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to work, taking a shared responsibility approach to our long-term deficits so we bring them down in a balanced smart way and they rejected the idea that we're going to move the economy forward by giving windfall tax cuts to the very wealthiest in the country and the benefits of that would trickle down and lift everybody up. they rejected that lopsided approach that balance the budgets on the backs of everybody but the folks at the very top. balance the budget on the backs of our kids' education by slashing important investments. in that category of spending we make these important investments for our country and our future, they double the cut from the sequester. so those are our investments in our kids' education. those are our investments in science and research to help power our economy. those are our investments to help modernize our infrastructure. they cut transportation by 15% when we have 15% unemployment in the construction industry. so mr. chairman, the american people rejected the kind of uncompromising lopsided approach that we see once again presented here in the hou
policy center, the ryan budget would have managed to actually add $5.7 trillion to the deficit . a close look at the math makes it clear that the ryan budget can't recoup the revenue lost from its tax cuts without imposing large tax increases on the middle class families. the tax policy center was unwilling to speculate on where the lost revenue would come from. in addition to the economic policy institute estimates that e ryan budget would kill 750,000 jobs this year, two million next year and increased gross domestic product by 1.7 percentage points. the priorities of this budget are all wrong. it kills jobs, stifles growth and adds to the deficit. all while making life harder for seniors, women, children and the most vulnerable in our society. the math of the budget just does not add up. simple arithmetic tells you that the only way to pay for mr. ryan's proposed tax cuts for the fortunate few is to eliminate many of the deductions that middle class families count on to pay for housing and health care and to save for their retirement. the ryan tax plan would further burden those who a
. it never balances. never comes close to balancing. it claims that it reduces the deficit over 10 years by $1.5 trillion. that is not correct. [ male announcer ] in blind taste tests, even ragu users chose prego. prego?! but i've been buying ragu for years. [ thinking ] i wonderhat other questionable choices i've made? [ club scene music ] [ sigh of relief ] [ male announcer ] choose taste. choose prego. bill: there's a top republican senator now demanding answers from the fbi director after not being briefed on their benghazi investigation for the last six months. four americans died in the assault on the u.s. consulate including our ambassador chris stevens. senator susan collins says she wants some simple questions answered. quote, are any of the suspects believed to be responsible for the deaths of these four americans including ambassador stevens in u.s. or libyan custody? how many suspects in the attacks are still at large? a few other questions after that. virginia republican congressman frank wolf has been fighting for answers in benghazi. he is our guest now. sir, good morning,
ryan's balanced budget for 2014. all democrats and 10 republicans voting no. it would cut the deficit by $4.5 million. the plan will likely never become law because of opposition. >>> politicians are scrambling to restructure the most troubled bank. people are rushing to get cash from atms and the bank put a cap on daily withdrawals. they have given them till monday to raise the money they need to secure a bill out and if they don't have the money by the deadline the european central bank will cut off its emergency support which would throw them into financial chaos. the turmoil had an effect on wall street today. the dow is down 90 to 14,421. the nasdaq is down 31 at 3,222. the s&p is down 12 to 1,545. unexpected weak sales resulted from oracle also factored in. >>> the prime minister of australia apologized to unwed mothers. >> she spoke before hundreds of people, many who were in tears. she pledged $5 million to help reunite mothers with children taken from them decades ago. it was thought to be in the best interest of the children. >>> a group is coming out in support of gay marri
accrued in 2001. when we think about debt and deficits, there are two kinds of deficits. those are those that invest in human capital or infrastructure or invest in education and there are those who do not. which endanger our future by adding to the national debt, and this war deficit was the second kind. my third point that i am passionate about, a lot it's difficult for many people to be passionate about accounting. i'm passionate about the lack of war accounting. one of the purposes of our book, and the several book chapters that we have written since then is to argue that bad accounting matters. the u.s. owes nearly a trillion dollars in what business would call deferred compensation to the men and women who fought the war, but this liability doesn't appear anywhere on the national balance sheet. we did not account for the value of the 6,6057 lives lost in afghanistan. that's just the troops, not civilians or contractors. except for a small amount of life insurance money even though civilian government agencies estimate the value of life at $1.7 million. so epa would value each one o
