| 00:00:02 |
Unidentified Speaker, -
JOURNAL" CONTINUES. HOST: OUR GUEST IS TOM
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| 00:00:10 |
Orgel, Paul - Host
SHOOP TO TALK WAS MORE ABOUT THE SEQUESTER. THAT IS UP TO THE BEGINNING OF THIS. WHAT IS THE SEQUESTER?
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| 00:00:19 |
Shoop, Tom - Vice President and Editor in Chief
GUEST: IT IS AN ACROSS-THE-BOARD CUT IN FEDERAL AGENCY SPENDING, SO IT GIVES VERY LITTLE FLEXIBILITY FOR AGENCIES. IT SAYS, IT IS A CERTAIN UNDEFINED...
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| 00:00:37 |
Orgel, Paul - Host
HOW WE GOT TO THIS POINT. GUEST: YOU HAVE TO GO
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| 00:00:41 |
Shoop, Tom - Vice President and Editor in Chief
TO THE BUDGET CONTROL ACT OF 2011. IT GAVE CONGRESS UNTIL THE END OF THE YEAR TO CREATE A SUPER COMMITTEE TO TRY TO COME UP WITH AN ADDITIONAL $1.20 TRILLION...
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| 00:01:17 |
Orgel, Paul - Host
TAKE PLACE?
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| 00:01:20 |
Shoop, Tom - Vice President and Editor in Chief
GUEST: THEY ARE CUMULATIVE. IT IS A CERTAIN PERCENTAGE OF WHAT REMAINS OF THE FISCAL YEAR. IT IS NOT LIKE A SHUTDOWN SITUATION WHERE THINGS STOPPED ABRUPTLY....
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| 00:01:39 |
Orgel, Paul - Host
ALREADY COMPLEX ENOUGH. IT GETS MORE COMPLEX AND KNOWING THAT ABOUT A MONTH FROM NOW, THE TEMPORARY FUNDING OF ALL THE GOVERNMENT EXPIRES, AND YOU PUT...
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| 00:01:52 |
Shoop, Tom - Vice President and Editor in Chief
IS ANOTHER HARD DEADLINE. THAT IS THE CONTINUING RESOLUTION THAT IS CURRENTLY FUNDING GOVERNMENT IN THE ABSENCE OF AN OFFICIAL BUDGET FOR AGENCIES. THAT...
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| 00:02:20 |
Orgel, Paul - Host
OUR GUEST IS TOM SHOUP. HE WILL BE WITH US UNTIL ABOUT 9:00 EASTERN TIME TO TAKE YOUR CALLS. IN ADDITION TO OUR REGULAR PHONE NUMBERS, WE HAVE A SEPARATE...
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| 00:02:56 |
Shoop, Tom - Vice President and Editor in Chief
TAKES PLACE OVER AN EXTENDED PERIOD OF TIME. THERE ARE A BUNCH OF DIFFERENT THINGS THAT GET DONE. THEY LOOK AT CONTRACT SPENDING. AGENCIES LOOK AT HIRING...
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| 00:03:41 |
Orgel, Paul - Host
HOPING TO LEARN ABOUT NON-DEFENSE AREAS OF THE GOVERNMENT AS WELL. WHAT SHOULD WE THINK OF AS A NON-DEFENSE AREAS? WHO IS GOING TO GET CUT? GUEST: PRETTY...
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| 00:03:53 |
Shoop, Tom - Vice President and Editor in Chief
EVERYBODY, WITH CERTAIN EXCEPTIONS. THE BIG EXCEPTION IS THE VETERANS AFFAIRS DEPARTMENT, WHICH IS CARVED OUT IN THE LEGISLATION. THEY ARE NOT SUBJECT...
