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Unidentified Speaker, -
JOURNAL" CONTINUES. . HOST: DOMESTIC
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| 00:00:04 |
Brawner, Greta Wodele - Host
CUTS ON THE TABLE FOR THE FISCAL CLIFF TOPS. ISABEL SAWHILL, SENIOR FELLOW WITH THE BROOKINGS INSTITUTION AND CO-DIRECTOR OF THE CENTER ON CHILDREN AND...
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| 00:00:30 |
Capretta, James C. - Fellow
BETWEEN. NOT A GOOD IDEA. THEY WOULD BE VERY DEEP CUTS. AN 8% CUT ACROSS THE BOARD IS A VERY SIGNIFICANT ONE TIME CUT FOR ANY PROGRAM TO SUSTAIN IN THE...
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| 00:01:17 |
Brawner, Greta Wodele - Host
AGENCIES MANAGE THIS? GUEST: WE HAVE
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| 00:01:21 |
Capretta, James C. - Fellow
MANAGED SEQUESTERS IN THE PAST, BUT NOT OF THIS SIZE. THIS WOULD BE THE BIGGEST ONE OF MY KNOWLEDGE WE HAVE HAD, A ONETIME CUT ACROSS THE BOARD LIKE...
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| 00:01:40 |
Brawner, Greta Wodele - Host
SPENDING CUTS, BUT THEY SHOULD BE WELL THOUGHT OUT? GUEST: >>
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| 00:01:43 |
Capretta, James C. - Fellow
ABSOLUTELY. HOST: IF
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| 00:01:46 |
Brawner, Greta Wodele - Host
SEQUESTRATION HAPPENS, DO YOU THINK IT'S DEVASTATING? GUEST: I PRETTY MUCH
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| 00:01:52 |
Sawhill, Isabel V. - Senior Fellow
AGREE WITH WHAT JIM SAID. IT'S ABOUT AN 8% CUT. THAT'S PRETTY DEEP, SERIOUS STUFF. IT IS DONE IN A BAD WAY ACROSS THE BOARD AND NOT PICKING BETTER PROGRAMS...
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| 00:02:45 |
Brawner, Greta Wodele - Host
SAID THESE ARE MANAGEABLE. THE ECONOMY GOES ON. AGENCIES TO FIGURE THINGS OUT. GUEST: IS IT
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| 00:02:53 |
Sawhill, Isabel V. - Senior Fellow
HALF EMPTY OR HALF FULL? IS THATIT IS NOT LIKE 9/11 OR HURRICANE SANDY OR NUCLEAR WEAPONS IN IRAN. IT IS VERY SERIOUS STUFF. IF THE WORST THING ABOUT...
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| 00:03:44 |
Brawner, Greta Wodele - Host
AT SOME OF THE EXAMPLES OF PROGRAMS THAT WILL GET CUT. THE NATIONAL INSTITUTES OF HEALTH. THE FBI. WHAT DO YOU MAKE OF THOSE NUMBERS? GUEST: THOSE ARE...
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| 00:04:03 |
Sawhill, Isabel V. - Senior Fellow
BIG NUMBERS. ABSOLUTE NUMBERS DON'T MEAN A LOT TO PEOPLE. WHEN WE TALK ABOUT MILLIONS AND BILLIONS AND JIM AND I BOTH SERVES IN -- SERVED IN GOVERNMENT...
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| 00:05:05 |
Brawner, Greta Wodele - Host
SHOULD THERE BE ANY FURTHER CUTS? GUEST:
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| 00:05:08 |
Sawhill, Isabel V. - Senior Fellow
ABSOLUTE. I BELIEVE THAT WE HAVE TO HAVE -- WE HAVE ENORMOUS DEFICITS GOING FORWARD. WHAT WE NEED IS A BALANCE OF SPENDING CUTS AND REVENUE INCREASES....
