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MSNBC NOW With Alex Wagner February 20, 2013

Pentagons plan to furlough 700,000 civilian employees, who, beginning in april, will be required to take one day off per week. In essence, a 20 pay cut. As for the current political geist, this seems to be more about political positioning rather than prevention. This afternoon, the president will sit down with local tv anchors to explain the adverse effects of the coming cuts. Meanwhile, Speaker John Boehner is out with an oped in todays wall street journal entitled the president is reigning against a budget crisis he created. The same budget crisis Speaker Boehner and 173 of his House Republicans voted for back in 2011. As a reminder, this is how he described the deal at the time. You know, i got 98 of what i wanted. Im pretty happy. What is making Speaker B ....

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MSNBCW NOW With Alex Wagner February 20, 2013

Joining me today, deputy new york city mayor howard wolfson, the queen bee of thegrio. Com, joy reid. The intrepid Maggie Haberman of politico and msnbc contributor and senior fellow at the center of budget and policy priorities, jared bernstein. While president obama continues to warn of the damaging effects of the sequester and republicans lob insults from the sidelines, youd never know anything was wrong from the market. Damn the sequester screams one headline. The dow closed up another 50 points yesterday to settle above 14,000 while the s p reached a fiveyear high. There are danger signs ahead. Earlier this month, the cbo warned the sequester will have Economic Growth in 2013 and result in 750,000 lost jobs, but the collective eye roll of the market have been mirrored in the empty hallways of the capitol as lawmakers continue to enjoy a weeklong break. Complacency is f ....

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