn't work. and his job approval ratings plummeted. but the other thing is, the republicans said, mr. president you keep painting this dire picture how the sequestration cu...

The fiscalicy in order and his popularity would be sky high. >> and the federal revenue, 2.7 trillion dollars, the highest ever federal revenue and why are we in such tough shape. and the building debts that we've had and the debt service, but what happened? >> here is the reason why, you're right we're going to have 2.7 trillion dollars in revenue burr our outlays are 3.553, this is cbo yesterday. >> we don't try to cut back at all. >> that's after sequestration. >> greta: that's after the sequestration. >> after the sequestration cuts and assuming you get credit for all of those in this year...

The fiscal policy in order and his popularity would be sky high. >> and the federal revenue, 2.7 trillion dollars, the highest ever federal revenue and why are we in such tough shape. and the building debts that we've had and the debt service, but what happened? >> here is the reason why, you're right we're going to have 2.7 trillion dollars in revenue burr our outlays are 3.553, this is cbo yesterday. >> we don't try to cut back at all. >> that's after sequestration. >> greta: that's after the sequestration. >> after the sequestration cuts and assuming you get credit for all of those in this ...

Those are the people over at s&p and fitch and moodies who are very willing to downgrade america's credit if we don't get our act together and i'm concern about that going into the end of march. >> neil: there was a story that the rating agencies held back when the sequestration cuts went through because to hear some of these reports, they figured some cuts were better than no cuts, even clumsy cuts better than no cuts. awkward sloppy cuts better than no cuts. so in a way sequestration kind of saved the day. >> well, i tell you, you could argue that it did to some extent. let me tell you, i th...

Wednesday. take a look at this. a new shift. we could be looking at another shift as we head into thursday and friday. >> a lot of late season snow here. may end up getting in what we talked about. that lead us to our next topic. first cabinet meeting of the second term to sound the alarm about sequestration cuts. steve centanni is live in washington with more. >> that will happen at the end of the month if they don't reach an agreement. he will do all he can to minimize the effect of the sequester. it was a major topic on yesterday's agenda. we will be spending time talking about the potentia...