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| 00:05:44 |
Brawner, Greta Wodele - Host
HOST: STICKING DOMESTIC SPENDING, SHOULD THERE BE ANY MORE CUTS? GUEST: I
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| 00:05:48 |
Sawhill, Isabel V. - Senior Fellow
WOULD NEVER SAY THERE SHOULD NEVER BE ANY MORE CUTS. BUT IF THERE ARE GOING TO BE MORE, THEY SHOULD BE CAREFULLY CHOSEN. THIS ARTICLE WERE PART OF THE...
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| 00:06:20 |
Brawner, Greta Wodele - Host
LET'S STAY WITH DOMESTIC SPENDING CUTS. EDUCATION, WHAT WOULD BE THE IMPACT OF SEQUESTRATION? GUEST: MOST
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| 00:06:29 |
Sawhill, Isabel V. - Senior Fellow
EDUCATION SPENDING IS PAID FOR BY STATE AND LOCAL GOVERNMENTS. BUT THE PART THAT IS PAID FOR BY THE FEDERAL GOVERNMENT WOULD BE CUT VERY HARD. SO THERE...
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| 00:07:06 |
Brawner, Greta Wodele - Host
YOU THINK ACCOUNTS ARE TOO DEEP, BUT WHERE CAN YOU CUT WHEN IT COMES TO EDUCATION -- CUTS ARE TOO DEP? GUEST: I SAID THAT THEY
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| 00:07:18 |
Capretta, James C. - Fellow
ARE INDISCRIMINATE PREPARES A LOT OF ROOM TO CUT THE BUDGET. THERE'S BEEN RELATIVELY MODEST CUTS ALREADY, BUT THAT WAS OFF A VERY HIGH BASE. IT'S BEEN...
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| 00:08:51 |
Brawner, Greta Wodele - Host
SAFETY, HOW COULD THINGS BE CUT? GUEST: PUBLIC SAFETY
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| 00:08:57 |
Capretta, James C. - Fellow
HAS A VERY IMPORTANT ROLE. THE BORDER PATROL AND THE FBI AND THE DEPARTMENT OF JUSTICE AT THE FEDERAL LEVEL. MOST CRIME-FIGHTING IS DONE AT THE STATE...
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| 00:10:01 |
Brawner, Greta Wodele - Host
COBURN HAD A REPORT THE SPONSOR THAT WAS WRITTEN UP IN THE PAPERS LAST WEEK ABOUT HOMELAND SECURITY GRANTS, THAT IT HAS BALLOONED SINCE THE 9/11 ATTACKS....
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| 00:10:18 |
Capretta, James C. - Fellow
I THINK SO. I'M NOT AN EXPERT IN COMMON SECURITY, BUT I AM FAMILIAR WITH IT. I AGREE WITH THE FEDERAL GOVERNMENT STARTS GIVING OUT GRANTS LIKE THIS, THERE'S...
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| 00:10:38 |
Brawner, Greta Wodele - Host
YOUR THOUGHTS? GUEST: NO ONE
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| 00:10:42 |
Sawhill, Isabel V. - Senior Fellow
CAN DISAGREE WITH THE IDEA THAT WE OUGHT TO MAKE SURE THAT THE GOVERNMENT HAS WELL-PERFORMING PROGRAMS. I WOULD GIVE THE CURRENT ADMINISTRATION PRETTY...
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| 00:12:35 |
Brawner, Greta Wodele - Host
TALKING ABOUT DOMESTIC SPENDING CUTS, WHAT COULD BE ON THE TABLE IF SEQUESTRATION HAPPENS. AND THE DEBATE SIDES ARE TRYING TO COME TO A DEAL TO AVOID...
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| 00:13:08 |
CALLER, -
TO AN ILLITERATE INDIVIDUAL LIKE MYSELF WHAT BASELINE BUDGETING IS? AND THEN THE SECOND PART OF MY QUESTION IS HOW CAN WHATEVER% INCREASE IN SPENDING...
