even though the president was said to be working the phones over the weekend. we re not just trying to make calls to read out the names. he s making those calls to see where there might be a coalition for the willing. a caulk us for common expense. the issue is spending. it s out of control there are smarter ways to cut spending than the silly sequester the president demanded. john boehner is not sure the forced spending cuts will actually hurt the economy. incredible buzzer-beating shot decides a new york state high school championship game. new rochelle, down two points when khalil edney hit a 55-footer. this was a chaotic scene at the end of the game. refs waved the shot off. they kept on reviewing it, are viewing it, and look at the clock. like one second left.
around the government continuing to be funded. but there s the issue of those deep spending cuts that kicked in late last week. and the president, according to a top adviser over the weekend, spent the time working the phones, talking to both republicans and democrats, talking to democrats specifically about making progress on entitlement reform. but also trying to sway republicans. take a listen. republicans who realize that, if we have that type of entitlement reform, they d be willing to have tax reform that raises revenues to lower the deficit. the issue here is spending. spendsing is out of control. there are smarter ways to cut spending than the silly sequester the president demanded. so we need to address the long-term spending problems, but we can t cut our way to prosperity. reporter: so republicans still digging in, saying that they don t think there s a need for more revenue, that the president got those tax increases in that fiscal cliff
from the president of the federal reserve and others have estimated this sequester is going to cost our economy 750,000 jobs. i talk to ceos every day who tell me they have job creating projects on hold because of the sequester and its uncertainty. i talked to a major ceo who says he has 20,000 suppliers, small businesses, that will be deeply hurt. and we could go on about all the impact. well, the impact includes what about teachers? arne duncan, the secretary of education, said on face the nation last sunday literally teachers now are getting pink slips, notices they can t come back this fall. and then some fact checking came out to prove that wasn t the case. the washington post on thursday reporting that sequester spin gets ahead of reality. when he was pressed in a white house briefing wednesday to name an example, duncan came up with one school district in west virginia, and he acknowledged whether it s all sequester related, i don t know. as it turns out it isn t. doesn
cut the budget than what he calls this silly sequester the president demanded. he said president obama is kicking the can down the road, kicking it so far, we re running out of road. and that the president didn t seem to have any plan of his own for cutting spending. listen. if he had a plan, why wouldn t senate democrats go ahead and pass it? the house acted twice over the last ten months to replace the sequester. the president got his tax hikes on january 1. if we re going to get rid of loop holes, let s make the tax code fair for all americans. the president is calling on americans to negotiate a compromise. the white house is hoping gop lawmakers will cooperate after they begin to see the effects of the cuts and feel those impacts. in his weekly address, the president blamed the sequester on the gop. it s happening because republicans in congress chose this outcome over closing a single wasteful tax loophole that helps reduce the deficit.
about the long-term entitlement problems? then why haven t senate democrats passed the president s plan? the house has passed a plan twice. over the last 10 months to replace the sequester. senate democrats have done nothing. it s time for them to vote. it s time for us to get back to regular order here in congress. whether the house passes a bill, the senate passes a bill, if we disagree we go to conference to resolve the differences. i made this point at the white house today. it s time for us to do this via regular order. later on this month, the house is going to move its budget. senator reid acknowledged that the senate expects to move their budget later on this month. hopefully out of this process, we can go to conference with the senate and maybe come to some agreement. what goes on in these meetings? you talk about a nice conversation and talk about your relationship being pretty good with the president. it s hard for any of us to believe that given how personal it seems, h