Obama using ‘scare tactics’ over sequestration?
Economist Peter Morici explains
- Duration 3:01
- Date Feb 19, 2013
Economist Peter Morici explains
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Well this -- and those automatic spending cuts still on the president says it's a crisis Republicans upgraded.
But enacts this as both sides agreed to these back on -- it neither side.
Could come up with alternative cuts of the wrong.
Like economist -- he says it is wanted by the brother of the demagogue the issue would trot out props to warn of the coming calamity in March 1 it is quite another.
Who created needless national panic and then blackmailed tax Perry's -- -- while erratic.
It's going to hear -- saying that a lot of these cuts don't have to be in the.
Absolutely like one of the first ones mentioned was -- security at the embassies you know -- marine guards there.
Did you know we have more members in military bands that we do have people in the entire foreign service abroad.
There -- want to just get -- -- -- -- players so we can maintain the Marine Corps guard in the short term that's just one example.
The meat inspectors the -- of -- food shortage.
I have run a federal department I know how to work it.
I would have no trouble maintaining vital services that I had.
Off on a temporary basis and getting my 10% some other way it's just he's -- you -- that don't need to be made.
Or it's a -- when he talks about they don't.
I don't know what's today -- but saying you know.
But if your meat inspectors it mightn't it be a case of the food and drug administration on having enough people are -- -- -- up to its job and police are drugs.
Does does the executive branch have the discretion of cutting.
Once we're at a situation like this.
And and if so is it just going for the low hanging scary -- to tell people this is what's at stake if these cuts go through.
What he -- 10% over the long term permanently you gotta make real changes but.
On the short term basis they have to make the cuts within accounts which you can move people from one account to another.
For example -- the food inspectors are if you have to cut 10% -- that account.
You -- -- clerical personnel to another department or another account and you spread the cuts out that way.
It's not that hard.
So this notion that.
We'll all be you know.
Eating dog food or for that matter of taking dangers drugs on that's more scare tactic than than a realistic -- Actually he could -- -- to a -- like when I was a kid growing up in New York State the school budget was always a separate vote from the municipal budget.
And that was the biggest tax so you know people -- angry about taxes they booked on the school budget in the school board would always respond no more football team.
And of course you know it's an English department as -- who cares about Jake's written -- football team that's what.
Professor -- he might do the same -- choice but give -- longer lines at the airport and a lot of other inconveniences that he doesn't have to do you know he's the chief executive of the United States.
And by the constitution he's required to run the government.
With the money the congress gives him he might not like the amount of money that -- it gives him but he simply not doing his job if he lets these kinds of draconian outcomes occur.
-- and Peter always good seeing you thank you very much.
Nice to be with you -- -- -- are.