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| 00:13:32 |
Capretta, James C. - Fellow
MEANS THE CONGRESSIONAL BUDGET OFFICE AND THE OFFICE OF MANAGEMENT AND BUDGET, THE AGENCY THAT CALCULATE THE BUDGET PROJECTION, THEY DO AN ESTIMATE...
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| 00:14:33 |
Brawner, Greta Wodele - Host
TWITTER -- GUEST: I
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| 00:14:42 |
Capretta, James C. - Fellow
THINK THAT'S NOT TRUE. IF YOU LOOK IN THE HISTORY, BETWEEN 1989 AND 2008, THE DOMESTIC ACCOUNTS OR PERCENTAGE OF OUR TOTAL TTP WITH 3.6% ON AVERAGE FOR...
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| 00:16:13 |
Brawner, Greta Wodele - Host
TWITTER -- GUEST: THERE'S SOME
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| 00:16:20 |
Sawhill, Isabel V. - Senior Fellow
TRUTH TO THAT. AS I SAID BEFORE, THE DRIVERS OF OUR DEFICITS INTO THE FUTURE ARE SOCIAL SECURITY, MEDICARE, MEDICAID. THESE ARE 40% OF THE BUDGET OR...
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| 00:17:13 |
Brawner, Greta Wodele - Host
SAFETY NET PROGRAMS, WHICH MAKE UP 13% OF THE OVERALL BUDGET. THEN THE OTHER PORTION OF THAT PIE IS 7% OF THAT PORTION IS BENEFITS FOR FEDERAL RETIREES...
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| 00:17:46 |
CALLER, -
TWO-PART QUESTION. I WAS WONDERING, I AM GOING TO BE RETIRING IN ANOTHER 12 YEARS. BUT I AM NOT GOING TO HAVE SOCIAL SECURITY UNTIL PROBABLY THE AGE...
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| 00:18:42 |
Sawhill, Isabel V. - Senior Fellow
SEE WHAT YOU ARE TALKING ABOUT HERE THAT IF YOU WERE TO LOSE YOUR JOB, YOU WOULD LOSE YOUR BENEFITS. YOU IN-PERSON EARLY YOUR HEALTH CARE BENEFITS. THAT'S...
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| 00:19:46 |
Brawner, Greta Wodele - Host
TWEET --
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| 00:19:56 |
Capretta, James C. - Fellow
GUEST: WE NEED TO RESTRAIN SPENDING AT THE FEDERAL LEVEL. THERE WAS AN INTERESTING STUDY RECENTLY THAT SHOWED IF YOU LOOK AT THE PRODUCTIVITY OF THE FEDERAL...
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| 00:20:45 |
Brawner, Greta Wodele - Host
WORTH, TEXAS, INDEPENDENT. CALLER: A
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| 00:20:48 |
CALLER, -
COUPLE STATEMENTS. REGARDING THE CONGRESS EXPENDITURES ON THEMSELVES AND THEIR MONEY, MONEY MAGAZINE IN THE 1990'S DID AN ARTICLE ABOUT THAT WE'RE AT...
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| 00:21:46 |
Sawhill, Isabel V. - Senior Fellow
ARE NOT SUCH A BAD IDEA. THE PRIVATE SECTOR USES BONUSES TO GIVE AN INCENTIVE TO PEOPLE TO PERFORM BETTER. YOU DON'T NECESSARILY GET A BONUS AUTOMATICALLY....
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| 00:22:53 |
Brawner, Greta Wodele - Host
NEW MEXICO, A REPUBLICAN. CALLER: THIS IS
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| 00:22:59 |
CALLER, -
ASMITTY. IF ANYBODY WANTS TO KNOW HOW MUCH MONEY WE WASTE, WE RECENTLY HAD A GUY IN THE NORTHWEST THAT WON THE LOTTERY AND TOOK HOME $800,000 CASH AND...
