President Obama says sequestration or forced spending cuts set to take effect just eight days from now are "severe" and "brutal." House Speaker John Boehner says the cuts are "deep" and "dangerous."
Lots of talk, little action on forced spending cuts
Doug Holtz Eakin, a former director of the Congressional Budget Office points out the cuts are not as 'brutal' as politicians are saying.
"The sequester is an $85 billion cut in a $3.6 trillion annual budget in a $16 trillion economy. That's a small cut in a huge pie."
Since it is a huge pie, Erin Burnett asks why no one can seem to come up with a plan to replace the sequester with other, smaller cuts that won't have such a "brutal" and "dangerous" impact.
Why no plan on forced spending cuts?
OutFront tonight: Daniel Altman, economics professor at New York University and Reihan Salam, CNN contributor and writer for the National Review.
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Erin Burnett OutFront airs weeknights at 7 p.m. ET. Designed to showcase Erin's unique style--casual, smart, and confident--OutFront stays ahead of the headlines, delivering a show that's in-depth and informative.
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