Compromise. The American People are strong and their resilience. They have fought to recover from the worst economic crisis since the great depression. We will get through this as well. Even with these cuts in place, folks will work hard to make sure that we keep the recovery going. Washington sure is not making it easy. A time when the businesses have finally gotten to get some traction, bringing jobs back to america, which should be making a series we should not be making a series of arbitrary cuts on things that workers depend on like education, research, infrastructure, and the defense. What is important to understand is that not everyone will feel the pain of these cuts right away. The pain will be real. Beginning this week, many middleclass families will have their lives disrupted in significant ways. Businesses that work with military, they have to lay folks off. Communities on a military basis. Border patrol agents, fbi agents, civilians that work in the pentagon will suffer a
It is about doing Work Together. There are plenty of people that you work with and you dont like. Thats what we need to do in this congress. Speaker boehner and the republicans who control me to say it is not time for a weekend break. It is backed that get us back into the session. Host that was the last call. What happens once Congress Comes back into session . Guest i am looking forward to hearing about the results of the meeting at the white house today. In my own office, we are facing as well cuts in our legislative branch. I am meeting with my stamp staff today to go over reductions in pay and possible furloughs. We are under sequester as well. Host Donna Edwards. She serves maryland. Thank you for your time. We will hear from randy forbes next. Again, with been talking to reporters across the United States to learn how their states will be affected. Mike from a public location joins us. When it comes to military guest i am sitting here in hampton roads. It is a dark and overcast
Carter, who is our deputy secretary and plays a significant leadership role on this particular issue as well as others. It is a benefit to our country and it is a benefit to this institution, especially in a difficult time like this. I would not say anything more. A couple questions. Can you flesh out what Practical Impact the pentagon and its forces will see during sequestration versus three or four must from now. Over the next 8 weeks, what will we see . Let me start with the army. You will see the army beginning to curtail training at the National Training center. If we go to the air force, you will see the air force beginning to curb flying hours. That means the Nuclear Capable air force, that part of the air force participating in operations in afghanistan we will protect them. That means the cuts costs by sequestration and the continuing resolution will fall more heavily on other parts of the combat air force. They will need to cease training, which mean they means they will not
[inaudible conversations] president Abraham Lincoln once said, the best way to predict your future is to create it. In 2009 we didnt like the future we saw for the Healthcare System based on a feeforservice payment model. Doctors and hospitals being paid nor amount of care delivered instead of how well they delivered care to patients. So in the Affordable Care act we created new and better ways to deliver health care. Save taxpayer dollars and improve patient care, medicare and medicaid in partnership with the private sector, are now working to create the road map for future Healthcare Delivery and were here today to make sure theyre on the right track. Theres a clear slowdown in healthcare spending. But we need to do more and do it faster to change the way medicare and medicaid pay for healthcare. How to boost the countrys economy, we learned from economists the number one way to reduce healthcare spending is to end feeforservice. Everyone agree that feeforservice drives volumes, exce
This on your car and therefore, the Auto Companies do it and charge people higher prices for their car, that may have a good benefit cost ratio but it doesnt show up as spending the money. So regulations is a substitute and tax expenditures are a substitute for spending. So you would need to have some complementary legislation or safety valve to prevent that you could tighten if all of a sudden the spending cap started to bind and edging into regulation and tax expenditures. The other is when you look at spending, there is this fundamental fact of arithmetic we cant get around that present discount of taxes has to equal future spending plus the National Debt. The government has to pay its bills now or later. A dollar of borrowing now means the interest tomorrow has to be raised to pay off the interest. So with that in mind, its very, very important that the spending caps be reasonable and bind and there is some mechanism by which we dont, even with reasonable spending caps, start conti