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| 00:04:20 |
Orgel, Paul - Host
AND FIGURES, FROM "THE WALL STREET JOURNAL" -- ANYTHING YOU WANT TO ADD TO THOSE NUMBERS? GUEST: THE ONLY
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| 00:04:44 |
Shoop, Tom - Vice President and Editor in Chief
THING I WOULD ADD IS THAT IT IS NOT CLEAR ENTIRELY WHAT THE EFFECTS WILL BE IN TERMS OF EMPLOYEES. THEY HAVE NOT SAID THINGS SPECIFICALLY. THERE COULD...
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| 00:05:25 |
Orgel, Paul - Host
OF THE OFFICE OF MANAGEMENT AND BUDGET. GUEST: THEY PROVIDE
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| 00:05:29 |
Shoop, Tom - Vice President and Editor in Chief
OVERALL DIRECTION TO AGENCIES AS TO WHAT THEIR BUDGETS ARE, HOW MUCH IS SUBJECT TO SEQUESTER, AND HOW IT WILL GO INTO EFFECT. HOST: LET'S HEAR FROM
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| 00:05:39 |
Orgel, Paul - Host
FRANK, FROM PENNSYLVANIA, A DEMOCRAT. CALLER: GOOD
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| 00:05:43 |
CALLER, -
MORNING. I'M FINDING OUT -- I'M CALLING TO FIND OUT WHY IT IS TAKING SO LONG TO GET THIS THROUGH AND STOP TRYING TO BLOCK THE PRESIDENT. WHEN THE BANKS...
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| 00:06:15 |
Shoop, Tom - Vice President and Editor in Chief
IS A GOOD QUESTION. PART OF THE REASON IS THAT CONGRESS TENDS TO WAIT UNTIL THE LAST MINUTE TO DO THINGS IF THEY CAN. IT IS POSSIBLE WE CAN SEE ACTION...
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| 00:06:57 |
Orgel, Paul - Host
OF STUDENTS THIS MORNING WHO HAD SOME QUESTIONS FOR YOU ABOUT THE SEQUESTER. THE CSPAN BUS IS FINISHING UP A TWO WEEK TOUR THROUGH OHIO AND VIRGINIA....
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| 00:07:57 |
CALLER, -
SEQUESTRATION AFFECT THE MILITARY'S ABILITY IS TO MEET ITS COMMITMENTS AROUND THE WORLD? GUEST: MILITARY
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| 00:08:04 |
Shoop, Tom - Vice President and Editor in Chief
LEADERS HAVE INDICATED THAT THIS WILL HAVE A SUCCESS -- A SUBSTANTIAL IMPACT ON THEIR ABILITY TO CONDUCT OPERATIONS. THE NAVY HAS ALREADY STATED THAT...
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| 00:08:49 |
Orgel, Paul - Host
DOES NOTHING, IS THERE A CHANCE THAT THEY COULD PASS SOMETHING IN THE DEFENSE AREA? GUEST: IT
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| 00:08:56 |
Shoop, Tom - Vice President and Editor in Chief
IS ALWAYS POSSIBLE. THAT IS SOMETHING HOUSE REPUBLICANS HAVE WANTED FOR SOME TIME, TO PUT CUTS ON DOMESTIC SPENDING AND PROTECT THE DEFENSE DEPARTMENT....
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| 00:09:25 |
Orgel, Paul - Host
ARE COMING UP. THEY ARE WITH THE C-SPAN.ORG BUS. A FEDERAL WORKER IS ONLINE. -- ON THE LINE. WHERE DO YOU WORK?
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| 00:09:39 |
CALLER, -
CALLER: AND AIRFORCE BASE. COMPARED TO LAST YEAR, AREN'T WE SPENDING THE SAME AMOUNT OF MONEY AS WE DID LAST YEAR? THIS IS JUST A CUT IN THE RATE OF GROWTH?...
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| 00:09:58 |
Shoop, Tom - Vice President and Editor in Chief
GUEST: THAT IS CORRECT. I AM NOT ENTIRELY CERTAIN WHETHER AT THE END THE DAY THERE IS MORE SPENDING THIS YEAR THAN LAST YEAR, BUT UNDER THE BUDGET CONTROL...
