NewsNation | February 27, 2013
>>> the white house confirms president obama invited congressional leaders for a meeting on the sequester hours after the cuts are set to take effect. senate majority leader harry reid and mitch mcconnell at the meeting. it comes as the new " wall street journal " poll shows public patience wearing really thin as the fifth budget showdown in two years is about to come to a side. 51% said these clashes make them less confident. 16% said the negotiations make them more confident about the economy and after four months about the direction of the country, they have 59% say the country is on the wrong track. just 32% say it's headed in the right direction. the polls show the president's campaign against the sequester is working. 52% call sequestration a bad idea. just 21% say it's a good idea. the american public doesn't like the idea of doing nothing either. 53% say they would like congress to move forward with a plan the same amount or more cuts. joining me live is congressman adam smith . the democrat on the house armed services committee . thank you so much for joining me. there was a laundry list of number there is and the bottom line is people are sick and tired of being sick and tired of what we are watching in washington. there is a meeting be, but after the sequester.
>> i think they are right. we need to make a decision. we need a long-term plan to balance the budget. we don't have to balance the budget in ten years, but we have to get the deficit under control and talk about the choices involved. we have to raise taxes and make reductions in mandatory spending . this is the deal that has been hanging out for two years. it is tough and there no easy answers women got elected to lead and we need to make the decision because the impact on the economy right now, we need it without sequestration. the impact is devastating and sequestering makes it worse.
>> when you have 51% less confident at a time when there was a report this week home sales are up over 7%. people are feeling better and going out to look for jobs and here we are again with this man-made problem on facing this economy at this fragile time.
>> we're need to stop lurching from crisis to crisis. i thought it was bad from the beginning. it was only done because the republicans refused to raise the debt ceiling. the mandatory cuts that are damaging our economy when we can least afford it and shut off the sequester and move forward with funding the government appropriately and making the long-term decisions needed.
>> doesn't look like we will shut it out. friday you have this meeting after the deadline. what needs to be the first thing you believe the president should put on the table?
>> here's the two-steps. get the big deal on taxes and mandatory spending . if you can't get that, let's stop sequester and torturing the portion of the budget thinking that will force us to act on the bigger budget deal. obviously that is not working. let's get a deal on spending. i introduced a bill today that would get rid of sequester and lock in place further cuts in spending and over the course of the next ten years in a lot less, about a third of what's done. get the portion fixed and let's start passing appropriations bills. let's stop lurching from crisis to crisis. if you can't get the big deal , that's unfortunate, but don't torture the economy while we are waiting.
>> congressman, thank you so much for joining us. i appreciate it. we will see what happens as some movement is