Page 37 - Sequestration Cuts News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Even worse than he has the past week or so? >> getting a bipartisan deal, i mean that's really an interesting question if it ends up making somebody look worse. what's interesting to me about the calculus in all of this, this little bit of political kabuki theater. in some case that's actually what it is. polls are showing that the american people are actually following this debate very closely. it's one that has been warned about for a long time. the automatic sequestration cuts have basically been warned about. we've known about them for almost a year. and when the american people are follow...

Earlier today saying that the real fear is psychological impact. go over the cliff, deal with some of the technical problems of some of the tax issues, but still be left with a lack of confidence on the part of consumers and business and investors and really the threat that they worry about. >> can i make another point. michael is saying from a nonpartisan perspective this kind of threat in the governing process isn't working. and i'm saying from a more ideological perspective, it's bad and irresponsible to take people that make them a bargaining chip. i think the white house should say we tak...

We need to actually get on a treek that reduces spending in washington and doesn't play games. doctor fixes around things of this nature, never come to pass. >> this same house caucus, what's the one thing they passed? >> this support of the sequestration cuts. they are going to end the sequestration cuts which is going nowhere. >> so we can translate, the one thing they passed is revoking already agreed-to m cuts in spending of $500 billion. what have they done? voted to revoke the agreed-to cuts of spending. that's the only thing. >> i'm not sure there's not politics on both sides. what i am...

To go over the cliff. it's going to be an interesting couple of weeks. >> i think fewer people are more representative of the other side. does grover norquist have any clout? >> he has some. can he stop a short-term deal from being done? it's the desire to never cut a dime from the defense or the military budget. i think the question will be -- we will see a deal, will it be another short-term deal that kind of exchanges the stopping of the sequestration cuts of the military spending increases in favor of something like lifting the cap off social security taxes or adding some taxes to the weal...

Based upon the results of the election tonight and maybe tomorrow, as well. but the results of this election we i think will dictate what kind of a one-year fix will do. i don't know of anyone who believes that we don't need to overhaul our tax code. people know that. both candidates thing we need to do that. can you not do that in a lame duck session. you need time, you need hearings and the committees need to do their work and that take as lot of time. we cannot wait on the committee to do all that work without something being done to avoid the cliff. we will avoid the cliff and i think what...