. >> we will use those wordsrom robertrt stevens as a staing point.y peter morici ecoconomi professor the unersi of maryland and josh boak with the fiscal times, a publication 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