The bipartisan congressional committee tasked with finding at least $1.2 trillion in deficit reduction announced today it cannot reach agreement by the Wednesday deadline. Sean was not surprised. "They failed to meet their goal which was so pathetically weak to begin with anyway. $1.2 trillion dollars from the Federal debt which amounts to less than 1% or 0.7% of the GDP. They can't even do this!," an exasperated Sean said. "The narrative that it's the Republican's fault that they failed simply isn't true. Democrats want this to fail because they think they can go forward with this Harry Truman campaign of a 'do nothing' Congress and actually end up victorious," said Sean. Meanwhile Republicans have passed bill after bill, cutting, capping and trying to save money. "What's going to happen now is we're going to have massive cuts in defense and non entitlement discretionary spending. The catch here though is the trigger isn't pulled for this cu ts to begin until 2013 - after the presidential election. So whether those 2013 cuts actually go into effect is impossible to know," Sean explained. You can listen to Sean's comments on the failure of the Super Committee by clicking here.
Newt Gingrich On Super Committee Meltdown
Presidential candidate and former Speaker of the House Newt Gingrich joined the show's second hour to discuss the Super Committee failure. "I'm really glad to see the committee melted down," Gingrich explained. "Now they have to go back and do what they should have done in the first place and that is to rely upon the regular order and ask every subcommittee to find as many savings as they can and give them some assignments. I am totally opposed to this idea of some arbitrary sequestration that guts the defense system and designed to be suicidal. This is really a totally backwards operation," Gingrich added. To hear how Gingrich would go about reducing the deficit, you can listen to his entire interview with Sean by clicking here.
As we inch closer to the 2012 elections, the GOP presidential hopefuls keep hammering away on the campaign trail all the reasons why Obama needs to be a one term president. Sean was joined by syndicated columnist Charles Krauthammer who listed reasons why he believes we should trade in President Obama's "Yes, we can," slogan for "We can't wait." "Well, look. He had his "Yes, we can" and it turned out he really couldn't, so now it's "we can't wait," meaning everything is the fault of the Republicans," Krauthammer explained. You don't have to look any further than Obama's decision to wind down the surge in Afghanistan to see how his actions are politically motivated. "Wind down fighting in September?September of next year, again, it's election-driven. September makes no sense whatsoever. It is during the fighting season. You either do it earlier in the year or later in the year. And his commanders -- not one commander had recommended a winding down of the surgeons September . Why did he do it? Because he wants to actually have something that he can say in the last weeks of the election," Krauthammer added. To watch Sean's interview with the syndicated columnist please click here.
Newton Leroy "Newt" Gingrich (born Newton Leroy McPherson ; June 17, 1943) is an American politician who served as the Speaker of the United States House of Representatives from 1995 to 1999. In 1995, Time magazine selected him as the Person of the Year for his role in leading the Republican Revolution in the House, ending 40 years of the Democratic Party being in the majority. During his tenure as Speaker, he represented the public face of the Republican opposition to Bill Clinton . A college history professor, political leader, and author, Gingrich twice ran unsuccessfully for the House before winning a seat in the election of November 1978. He was re-elected 10 times, and his activism as a member of the House's Republican minority eventually enabled him to succeed Dick Cheney as House Minority Whip in 1989. As a co-author of the 1994 Contract with America , Gingrich was in the forefront of the Republican Party's dramatic success in that... More >
Stuart Varney is a conservative British-American economic journalist, currently working for the Fox News Channel and the Fox Business Network in the United States. Varney joined Fox News in January 2004 as a business contributor on many shows, such as Your World with Neil Cavuto. Varney will also occasionally serve as guest host for Your World and the shows on the Cost of Freedom business block.
Williams regularly appears on major radio and television programs, notably National Public Radio and the Fox News Channel. He also writes for leading newspapers including The Washington Post, The New York Times, and The Wall Street Journal, and has been published in magazines including The Atlantic Monthly and Time.
J. C. Watts, Jr. (born November 18, 1957) is an American politician and Canadian Football League player from Oklahoma. Watts served in the U.S. House of Representatives from 1995 to 2003 as a Republican, representing the 4th congressional district in south-central Oklahoma.
Karl Christian Rove (born December 25, 1950) was Senior Advisor and Deputy Chief of Staff to former President George W. Bush until his resignation on August 31, 2007. He has headed the Office of Political Affairs, the Office of Public Liaison , and the White House Office of Strategic Initiatives . Since leaving the White House , Rove has worked as a political analyst and contributor for Fox News , Newsweek and The Wall Street Journal . For most of his career prior to his employment at the White House, Rove was a political consultant almost exclusively for Republican candidates. Rove's campaign clients have included Bush (2000 and 2004 presidential elections, 1994 and 1998 Texas gubernatorial elections), Senator John Ashcroft (1994 U.S. Senate election), Bill Clements (1986 Texas gubernatorial election), Senator John Cornyn (2002 U.S. Senate election), Governor Rick Perry (1990 Texas Agriculture Commission election), and Phil Gramm (1982... More >