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| 00:10:24 |
Orgel, Paul - Host
BY PHONE, HE IS A STUDENT. CALLER:
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| 00:10:31 |
CALLER, -
HALL SEQUESTRATION AFFECT STUDENTS THAT NEED FINANCIAL AID TO ATTEND COLLEGE IN THE FALL? GUEST:
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| 00:10:37 |
Shoop, Tom - Vice President and Editor in Chief
IT COULD HAVE AN IMPACT ON THE EDUCATION DEPARTMENT. I'M NOT SURE THAT IT WILL MEAN CUTBACKS IN STUDENT LOANS THEMSELVES. IT COULD AFFECT HOUSING. EMPLOYEES...
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| 00:11:01 |
Orgel, Paul - Host
BE IN A POSITION TO HELP OUT? GUEST: IT DEPENDS
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| 00:11:06 |
Shoop, Tom - Vice President and Editor in Chief
ON INDIVIDUAL STATE BUDGET SITUATIONS, WHICH UNTIL RECENTLY, HAVE NOT BEEN GREAT. THEY ARE BEGINNING TO RECOVER FROM THE EFFECTS OF THE RECESSION. A...
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| 00:11:22 |
Orgel, Paul - Host
TO GET FURLOUGHED AT A PARTICULAR AGENCY? CAN YOU EXPLAIN THAT?
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| 00:11:30 |
Shoop, Tom - Vice President and Editor in Chief
GUEST: GENERALLY, IT IS ACROSS THE BOARD. IT IS LITTLE BIT OF UNTRAINED TERRITORY BECAUSE FURLOUGHS HAVE NOT BEEN ATTEMPTED ON THE SCALE IN A LONG TIME....
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| 00:12:11 |
Orgel, Paul - Host
HOW ABOUT BENEFITS FOR FEDERAL EMPLOYES,? GUEST: IN
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| 00:12:22 |
Shoop, Tom - Vice President and Editor in Chief
GENERAL, FEDERAL EMPLOYEE BENEFITS ARE PROTECTED. THERE ARE SOME AREAS THAT COULD BE AFFECTED. IF YOU'RE NOT GETTING PAID, THAT COULD AFFECT ON EMPLOYEES'...
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| 00:12:44 |
Orgel, Paul - Host
JAMES IS ON THE LINE FROM ARIZONA, A REPUBLICAN CALLER.
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| 00:12:49 |
CALLER, -
CALLER: HOW'RE YOU DOING TODAY? THANK YOU FOR TAKING MY CALL. MY QUESTION IS, I HAVE A COUPLE -- ONE OF THEM IS, WE LIVE IN A VERY DANGEROUS WORLD. ALL...
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| 00:14:09 |
Orgel, Paul - Host
THE CUTS.
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| 00:14:12 |
Shoop, Tom - Vice President and Editor in Chief
GUEST: VETERANS BENEFITS ARE PROTECTED UNDER SEQUESTRATION, GOOD NEWS FOR YOU. THEY WOULD NOT BE AFFECTED. AS FOR THE BROADER QUESTION OF MILITARY READINESS...
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| 00:15:01 |
Orgel, Paul - Host
TO THE C-SPAN BOSS. ONE OF THE 1900 OR MORE STUDENTS AT MOUNT VERNON HIGH SCHOOL IN FAIRFAX COUNTY, VIRGINIA. GO AHEAD, MICHELLE. CALLER: HOW
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| 00:15:14 |
CALLER, -
WILL SEQUESTRATION AFFECT FAMILIES WHO RECEIVE FEDERAL ASSISTANCE? GUEST:
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| 00:15:19 |
Shoop, Tom - Vice President and Editor in Chief
MOST FORMS OF FEDERAL ASSISTANCE ARE PROTECTED UNDER SEQUESTRATION. SOCIAL SECURITY IS OK, AND MEDICAID IS FINE. THERE ARE SOME AREAS SUCH AS UNEMPLOYMENT...
