our roundtable today peter morici ecoconomi professor the unersi of maryland and josh boak with the fiscaln created by pete petererson to independely take on issues that affect our financial future. gentlememen, welcome to you both. we could not put off this wonderful bromance we ha been brewing for months. let's sta with sequestration. it is not sexy enough to makake the evening news, but i it is going to have an impact. what are your thoughts? >> i do not thinkt is goingo be hpening to be honestst. depending on who wins the election, , will d dependndn how much compromisise we see. >> what do y see is th alternative? >> that they actually do someththingbout the deficit right new legislation or what have you. i do not think they'rere goingo let us have this si of budget cuts if they do, it will be cataclysmi >> but to do something about the deficit, you have to either have budget cuts or a an increase in the taxes. >> going back to paramenand british commonaw, one congress cannot fd another. they can always pasass anher law.w. -- finind another. they can always pass another law. should be

is i just -- i am ready for an america with an aicanmerin wonolital scitistho us t be pvost of a unersiialandite. mak mehapp s w secretary of state, national security adviser. i was an attendee of the university when sh was the ovosther if ias an aitioor someing, don thi iould have recmendhe thdea o liz cne aitt romn hasongeeny forit matchup because i want to call the question, i want to call the question on whether or not t currt rublin pars an inrite orhe bushhene lecy owhetr sethi has chand. ifometng h chand, wt ha cngedecauhere thi cunao use a favorite term of condoleezza rice between what they are allowed -- what we know happened in the bushheney e anhat rublins expin out at theodieren the's thigap. par ofhiss ieresng likee cantandext t lynn or dick cheney, we're not going to say george w. bush's name in ear shot o a repter is thi allee ofhat e rublin partis. weave tald abo inhe primyeasobout t kdf ral, sohernrighwing base a how is a relatively moderate rich guy going to sort of pull along thoseopulous rightingers, but the real chleng i tnk isotust shing ose up, tt'sartf it buthe o

how verne the authors of this report that the leaderof the unersi kne what sandusky was up to as long as 1998? >> well, that was the first thing that they really discussed in the report was that these four men, paterno, curley, schultz and spanier had knowledge of it as far back as '98, they have e-mails showing knowledge of it. there's an e-mail reference where curley mentions that he wants joe paterno... joe paterno is anxious to hear about more news regarding this incident. so there's basically no doubt. there's documentation these four men had knowledge of that event even thougthree of them... patern curley, and schultz-- denied knowing about the 1998 incident when they talked to the grand jury last year. >> woodruff: that was going to be my question because that would mean they did not tell the truth to the grand jury. >> absolutely. and obviously curley and schultz are facing charges of perjury already and a failure to report. joe paterno was not charged and last november the attorney general actually said that paterno had done everything that they'd expected of him, he was not

d sten cter,utho o t nenovel he impehmenf raha lcolnlaw ofesr at ye unersi. had just cracked into the book and it was excellent and i loved your previous work, so i thi evyone should go out and get it i fod thsubtt o everhinghatappedhis week scining. tt rneyent theopeak d th uer lyi thing that texas is going to be able to loose itself. it was interesting that mit romn didot aresshis a al >> pticurly at aorne genel hoer spon that monday and as biden would say the following day, voting rights ishe key aspectf wthe naacisabt. wh youook athe reacons toromn's spch, y unrsta thabecae it wa't speaking to the needs and concerns of the constituents and it was not only what he said, but what he didn't say. his faer tk a rongtand on t ving rhts a h coul't mtionotin rigs onis sech to tnaacn xas wle tre's mor lauit ing sho to m th eitr he doesn't take that issue seriously or wasn't taken that addresso us seriously. >> but it sms toe the's th, the's a suati in mode pitic whe theacia polics a theaciaisto aralsobeddn ayste whe the's st this, there's a split among african-ame

. >> he sucss othe unersi tecical clege iniati creed ove5 inaudible ] pleased to confirm you will supportis autism and the funding is available so that busissesunivsiti, rentand ungeopl i neraay [naudle ] [ yeing >> tnk u. go t see t honable lad on sh fety fm. i le it th's t btish paiame, folks. british pm and marie morris during the house of commons in began as spl queion to primminier camen. les coare at pformce wi a typal ment om t sete he atome. >>he pce oegistion 're dealing with, the house posted that last night, just foremiight to mee the les d it incdeshe tranortaon cferee a fld insance institute in o package. >> oh, my god. it's so painful. >> it's a long trip acrs t atntic >> ieed tomove i anseousl >>e goto he a rliantar syst. i kn we' test and exceptional and all that stuff but we're boring. seriously. >> masterpiece thear. atralns-and t han comb. >>arryeidas usef bh mbs. >> swed re wn he was feelgegre a remsebout what he said about the uniforms. we'll show you that later. it was like, he just like, he took off his tie. you wouldn't bieveit meaitas - >>arryeidook off histi so t