Page 46 - The Automatic News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Vacation. >> chris: it is the turkey talking. >> washington is the big loser in all of this. people just are absolutely frustrated and think that the super committee, the congress, the president, they can't do anything. it is mucked up. >> chris: thank you for saying it that way. bill, let me ask you about a different aspect which maybe favors the republicans over the democrats and that is the automatic trigger. if they don't do anything about the 1.2 trillion in deficit reduction by a year from now, the end of december 2012, the automatic trigger kicks. $600 trillion in cuts to the pentagon s...

Before they could get into office if they were to win the white house, that number is a mistake. what they're going to to try to do, bring the democrats along and say do you want the defense cuts and leon panetta says, no, the president is threatening to veto that. go ahead and do that, let's have a debate about the need to fund our military. >> will those cuts ever happen, dan. >> with strong presidential leadership, they will. i'm very much for this sequester and really, we've supported it in the past and it's the only way that washington is going to cut that budget. >> look ma, no hands, no...

Vacation. >> chris: it is the turkey talking. >> washington is the big loser in all of this. people just are absolutely frustrated and think that the super committee, the congress, the president, they can't do anything. it is mucked up. >> chris: thank you for saying it that way. bill, let me ask you about a different aspect which maybe favors the republicans over the democrats and that is the automatic trigger. if they don't do anything about the 1.2 trillion in deficit reduction by a year from now, the end of december 2012, the automatic trigger kicks. $600 trillion in cuts to the pentagon s...

Before they could get into office if they were to win the white house, that number is a mistake. what they're going to to try to do, bring the democrats along and say do you want the defense cuts and leon panetta says, no, the president is threatening to veto that. go ahead and do that, let's have a debate about the need to fund our military. >> will those cuts ever happen, dan. >> with strong presidential leadership, they will. i'm very much for this sequester and really, we've supported it in the past and it's the only way that washington is going to cut that budget. >> look ma, no hands, no...

Heavily on pentagon spending, federal contractors and other key players anticipating the coming splash to pentagon spending, roughly $600 million will pull back on their own spending early. that will mean accelerated layoffs and budget strains. it will also likely mean a more possible till environment for politicians seeking re-election. >> they are going to get stopped at the supermarket, and stopped at the gas station, and people are going to recognize them and put a bug in their ear about doing something. i think that they may well return to washington with the notion that they've got to do...