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| 00:15:47 |
Orgel, Paul - Host
IN VIRGINIA BEACH, A FEDERAL WORKER. CALLER: I
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| 00:15:52 |
CALLER, -
AM CURIOUS WITH EVERYTHING THAT IS GOING ON, ONE OF MY WORRIES IS BEING ABLE TO SUPPORT MY FAMILY. IF THESE CUTS HAVE AN AFFECT ON THE RECEIVING PAY...
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| 00:16:20 |
Orgel, Paul - Host
HOST: ARE YOU IN THE MILITARY?
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| 00:16:24 |
CALLER, -
CALLER: KNOW, A D.O.T. EMPLOYEE. -- NO, A DOD EMPLOYEE.
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| 00:16:32 |
Shoop, Tom - Vice President and Editor in Chief
GUEST: CIVILIAN EMPLOYEES WILL BE HURT THE MOST. IT MEANS A DIRECT LOSS IN INCOME. UNDER THE LAW, AND LEAD A CANNOT BE CUT. THE RATE OF PAY CANNOT BE...
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| 00:16:58 |
Orgel, Paul - Host
HOST: THERE IS A QUESTION ON TWITTER THAT IS RELATED TO ALL OF THIS. HAS THERE EVER BEEN A SITUATION WHERE A FEDERAL WORKER DID NOT GET BACK PAY IT? HIS...
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| 00:17:12 |
Shoop, Tom - Vice President and Editor in Chief
WELL COULD BE. TRADITIONALLY, IN THESE SITUATIONS WHERE THERE HAS BEEN SHUT DOWN OR A LAPSE IN APPROPRIATIONS, THEN THEY WERE MADE WHOLE AT SOME POINT....
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| 00:17:47 |
Orgel, Paul - Host
FROM NORTH CAROLINA, AN INDEPENDENT SCHOLAR. CALLER: -- AN
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| 00:17:53 |
CALLER, -
INDEPENDENT CALLER. CALLER:
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| 00:17:57 |
CALLER, -
I WANTED TO GIVE SOME INFORMATION, I AM RETIRED VETERAN. WHAT IS HAPPENING MORE IS THAT THERE IS MORE OF THE BLAME GAME , MORE DEMAGOGUERY, MORSE DURING...
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| 00:18:39 |
Shoop, Tom - Vice President and Editor in Chief
THERE IS A SENSE IN WHICH THIS COULD BE MUCH WORSE -- MUCH WORSE THAN IT IS. IT TAKES PLACE OVER AN EXTENDED PERIOD OF TIME. IT IS A CUT FACTORED IN WITH...
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| 00:19:22 |
Orgel, Paul - Host
WILL BE WITH US FOR ABOUT ANOTHER 20 MINUTES. HE IS TALKING TO US ABOUT THE SEQUESTER, THE 85 BILLION ACROSS THE COURT -- THE $85 BILLION ACROSS-THE-BOARD...
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| 00:20:07 |
CALLER, -
A FACT -- HOW WILL SEQUESTRATION DEFECT SCHOOL LUNCH PROGRAMS? GUEST: I'M NOT SURE
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| 00:20:18 |
Shoop, Tom - Vice President and Editor in Chief
THAT SPECIFIC PROGRAM. ON THE WHOLE, ASSISTANCE PROGRAMS ARE SOMEWHAT PROTECTED UNDER SEQUESTER. THERE COULD BE EFFECTED. I AM NOT SURE ABOUT THAT...
