Rep. Paul Ryan says he thinks ‘sequester is going to happen’ - The Hill's Video
"“We think these sequesters will happen because the Democrats have opposed our efforts to replace those cuts with others and they’ve offered no alternative,” Ryan said on NBC’s Meet the Press.The sequester cuts, delayed by the “fiscal cliff” deal reached at the beginning of the year, are now slated to take effect on March 1.Ryan added that the cuts needed to happen because Republicans can’t risk losing the only leverage they have when it comes to cutting spending.“I think the sequester is going to happen, because that $1.2 trillion in spending cuts, we can’t lose those spending cuts, that was to pay for the last debt-ceiling increase, let alone any future increase.”"
Ryan Says Balanced Budget Needs Spending Cut...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.