Page 7 - Silly Sequester News Today : Breaking News, Live Updates & Top Stories | Vimarsana

From the president of the federal reserve and others have estimated this sequester is going to cost our economy 750,000 jobs. i talk to ceos every day who tell me they have job creating projects on hold because of the sequester and its uncertainty. i talked to a major ceo who says he has 20,000 suppliers, small businesses, that will be deeply hurt. and we could go on about all the impact. >> well, the impact includes -- what about teachers? arne duncan, the secretary of education, said on "face the nation" last sunday literally teachers now are getting pink slips, notices they can't come back ...

>> 174 of your members in the house voted to support it at your urging. you both agreed to do this. >> the president demanded it at the 11th hour in july of 2011. because he didn't want to be inconvenienced by having another vote on the debt limit before his re-election in 2012. and as a result, with the agreement that senator reid, senator mcconnell and myself had that didn't have the sequester, he would not accept. so he demanded that we find a way so he could avoid a second debt limit vote before his re-election. that's where the sequester came from. >> so you say that the house has twice p...

Almost universally supported. they voted it through in the house. they paid for it to some extent withes their constituents in the mid terms. but i think that bringing that idea back is such a nonstarter that i can't imagine a compromise position between the white house, which is saying they want to protect medicare recipients, and vouchers. i don't think that will fly with democrats at all. >> what's striking to me is that these issues are still so hard and that the election didn't seem to solve them completely enough. >> well, that's a statement rather than a question. so i'll just talk abou...

Spending cut was the idea of republicans. but, yes, we put forth the design of how to do that. >> which was the sequester. >> but, david, the right answer is -- >> which was the sequester? >> the right answer is we did all agree to it to force us to compromise on long-term entitlements and revenue reform. >> but that hasn't happened. >> that simpson-bowles called for and others. >> but that hasn't happened? >> and why hasn't it happened, david? >> i think you made your case about that. in the back and forth, you found yourself in a feud with bob woodward of "the washington post" about some of ...

Apologize. he welcomes my advice. i can't really explain it. all i can say, david, is i hope bob and i can put this behind us because i think it takes away the focus. >> were you threatening him in any way? >> of course not. >> mr. sperling, i'll leave it there. i want to clarify one point. in the white house's view, there will not be a government shutdown in several weeks. this fight will extend now to a budget fight in the fall. is that a fair thing to say? >> what is fair is that if republicans stay with their part of the deal, meaning that they put forward a continuing resolution that's re...