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| 00:20:31 |
Orgel, Paul - Host
PATRICIA, A DEMOCRAT FROM PENNSYLVANIA. CALLER: I WOULD LIKE TO
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| 00:20:36 |
CALLER, -
KNOW WITH ALL THE TALK THEY ARE HAVING ABOUT THE CUTS, WHY DO THEY NEVER TALK ABOUT ALL THE MONEY THEY GIVE TO FOREIGN COUNTRIES? WHY CAN THEY NOT CUT...
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| 00:20:58 |
Orgel, Paul - Host
GOT THAT POINT. IS FOREIGN-AID PART OF THE EQUATION? GUEST: YES, IT WOULD
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| 00:21:04 |
Shoop, Tom - Vice President and Editor in Chief
BE SUBJECT TO CUT. IT ALWAYS COMES UP IN DISCUSSIONS ABOUT THE BUDGET. PEOPLE THINK THAT IS AN AREA TO CUT FIRST. IT IS A RELATIVELY SMALL SLICE OF...
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| 00:21:30 |
Orgel, Paul - Host
REPORT CAME OUT LAST MONTH, A STATE-BY- STATE REPORT ABOUT THE FACTS OF SEQUESTRATION. THIS SPEAKS TO ALABAMA, TEACHERS AND SCHOOLS, PUBLIC HEALTH, CHILD...
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| 00:22:03 |
Shoop, Tom - Vice President and Editor in Chief
OWN WEBSTIE. WE HAVE -- WEBSITE. WE HAVE REGULAR REPORTS. THE OFFICE OF MANAGEMENT AND BUDGET HAS SPECIFIC AGENCY BUDGETS. FOR FEDERAL EMPLOYEES, THE...
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| 00:22:33 |
Orgel, Paul - Host
THE STORY IN THE WASHINGTON POST --
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| 00:23:13 |
Shoop, Tom - Vice President and Editor in Chief
GUEST: PRESIDENTIAL APPOINTEES ARE NOT SUBJECT TO FURLOUGHS UNDER ANY CIRCUMSTANCES. I THINK SOME HAVE ALREADY INDICATED THAT IF THEIR AGENCIES HAVE TO...
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| 00:23:41 |
Orgel, Paul - Host
FROM FLORIDA, DENNIS. CALLER: THE QUESTION
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| 00:23:47 |
CALLER, -
ABOUT THE $85 BILLION THAT WE'RE SPENDING, THAT BEING DIFFICULT OF A $1 TRILLION DEFICIT -- WHAT DOES THAT SAY ABOUT OUR CURRENT STATE OF GOVERNMENT?...
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| 00:24:00 |
Orgel, Paul - Host
YOU MEAN, THAT IT IS NOT ENOUGH? CALLER: WHY ARE WE
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| 00:24:05 |
CALLER, -
HAVING SUCH DIFFICULTY OBTAINING SOMETHING LIKE THIS, THE $85 BILLION. IT IS ONLY A BIT OF OUR DEFICIT SPENDING. ARE WE IN THAT TERRIBLE CONDITION? GUEST:...
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| 00:24:23 |
Shoop, Tom - Vice President and Editor in Chief
IS A SCHOOL OF THOUGHT AMONG REPUBLICANS THAT THIS IS NOT THE GLOBAL OF CUT TO TAKE. -- NOT A BIG LOCAL OF A CUT TO TAKE. PART OF THE PROBLEM IS THAT...
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| 00:25:03 |
Orgel, Paul - Host
US, ADELE. GOOD MORNING. CALLER: MY QUESTION IS,
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| 00:25:10 |
CALLER, -
WHAT IS THE EXPECTED EFFECT OF SEQUESTRATION ON THE FINANCIAL MARKET? GUEST: THERE APPEARS TO
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| 00:25:21 |
Shoop, Tom - Vice President and Editor in Chief
BE LESS CONCERN IN THE FINANCIAL MARKETS ABOUT THE POTENTIAL SEQUESTER THEN THERE WAS EITHER ABOUT THE DEBT CEILING BEING BREACHED OR THE POTENTIAL SHUTDOWN...