again, not surprising, the parties split over taxes, spending cuts, and the deficit. house republicans and democrats from the house are now trying to make their case. >> the republican budget, the same baby with a new dip somewhere there is diaper will have be changed once again. reality is, this budget is very little difference between this budget and the ryan republican budgets of the past. >> you want more tax and spend or you want a future that balances. the question is always why, one or the other. the democrats' tax and spend, you get the same economy that you've had right now. you're going to lose more of your paycheck which every person working today has. >> all right. so another thing happening at the white house here. the easter egg roll might be spared from this government gridlock. all this started when ticket holders to the annual event were told it could be cancelled if lawmakers cannot agree on a plan to prevent the government from shutting down. this year's easter egg roll set for april 1st. looks like it's going forward as planned. we know it's a fun event. a lot of pe
.6 trillion annual budget, he can manage a $16 trillion deficit, but somehow he can't figure out how to keep tours open for the american people? he can't even figure that out? how is he supposed to figure out all those other heady things bob is talking about the real serious decisions which he can't control that he does control which is the white house. bill: talk about the job loss. that eventually will come. bob, if you were working in the white house would you have closed off the tours? i mean is that the decision you would have reached for? >> i would have canceled toilet paper order first. the reality is, but, look, you know, when brad talks about this, there are now boats in newport news, virginia, in for retrofitting have been stopped, the work on them. there are airports that are in fact airports closed down, small ones around the country. there have been furloughs done at the border. there are a lot of things going on here that should not be looked at. bill: it will not look good if you have 35,000,000 members of congress and their family members on the south lawn -- >> i'm not argu
project 1 billion dollar deficit next year. the closures will save chicago $560 million the next decade. >> whether you do this, mike, in chamucla, florida, or chicago, illinois, this is always excruciating tough for parents and kids, but you got to do it if you're going to keep the budget. >> you have to do it to same some semblance of sanity for a big city like that but you get into where are the displaced kids going to go to schools when the schools are closed? are they going to be bussed? most parents would like their kids to go to a neighborhood school and what happens then? that a huge burden for the mayor now. >> totally. sequestration is complicating it even more. we just did a report that head start across the country is facing these exact challenges and cutting school days and not accepting kids and randomly dropping kids from the program and a disadvantage for kids in that economic status. >> you look at the regional and local papers across the country you see endless stories like this. you look at the national programs and turn on the tv news and where is the white house tou
is it doesn't really look like a whole lot. surely not enough to fill our deficit at this point but it is going to bring back the cooler temperatures in the overnight hours with the cloud cover. we will actually see our 0 overnight lows and our morning temperatures come up. low 40s in the forecast tuesday, wednesday, thursday. unsettled weather wednesday and thursday with a bigger storm moving in for the weekend. this second system, or third system i guess we could call it, could bring us scattered showers for saturday and sunday. >>> on tuesday night the sacramento city counsel will consider throwing up a last- second shot to keep the kings from leaving town. the city has struck a daily to build a new $448 million downtown arena, and it would be the largest redevelopment project in sacramento history with up to a million and a half square feet of offices housing shops and a hotel. the city would pay $258 million with most of the money coming from the sale of bonds supported by parking revenues. >> that's part of revitalizing our downtown. that's part of completing the rest of k
the deficit while 38% said, spending should be increased to boost job creation. tracy: hmmm. how about that? all right, joining us with more on this bill passed today that peter barnes was just referencing too and americans feeling on the economy, congressman marsha blackburn. thanks for being with us today. start with the continuing resolution. here we go again, kicking the can down the road, buying some time. we'll be back to square one in a couple months. then what? >> i'll tell you at least what we have is a continuing resolution that recognizes the reductions that were made, the spending reductions that were made through sequestration. so that is, that's a good, a good solid step. with the budget, we have passed ours in the house. it will be the first time in several years for the senate to actually pass a budget. i guess they want their paychecks next month. and then, you know, tracy, let's see what comes forward as we try to working is out. they continue to say balanced approach but i'll tell you, i think the american people, there in your fox poll are exactly right. you have to get

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