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| 00:24:06 |
Brawner, Greta Wodele - Host
HOST: YOUR RESPONSE? GUEST: I
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| 00:24:09 |
Sawhill, Isabel V. - Senior Fellow
DON'T AGREE WITH ALL OF YOURO FAX OFNECTS. ONE CAN FIND INSTANCES OF FRAUD AND WASTE IN THE GOVERNMENT AS ONE CAN IN ANY TYPE OF ORGANIZATION. SEOUL...
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| 00:25:04 |
Brawner, Greta Wodele - Host
DOUG ON THE DEMOCRATIC LINE IN VIRGINIA. CALLER:
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| 00:25:08 |
CALLER, -
I APPRECIATE YOU TAKING MY CALL. I DON'T SEE WHY THE HIGHWAY DEPARTMENT CANNOT ADD A FEW MORE CENTS TAX TO THE COST OF FUEL AND MAKE JOBS WITH THAT....
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| 00:25:29 |
Capretta, James C. - Fellow
GUEST: THERE HAVE BEEN PROPOSALS OVER THE YEARS TO RAISE THE GAS TAX, WHICH I THINK IS WHAT HE'S TALKING ABOUT. TO PAY FOR THE HIGHWAY PROGRAM, WHICH...
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| 00:26:21 |
Brawner, Greta Wodele - Host
OUR VIEWERS WHAT THEY ADMINISTRATION AND THEN WHAT THE REPUBLICANS ARE PROPOSING IN ORDER TO AVOID SEQUESTRATION, THESE AUTOMATIC SPENDING CUTS ON THE...
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| 00:26:44 |
Capretta, James C. - Fellow
THE SEQUESTER SO WE CAN HAVE CONGRESS WORK ON A MULTI-YEAR BUDGET. HOW THAT IS DONE IS A LARGER DEBATE. BUT THE BIG ISSUE IN THE FEDERAL BUDGET IS ENTITLEMENTS...
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| 00:27:28 |
Brawner, Greta Wodele - Host
WHAT ABOUT ADDING NEW STIMULUS MONEY? GUEST: I DON'T
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| 00:27:31 |
Capretta, James C. - Fellow
THINK THE PREVIOUS STIMULUS WAS WELL DONE. I THINK IT WAS TOO HAVE THE ON GOVERNMENT SPENDING AND NOT ENOUGH ON REDUCING THE TAX TAKE OF THE FEDERAL GOVERNMENT,...
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| 00:28:13 |
Brawner, Greta Wodele - Host
YOUR TAKE? GUEST: A ONE-YEAR DEFERRAL
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| 00:28:19 |
Sawhill, Isabel V. - Senior Fellow
WOULD BE OK. THE REST OF THE PACKAGE LOOKS GOOD. I THINK ON THE STIMULUS IDEA, THE $50 BILLION YOU MENTIONED, WE STILL HAVE AN UNEMPLOYMENT RATE OF 7.7%,...
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| 00:29:24 |
Brawner, Greta Wodele - Host
THE SPEAKER HAS PUT FORTH A PLAN TO HAVE $300 BILLION IN MANDATORY SAVINGS, $300 BILLION IN DISCRETIONARY SAVINGS. YOU AGREE? GUEST: I THINK
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| 00:29:37 |
Sawhill, Isabel V. - Senior Fellow
THAT THE BIG ISSUE IS THE OVERALL BALANCE OF THE PACKAGE, NOT A SPECIFIC NUMBER FOR ANY ONE PIECE OF IT. IF REPUBLICANS AGREE TO SOMETHING SIMILAR TO...
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| 00:30:12 |
Brawner, Greta Wodele - Host
TABLE. HOST: IN MEDICARE. GUEST:
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| 00:30:16 |
Sawhill, Isabel V. - Senior Fellow
YES, BUT I THINK IT'S GOT TO BE A PACKAGE. HOST: WHAT THE YOU THINK OF
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| 00:30:21 |
Brawner, Greta Wodele - Host
THE HOUSE REPUBLICAN PROPOSAL? GUEST: I
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| 00:30:23 |
Capretta, James C. - Fellow
THINK THEY SHOULD BE MORE AGGRESSIVE ON THE ENTITLEMENT REFORM SIDE. PROBABLY BECAUSE OF THE ELECTION, THEY'RE NOT ASKING FOR AS MUCH AS THEY SHOULD....
