disregarded by congress it got defeated 97-0 in the united states senate t. wasn t a serious, meaningful attempt to get at this problem. the problem worsened by the day greta: for the life of me, where is he? i mean, i realize there is a log jam on capitol hill and the senate s run by the democrats and the house by the republicans. but there is a log jam, costing all of us money, every single day. where why why do you think he won t come here and talk to me? why isn t he here in washington, pounding the heads of the senate and pounding the heads in the house. a couple of things. i think the president wants to use the threat of defense cuts as leverage to get tax increases. for example, this sequestration transparency act, signed into law by the president on august 7 required him to submit to congress by september 6, a plan for implementation. greta: that didn t happen. it hasn t happened. i think they are trying to run out the clock and get as far
site, to the pentagon, to shanksville, pennsylvania, americans today, paying tribute to the victims of the september 11 terror attacks. we spoke with senator john mccain about his memories of 9/11 and the national security matters our nation still faces. greta: senator, nice to see you, sir. thank you, greta. greta: today, a very solemn day for america and actually for people around the world. where were you on 9/11? right here. right here where we are speaking. i saw it there. and then, of course. signal for us to evacuate the building took place. to this day, we will never know where the plane that crashed in pennsylvania was headed. and then everybody evacuated and we stood for a long time, outside of the capitol here, on the grounds here. and then, fortunately, there was a staffer of mine who had a apartment a couple of blocks away and we went there and spent time there until i could get to my residence.
it. maybe he s not as concerned as the secretary of defense and the uniformed service chiefs are. i don t know. but i know this: that if he called us over in the face of what is going to happen to our nation s security, that i think all of us would be willing to cut some kind of a deal and by the way, there will be a loss of a million jobs, $1 trillion and layoffs that would have to be made that would be huge in magnitude. as i say, loss of a million jobs. greta: the thing that is particularly. bothersome, i think is how the american people have been played on this. because in the event no agreement was met last november and none was even though something could have been done since then, the cuts don t go into effect until after the election in january. that was thereabouts. that was deliberate so 91 no one had to make the hard decisions now, facing the leaghtorrate. that s why the american people are cynical about us. that s why the approval rating
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notch, so can congress strike a deal? and avoid this downgrade? senator john thune is on the budget finance committee. nice to see you. nice to see you, greta. greta: so. moody s says they doll this. this is the latest warning we have gotten. obviously, this is not the first time that we have been warned. this is the most predictable crisis we have ever had. we know exactly how serious the situation is, the debt just crossed the $16 trillion mark. we are facing a fiscal cliff, come the first of next year, less than 4 months from now, at which time, the congressional budget office says if congress doesn t act, it could plunge us into a recession, likely will plunge us into a recession and could have unemployment above 9% before next year. greta: how you can let this happen? last year when the s&p downgraded it, it became more expensive foritous borrow money. each day, it gets worse.