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Former deputy assistant to President George W. Bush Brad Blakeman and New Heights Communications president Christy Setzer give their views on the mass...
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Thank you -- with a mandatory budget cuts just days away and that's another huge story many investors.
Had been betting the house Republicans will just move in and save the defense sector.
And the government money -- pours into defense companies every year but it may not happen that way.
We have Brad Blake -- a former deputy assistant to president George W.
Bush and also -- sets their former Press Secretary to up Al Gore both joining us right now and this is kind of -- thing because you're gonna get some fiscal conservatives who say boy we have to just the Lal.
It -- to -- to happen because we gotta cut back or they just say.
Listen defenses got to be a big part of this is not sacred anymore we have to allow defence cuts because we can't afford to spend as much as we are.
It's a big deal for investors and people to watch us for that reason black bread here in the Republican on the panel what do you think will happen.
I think there will be sequestering and my advice to the -- be careful what you wish for Mr.
President.
You're the commander in chief you have a constitutional obligation.
To protect the armed forces and to lead them yet you leverage them.
Thinking that Republicans were gonna Kate because it was defense spending we're not Medicaid because you want us to increased taxes again we're not increasing taxes you already got a pound of flesh.
In the fiscal -- crisis so now the ball is in your court Mr.
President you wanna offset.
This took -- sequestration of government.
Cuts to defense that -- got to come from somewhere else.
I'd leave that up differ just a -- of defense jobs that are at risk mean look at this because this is interest thing.
You talk about the economy.
And how -- adding jobs every month but -- a 100000 plus military positions on down the list with a civilian positions direct cuts to contractors.
-- and altogether as the graphic showed a moment ago Christie were talking about 900000 plus jobs.
That's the estimate put together by this congressional research.
Services a lot of jobs on the line what -- United.
By the -- that this is -- on John Boehner shoulders but I and I can remember it -- in 2011 when.
The president and congressional leaders initially came up with this idea of the sequester.
-- Boehner said that he got.
98%.
What do you of what he -- -- out of the DL now he's moving the -- personality he's saying is that he's willing to let the sequester go forward.
And that the only acceptable alternative would be widen -- the eliminate the Dow just -- fall in line.
Very quickly with you on that -- go back to Brad -- -- into -- I don't just part -- breast point but if the president didn't want that to happen then why would the White House have pushed for this to be part of it to begin with that they weren't willing to take that risk.
Activity not sure -- understand the Democrats have actually put forward a responsible plan that would.
Avoid the sequester it's one that's made -- -- would have -- but they originally had what I know is originally the sequester idea was pushed forward by the White House and -- Democrats and Republicans who were involved not original negotiations so.
A right I think you'll remember that the whole idea behind the sequester what's proposed cuts that would be.
So very painful that congress would actually have to work together with the idea that.
Americans and the president and the White House actually want congress to work together in order to figure out cuts and investments now about Republicans are saying what.
They don't seem to care that -- right.
It's all right before I don't get -- person I don't know if you go back to -- what our views on.
Whether we should be doing this because people come -- to say -- its Medicare its Medicaid Social Security's defense those of the big four.
That anybody is anywhere close to being kind down the middle on this says it's what you need to do if you're gonna save money.
So shouldn't we be cutting some defense -- is that fair.
Absolutely we should be looking.
Look the president said back in 2008 remember I'm gonna take a scalpel to every.
Item in the budget he didn't take the scalpel he picked up a rubber stamp and rubber stamp a trillion dollars in spending more than we take -- Every department within our government should be looking -- our budget if we -- the president made a choice.
If we do that then Christie that we have to put the other three up as well don't -- -- mean if ressam -- -- pretzels -- we have to cut defense and we have to do and there's a 73 billion in defense.
In the are indeed -- spent their research and development we have to be cutting the others the Medicare the Medicaid Social Security now.
I -- -- that I wanna agree that we -- look across the board I do think that it's pretty clear that we spend more on defense spend most major countries combined.
And that actually just looking at our military spending if you look at our national security running across the doors.
And I -- that's fine but -- got some other things -- if you the president -- in on the and on the other social programs entitlement programs and what have you.
I don't know that that's the case -- I think will need to look at -- across the board where we're actually mean that is a Thanksgiving -- are concerned.
It's -- isn't that Social Security doesn't -- -- the deficit some of the programs that.
Republicans that dislike philosophically.
A -- democratically doesn't -- say -- Medicare -- you know -- Yeah I mean -- -- the fact is that we've been doing nothing but heading for the last couple years we've cut in education and health care we -- cutting programs like.
You know low income heating oil for seeing here is -- it's.
It's really I just gonna have to be more responsible about where our table that the boards across -- Also for investors in terms those defense companies thanks to both of you -- this night.