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| 00:31:44 |
Brawner, Greta Wodele - Host
REPUBLICAN CALLER, REGINA. CALLER: KEEP IN MIND YOU
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| 00:31:51 |
CALLER, -
ARE STEALING FROM SOCIAL SECURITY, WHICH MEANS PEOPLE CANNOT TAKE MONEY OUT OF THE BANK AND EXPECT TO GET COMPENSATED AT A LATER DATE. SO IT'S A VERY...
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| 00:32:44 |
Brawner, Greta Wodele - Host
ON MANY TIMES. CALLER: HE SAYS THE
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| 00:32:48 |
CALLER, -
EVEN WITH THE SUBSIDIES, PREMIUMS COULD RISE BY ROUGHLY 25%. ALL IT'S DOING IS MAKING PEOPLE GO AWAY FROM STATES WHERE THEY CANNOT AFFORD THESE COSTS....
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| 00:33:07 |
Sawhill, Isabel V. - Senior Fellow
YOUR FIRST POINT WAS ABOUT SOCIAL SECURITY AND THAT WE SHOULD NOT TOUCH IT. HOST: REFERRING
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| 00:33:14 |
Brawner, Greta Wodele - Host
TO THE PAYROLL TAX, TAKING MONEY OUT OF IT. GUEST:
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| 00:33:19 |
Sawhill, Isabel V. - Senior Fellow
I ASSUME WHAT SHE'S TALKING ABOUT IS THERE'S AN EARMARKED TAX CALLED THE PAYROLL TAX THAT FUNDS THE SOCIAL SECURITY AND SHE FEELS THE GOVERNMENT IS USING...
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| 00:34:40 |
Capretta, James C. - Fellow
A DEAD CERTAINTY THAT PREMIUMS WILL GO UP QUITE SUBSTANTIALLY IN THE EXCHANGES. THE REASON IS THE LAW IMPOSED A RATING BAN SYSTEM ON WHAT PREMIUMS CAN...
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| 00:35:25 |
Brawner, Greta Wodele - Host
MOUNT PLEASANT, SOUTH CAROLINA, INDEPENDENT. -- LARRY. CALLER:
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| 00:35:31 |
CALLER, -
GOOD MORNING. MY OPINION IS THIS. I DON'T KNOW WHY THE REPUBLICANS WANTED PIPICK OUT THESE ENTITLEMENT PROGRAMS. I DON'T THINK THAT'S THE PROBLEM. YOU...
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| 00:36:50 |
Capretta, James C. - Fellow
WITH THE CALLER'S POINT OF VIEW ON THE ENTITLEMENT PROGRAMS. IN 1972 THE FEDERAL GOVERNMENT SPENT ROUGHLY A 4.4% OF GDP ON THE MAJOR ENTITLEMENT PROGRAMS....
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| 00:37:49 |
Brawner, Greta Wodele - Host
SWEETWATER, TEXAS, REPUBLICAN CALLER. CALLER: I KEEP
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| 00:37:56 |
CALLER, -
HEARING THAT WE ARE GOING OFF THE FISCAL CLIFF. AS A 65-YEAR-OLD PROUD TEXAN, I DON'T UNDERSTAND WHY THEY WANT TO CUT PROGRAMS FROM US WHEN THEY ARE...