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| 00:25:59 |
Orgel, Paul - Host
THE FINANCIAL MARKETS RELATIONSHIP BACK HERE IN WASHINGTON, AND SEQUESTRATION AND GOVERNMENT EMPLOYEES? MAYBE THE SEC OR THE TREASURY DEPARTMENT -- ARE...
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| 00:26:12 |
Shoop, Tom - Vice President and Editor in Chief
THESE AGENCIES WILL BE SUBJECT TO THE SEQUESTER AND POTENTIAL FOR LOWS. IT WILL VARY A LITTLE BIT AGENCY BY AGENCY, IN TERMS OF HOW THEY WILL IMPLEMENT...
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| 00:26:44 |
Orgel, Paul - Host
HOST: YOU MENTIONED SOCIAL SECURITY IS NOT IMPACTED? GUEST: SOCIAL
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| 00:26:50 |
Shoop, Tom - Vice President and Editor in Chief
SECURITY EMPLOYEES COULD BE, BUT SOCIAL SECURITY IS NOT. OFFICES MIGHT HAVE TO CUT BACK ON HOURS, BUT BENEFITS THEMSELVES ARE AFFECTED. HOST:
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| 00:27:04 |
Orgel, Paul - Host
WILL CHECK COME OUT ON TIME? GUEST: THAT -- SO SECURITY
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| 00:27:10 |
Shoop, Tom - Vice President and Editor in Chief
HAS A VERY GOOD TRACK RECORD WITH THAT.
|
| 00:27:16 |
CALLER, -
CALLER: GOOD MORNING. I WOULD LIKE TO KNOW WHAT EFFECT THE FURLOUGHS WOULD HAVE ON CALCULATIONS ON RETIREMENT BENEFITS FOR FEDERAL EMPLOYEES. OR EVEN...
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| 00:27:36 |
Orgel, Paul - Host
BIT ON THE STREET GUEST: -- ON THIS. GUEST: HEALTH BENEFITS WOULD
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| 00:27:43 |
Shoop, Tom - Vice President and Editor in Chief
BE PROTECTED. RETIREMENT BENEFITS WOULD NOT BE AFFECTED BY A FURLOUGH, BECAUSE THEY ARE BASED ON AN EMPLOYEE'S OVERALL RATE OF PAY, NOT THE ACTUAL SALARY...
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| 00:28:17 |
Orgel, Paul - Host
HAS BEEN PREPARING STUDENTS FOR PARTICIPATION IN THIS PROGRAM. WE HAVE HEARD FROM SEVERAL STUDENTS AT MOUNT VERNON HIGH SCHOOL. HERE IS KEVIN. CALLER:...
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| 00:28:31 |
CALLER, -
WILL SEQUESTRATION AFFECT PARENTS ON OVERSEAS DEPLOYMENT? GUEST:
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| 00:28:36 |
Shoop, Tom - Vice President and Editor in Chief
IT DEPENDS. GENERALLY, THEY WILL NOT BE AFFECTED. IF YOU ARE A UNIFORMED MILITARY PERSONNEL, THE BUDGET CONTROL ACT GIVE THE PRESIDENT THE AUTHORITY TO...
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| 00:29:06 |
Orgel, Paul - Host
THE PHRASE ACROSS THE BOARD TO DESCRIBE THE CUTS. SOMEBODY WHO DESCRIBED THEMSELVES AS RIGHT-WING RIGHTS IN ON TWITTER -- IS THERE ANYTHING ELSE YOU WANT...
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| 00:29:23 |
Shoop, Tom - Vice President and Editor in Chief
MEDICARE IS NOT PROTECTED. IT TAKES A SMALLER PERCENTAGE OF IT THAN THE REST OF GOVERNMENT, BUT IT IS SUBJECT TO ABOUT 2% CUT. THE OTHER PROGRAMS, CONGRESS...
