'This Week' Transcript: Gen. Jim Jones (Ret.)

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Any group that says you don't cut oil subsidies to companies making billions and billions of dollars, subsidies that were passed when the price of oil was $17 to encourage production, and now the price is over $100, and at the same time, says, cut student aid to help qualified students go to college, yes, I believe they're extreme. And I have no problem with that...

(CROSSTALK)

AMANPOUR: OK, Senator Sessions, extreme and holding the party hostage.

SESSIONS: It's absolutely false. Millions of Americans participated in the tea parties. Tens of millions of Americans support and believe what they're saying. And they are right fundamentally. Maybe they don't understand all the realities of Washington politics.

AMANPOUR: But are they right for being...

SESSIONS: But fundamentally they know this country is on a path to fiscal disaster. As Erskine Bowles said, as Secretary Geithner has said, as Alan Greenspan has said, we're heading -- and this Democratic leadership proposes nothing.

AMANPOUR: Do you believe...

SESSIONS: But to attack the people who are trying to get this country on the right course.

AMANPOUR: Do you believe there will be a shutdown?

SESSIONS: I hope not.

AMANPOUR: But do you think there will be?

SESSIONS: I doubt it. I doubt there will be a shutdown.

AMANPOUR: All right. Well, both of you agree on that. And, of course, we do have to talk at another time about these huge mega- issues, which really right now is tinkering around the edges, isn't it? The big, big entitlement programs.

SESSIONS: We're talking about trillions of dollars.

AMANPOUR: Precisely. And we'll have you back... SESSIONS: And the president has no plan whatsoever to deal with it.

AMANPOUR: There seems to be no plan in general.

SCHUMER: That's not true at all.

AMANPOUR: And we'll discuss that the next time.

SCHUMER: That's not true at all.

AMANPOUR: Thank you very much, indeed, for being on this program.

And tell us your thoughts on the war on Capitol Hill. Tweet me @camanpour #budgetbattle.

And up next, new job numbers are moving in the right direction, as we have heard, but could a government shutdown deal a serious blow to the recovery? We'll get answers from our roundtable.

(COMMERCIAL BREAK)

AMANPOUR: A Florida pastor's reckless stunt sends shock waves across Afghanistan, bringing mayhem and death. But today, Terry Jones is unrepentant. How does the White House contain the damage caused by a preacher gone rogue? Our "Roundtable" tackles that one. Stay tuned.

(COMMERCIAL BREAK)

(BEGIN VIDEO CLIP)

OBAMA: Today, we learned that we added 230,000 private sector jobs last month. And that's good news. That means more packages, right?

(END VIDEO CLIP)

AMANPOUR: The president at a UPS facility on Friday. And yes, the jobs picture is looking up. Unemployment is the lowest it has been since March of 2009, just after President Obama took office. So it's good news, if 8.8 percent unemployment can be considered good news. But as the recovery picks up steam, the budget showdown in Washington threatens to derail the progress that has been made.

Here to make sense of it all, our "Roundtable" with George Will; Paul Krugman, Nobel Prize-winning New York Times columnist; Torie Clarke, the former Pentagon spokeswoman in the Bush administration; and David Ignatius of The Washington Post.

Great to see you all here. So, the jobs numbers, good, right?

(CROSSTALK)

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