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| 00:38:43 |
Brawner, Greta Wodele - Host
THAT'S THE TYPE OF CALL TO GET A LOT HERE. HOST: PEOPLE CONCERNED
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| 00:38:49 |
Brawner, Greta Wodele - Host
ABOUT CUTTING THEIR SALARIES. GUEST: WE DO
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| 00:38:53 |
Sawhill, Isabel V. - Senior Fellow
HEAR THIS QUESTION A LOT. WHAT YOU DO NEED TO UNDERSTAND IS THAT THE AMOUNT OF MONEY THAT WE SPENT ON FOREIGN AID IS TINY. WE CAN ELIMINATE IT ENTIRELY...
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| 00:39:35 |
Brawner, Greta Wodele - Host
STEVE IN MASSACHUSETTS, DEMOCRATIC CALLER. CALLER: THE HOME
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| 00:39:40 |
CALLER, -
AND THAT WAS JUST TALKING, I DISAGREE WITH HER AS FAR AS A DROP IN THE BUCKET, WHEN YOU LOOK AT CURBING GOVERNMENT PAY. WHEN YOU GUYS TALK ABOUT THE AREAS...
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| 00:40:40 |
Brawner, Greta Wodele - Host
A RESPONSE, BECAUSE WE'RE RUNNING OUT OF TIME. GUEST: ONCE AGAIN,
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| 00:40:46 |
Sawhill, Isabel V. - Senior Fellow
I CANNOT EMPHASIZE ENOUGH THAT I AM VERY MUCH IN FAVOR OF ELIMINATING FRAUD AND WASTE AND INEFFICIENCY. IT IS HARD TO DO. I DON'T AGREE WITH YOU THAT...
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| 00:42:06 |
Capretta, James C. - Fellow
GUEST: THE FEDERAL GOVERNMENT HAS TRIED TO ROLL UP WASTE AND FRAUD, BUT WHEN TAXPAYER MONEY IS INVOLVED IT IS DIFFERENT THAN A PRIVATE ENTERPRISE. THE...
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| 00:43:02 |
Brawner, Greta Wodele - Host
WESLEY CHAPEL FLORIDA, REPUBLICAN CALLER. YOU WILL HAVE TO MAKE A QUICK.
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| 00:43:07 |
CALLER, -
CALLER: HI. OK, FIRST, I THINK IT WOULD BE -- CAN YOU HEAR ME? FIRST, IT WOULD BE A GREAT SERVICE TO THE EARLY PEOPLE IF THEY WOULD STOP CALLING SOCIAL...
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| 00:43:48 |
Brawner, Greta Wodele - Host
ARE YOU TALKING ABOUT? CALLER: I AM
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| 00:43:51 |
CALLER, -
SORRY, WHAT DID YOU SAY? HOST:
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| 00:43:54 |
Brawner, Greta Wodele - Host
WHAT SPECIFICALLY ARE YOU TALKING ABOUT, NO MEANS? CALLER: I GUESS I
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| 00:43:59 |
CALLER, -
SHOULD ADDRESS THE $58 BILLION WE PAY A YEAR FOR FOREIGN AID. THAT WE PAY OUT EACH YEAR, TO SECURE OUR PROTECTION SO OUR CITIZENS THERE, OUR EMBASSIES...
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| 00:44:22 |
Brawner, Greta Wodele - Host
IF YOU COULD ADJUST -- YOU ADDRESS THEM. IF I TURN TO JIM -- BE AGREED, IS IT A DROP IN THE BUBBLE -- BUT IT, 40? GUEST: THERE IS
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| 00:44:34 |
Capretta, James C. - Fellow
A MISPERCEPTION, THE SIZE. IT IS BILLIONS OF DOLLARS BUT THE SIZE OF A $3 TRILLION BUDGET IS VERY SMALL. MOREOVER, I AM OF THE VIEW -- I AM NOT AN EXPERT...
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| 00:45:04 |
Brawner, Greta Wodele - Host
WE HAVE TO LEAVE IT THERE. THANK YOU VERY MUCH FOR BOTH OF BEING PART OF THIS DISCUSSION. WE ARE ALL OUT OF TIME HERE. THERE IS A SENATE COMMITTEE THAT...
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.