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| 00:29:57 |
Orgel, Paul - Host
IS A FEDERAL WORKER FROM INDIANA. WHAT IS YOUR QUESTION OR COMMENT? CALLER: THEY ARE TRYING
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| 00:30:05 |
CALLER, -
TO MAKE ALL THE CUTS. THERE ARE HUGE NUMBER OF FEDERAL EMPLOYES READY FOR RETIREMENT. INCENTIVE FOR THE RETIREMENT PROGRAM IS ANTIQUATED. IT IS A VERY...
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| 00:30:37 |
Shoop, Tom - Vice President and Editor in Chief
ARE VOLUNTARY EARLY RETIREMENTS. CERTAIN AGENCIES HAVE TAKEN THIS APPROACH ALREADY. THEY MIGHT OFFER INCENTIVES TO CUT DOWN ON THE OVERALL SIZE OF THE...
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| 00:31:11 |
Orgel, Paul - Host
QUESTION FROM JON MILLER. CALLER: HUBBLE
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| 00:31:17 |
CALLER, -
SEQUESTRATION AFFECT THE SAFETY OF THE FOOD SUPPLY? -- HOW WELL SEQUESTRATION AFFECT THE SAFETY OF THE FOOD SUPPLY? GUEST: FOOD
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| 00:31:25 |
Shoop, Tom - Vice President and Editor in Chief
SAFETY INSPECTORS COULD BE SUBJECT TO FURLOUGHS. IT WILL NOT MEAN THAT THEY WILL BE SHUT DOWN. IT WILL NOT MEAN THAT RIGHT AWAY, ALL FOOD WILL JUST GO...
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| 00:31:47 |
Orgel, Paul - Host
ON THE INDEPENDENT LINE.
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| 00:31:51 |
CALLER, -
CALLER: GOOD MORNING. THANK YOU FOR C-SPAN. MY QUESTION IS THIS -- I HAVE BEEN LOOKING, TRYING TO FIND AS MUCH INFORMATION AS I COULD ABOUT SEQUESTRATION,...
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| 00:33:07 |
Shoop, Tom - Vice President and Editor in Chief
PRESIDENT WOULD SAY -- AND I THINK HE HAS SAID SOME ARE IN THE AREA OF $2.50 TRILLION IN SPENDING CUTS THEY HAVE AGREED TO OVER THE COURSE OF THE NEXT...
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| 00:34:21 |
Orgel, Paul - Host
BROADER VIEW, THE 20,000-FOOT VIEW -- WHAT DOES THIS WHOLE PROCESS ME TO THE FUTURE OF SPENDING CUTS? GUEST: WE HAVE REACHED
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| 00:34:32 |
Shoop, Tom - Vice President and Editor in Chief
A POINT WHERE THE TWO SIDES ARE LOOKING AT SOMETHING THAT WAS SUPPOSED TO BE OFF THE TABLE AS MAY BE SOMETHING THAT COULD THEORETICALLY HAPPEN. AS WE...
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| 00:35:20 |
Orgel, Paul - Host
NEXT STUDENT ON THE LINE, GO AHEAD. CALLER: MY QUESTION
|
| 00:35:24 |
CALLER, -
IS, WILL SEQUESTRATION AFFECT FEDERAL FUNDING FOR TRANSPORTATION, ESPECIALLY ROADS? GUEST:
|
| 00:35:31 |
Shoop, Tom - Vice President and Editor in Chief
YES, TRANSPORTATION FUNDING, I BELIEVE, IT IS AFFECTED, PRETTY MUCH ACROSS THE BOARD. YOU COULD SEE A SITUATION WHERE THAT COULD COME INTO EFFECT. THERE...
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| 00:35:55 |
Orgel, Paul - Host
HOST: "USA TODAY" TALKS ABOUT THAT -- ANYTHING ELSE TO ADD ON THAT?
