So Sequester Isn T News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Myth of american decline and the rise of a new economy." good to have you both here. >> hello. >> i want to start with the big picture. we'll get to what people are feeling on the ground. but the "wall street journal" today, front page. what sequester? washington booms as a new guilded age takes root. are we really about to go into an iceberg or is everything just fine? >> it's guilded. the use of that word alone should really make you question what's going on here. the truth of the matter is this is definitely a recovery for the rich. let's just look at the housing market flat out. let's take...

Sequester. that's only a few of the examples of people really feeling the very real impact of the sequester. and more importantly, this really is only the tip of the sequester iceberg. because the cuts of 2013 will have nothing on 2014. the sequester damage is allowed to continue, it will cut $92 billion from the 2014 budget and $35 billion in cuts allocated in 2012 will finally go into effect. these are no longer simply automatic indiscriminate cuts. next year when the sequester iceberg shows its true size, congress gets to choose which programs will be cut, including those covered by the kri...

Also joy reed and josh barrow, politics editor at "business insider." joy, i want to start with you. if you are directly impacted by this, if you are a child on an indigenous reservation, you have already been impacted. is it that we just sort of don't care because those are the most poor, most marginalized people or we really don't see the effects of sequester. >> or if you are a senior relying on meals on wheels. normally politics caters to senior citizens but not in that instance. the poor do not have a lobby. there is no money to be made in lobbying for the poor so they're always the first...

That are heavier on domestic programs that hurt the poor more. obviously that's not palatable to democrats. it's not that anybody likes the sequester, it's that everybody likes the sequester better than the alternative plans. >> stay with us, because as we talk about this reality of sequester hitting home, i'm going to talk to someone who is behind the numbers. there are real people being impacted. woman: everyone in the nicu -- all the nurses wanted to watch him when he was there 118 days. everything that you thought was important to you changes in light of having a child that needs you every...

I hope this is trickledown. i hope. but i don't know. >> but you know what the genius -- probably the most genius thing that wall street has done in the last 100 years is create the mutual fund and the 401(k). it allows corporation funds to strip away the pension, which used to be our parents' way of knowing they would retire. >> they privatized. >> exactly. and to psychologically connect middle class americans to wall street. to make people think wall street is up, i'm doing better. >> so how do you thread the needle. you're president of the united states, you've been re-elected but your part...