policy front and they have successes and all the while effectively get people signed up for the plan and fix some of the glitches, maybe? i was a cynic earlier in the week and i said wow, what an interesting week. a senate because the president has low approval ratings? i m just saying it was interesting timing. all of a sudden the discussion was there. there is this culture of extensions. you extend the dead lines on obama care. the budget deal is all about kicking the can down the road. we are pushing everything further down the road so there is nothing getting done. while you are pushing the can down the road, sequestration cut into a lot of things. it s going to be more cutting. sam, right now you have 535
shutdown, however brief, every hit, no matter how mall, every sequestration cut, no matter now insignificant, you can make an argument for never cutting spending and you can then understand when nancy pelosi says there s no more room in the cupboard to cut, and you can understand why harry reid goes on national tv to say, americans are for tax hikes, every american. now i begin to understand the method to the madness. they would have us believe we can just keep raising the limit on the credit card and never have any repercussions. guess what in when you raise the limit, the payment gets bigger and the modify that comes in goes to those payments. that s what happens in this difference functional economy, where they lead to us believe that the only solution is more and more government spending, which hasn t worked at all, but that is the only solution even to the it means more and more of our tax dollars are going to pay interest on our debt service.
equipment investment disappear over the last two years, even the housing market, the bright spot of the recovery, has been coming off for the last several months. now, several mocks into the slow down, they want us to believe a two-week shutdown because a difference functional washington is going to disrupt the consumer christmas season? it s already been disrupted by bad behavior on the fiscal side, and if you don t believe me, ask the federal reserve word, they re printing $85 billion a month. it s english. they wouldn t be doing that if they didn t think the economy stinks. just look at basic math on the numbers. a multitrillion dollar economy, talking about something that is rounding and rounding when you talk about the government disruption, to say nothing of the sequestration cut that both sides agreed to because there was a backup for supposedly a budget backbone, and yet in the scheme of things, those 50
also the sequestration cut a million out of the fema program, food banks, and homeless prevention around the country. here in new york city, two-thirds of the soup kitchens and food pantries in new york city already have to ration food. welcome back. this week, we ve brought you reports how the arbitrary across the board spending cuts are hurting the poor and vulnerable. there was joe by the way you just saw there from the new york city coalition against hunger. before that, we told you about cuts in meals on wheels. tonight, we re talking about reports all week, we re calling it the unkindest cut. we asked for your input and now, we want to share your responses, how the sequester is affecting
committee chair darrell issa is slamming president obama. according to a new oversight report the president has ignored thousands and thousands of recommendations from his own watch dogs saving federal agencies 67 billion dollars a year, that would cover almost 80% of the sequestration cut. and congressman issa joins us, nice to see you, sir. thanks for having me on. and thanks for covering this growing problem. greta: growing? i ll say it s exploding. it s growing, but put it into perspective, about 26 billion dollars under bush at a similar time and henry waxman, chairman waxman did. this is not the only administration not to listen to their ig s and to lose opportunities to save vasts amounts of money, but it s growing. greta: let s explain to the