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| 00:36:11 |
Shoop, Tom - Vice President and Editor in Chief
GUEST: THEY HIGHLIGHTED LAST WEEK THE TRANSPORTATION DEFECTS. THERE ARE A COUPLE OF DIFFERENT WAYS -- AIR-TRAFFIC CONTROL, THE TALK ABOUT CLOSING SOME...
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| 00:36:39 |
Orgel, Paul - Host
THE PRESIDENT HAVE ANY EXECUTIVE POWER TO PREVENT SOMETHING FROM HAPPENING?
|
| 00:36:44 |
Shoop, Tom - Vice President and Editor in Chief
GUEST: BASICALLY KNOW. -- NO. BECAUSE THE LEGISLATION WAS ASSIGNED A SOMETHING -- WAS DESIGNED AS SOMETHING NOBODY WANTED, THERE IS NOT MUCH FLEXIBILITY....
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| 00:37:13 |
Orgel, Paul - Host
RAY ON OUR INDEPENDENT LINE, FROM TENNESSEE. CALLER: I HAVE
|
| 00:37:18 |
CALLER, -
A QUESTION, I WAS CURIOUS ABOUT IT. I HAVE NOT HEARD ANYTHING MENTIONED ABOUT POSSIBLE FURLOUGHING -- WHY DO THEY NOT TO RECLASSIFICATION OF JOBS? IN...
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| 00:38:01 |
Shoop, Tom - Vice President and Editor in Chief
THAT IS THAT UNDER THE LAW, THE EMPLOYES RATE OF PAY CANNOT BE ALTERED UNDER THE SEQUESTRATION. -- THE EMPLOYEES' RATE OF PAY CANNOT BE ALTERED UNDER...
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| 00:38:33 |
Orgel, Paul - Host
STUDENT FROM OVER -- FROM OVER AT MOUNT VERNON HIGH SCHOOL. FRANCISCO? CALLER:
|
| 00:38:42 |
CALLER, -
BECAUSE SEQUESTRATION AFFECTS FEDERAL FUNDING, HOW WILL THAT AFFECT PUBLIC SCHOOL DISTRICTS? GUEST: THERE
|
| 00:38:49 |
Shoop, Tom - Vice President and Editor in Chief
ARE AREAS THAT WILL BE SUBJECT TO CUTS IN TERMS OF SUPPORT FROM THE FEDERAL LEVEL FOR PUBLIC SCHOOLS. THE ADMINISTRATION HAS BEEN HIGHLIGHTING THE IMPACT...
|
| 00:39:11 |
Orgel, Paul - Host
OR TWO. WE WANT TO THANK ALLEN RUSHING FOR PREPARING THE STUDENTS AT MOUNT VERNON FISCAL -- HIGH SCHOOL. THE BUS IS FINISHING UP ITS TWO WEEK TO WORK...
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| 00:40:00 |
CALLER, -
A QUESTION. SIMPSON-BOWLES RECENTLY AIRED ON C-SPAN, AND THEY BOTH SAID THAT THERE IS 180 RUBLES IN THE TAX CODE WORTH TRILLIONS OF DOLLARS. -- LOOPHOLES...
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| 00:40:31 |
Shoop, Tom - Vice President and Editor in Chief
GUEST: GUEST: THE SHORT
|
| 00:40:35 |
Shoop, Tom - Vice President and Editor in Chief
ANSWER IS YES. THIS IS SOMETHING THE ADMINISTRATION HAS BEEN PUSHING TO MAKE CHANGES TO THE TAX CODE THAT WOULD AFFECT THE HIGHEST EARNERS. YOU COULD...
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| 00:41:10 |
Orgel, Paul - Host
SHOOP. THANK YOU FOR WALKING US THROUGH SOME OF THE CUTS AND EXPLAINING HOW IT WORKS WITH FEDERAL EMPLOYEES. WE APPRECIATE YOUR TIME THIS MORNING. WE...
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.