Baseline Budget News Today

trumpian twist. the former president repeatedly called a liar to his face by the writer e. jean carroll during dramatic testimony. carroll laying out a blow by block account of how the attacks ended the world she had been living in. the former president shaking his head, slamming the table in anger and complaining about carrolls testimony loud enough for the jury to hear it. is there any amount of money that could finally get trump to back off? plus, why a split between republican le...

and breaking news about hunter and the irs and with less than two years ago until the 2024 election, democrats are playing the race card. they are trying to vilify the state of florida. all eyes are on the biden white house where joe is still refusing to come to terms on a debt ceiling that is eminent. according to democrats, the sky is falling. it is all kevin mccarthys fault when it is anything but kevin mccarthys fault. why do democrats care so deeply about this when mccarthy was be...

Speaker mccarthy and the conservatives are going to win a victory in the next few days. >> i have a radio show and if i use my radio audience as a focus group, the overwhelming majority of people calling me, talking to me, speaking out, all want kevin mccarthy to hold form. they look at the republican bill. all it does is return spending levels to 2022. they reduce baseline budget into 1%. cannot have massive increases in spending. kevin has a political problem. he has a 4-seat majority. if he w...

Rebuilding to get prepared for that. how did our military become so weakened? >> there is a perception on capitol hill from the more hawkish republicans that during the prior administration the basic infrastructure at the pentagon, of the 7 $16 billion, $617 billion, the vast majority are going to the pentagons baseline budget, pay raise for the troops, $69 billion goes toward the war fighting fund. jillian: lets talk about the importance of that pay raise for troops? >> it is essential. the las...

Exactly what the money will accomplish or how it will be spent and just a laundry list. paul: allysia, expand on that, what is this big burst of domestic spending mean? >> well, the new baseline budget essentially and heaven forbid we enter another recession in another couple of years and the debt is going to explode even more. right now we are heading to 1 trillion-dollar deficit, thats about do you meaned but this will add another probably trillion dollars in debt, eventually theyll have to be...

Drastic tax cuts. as you know, theres no health reform being passed. based on that, they have to go back and recalibrate and see how much its going to congress, what is the baseline budget going to be for whatever plan theyre coming with. so i would say this: they may call it business as usual. i like sean spicer a lot, a good guy. but im telling you, it cant be business as usual given the fact that the healthcare plan did not pass and those savings from healthcare cannot be computed inside the ...

The difference is that he unlike the bush administration included cost of iraq and afghanistan as part of the budget. wife didnt they do that? >> bob: >> dana: it wasnt going be written in the defense department budget year after year. not something permanent. that is why they did it that way. president obama asked for more money than congress has given him. 3.5 increase in spending. inclusive of the program that you talked about. there were cuts across the board. president obama has not propose...

Things done and when you dont have that leadership the natural pattern of you are system is to stop. >> even when they talk about $1.2 trillion, they are only talking about a reduction in the rate of increase and we are baseline budgeting, which all the years we project out in terms of spending, they are projected increases of 7, 8, 9% a year. for example, connie mack, who i know you know from florida, he is suggesting, okay, lets cut one penny of every dollar. its the penny plan. and we will fr...

That thinks through how to get things done and when you dont have that leadership the natural pattern of you are system is to stop. >> even when they talk about $1.2 trillion, they are only talking about a reduction in the rate of increase and we are baseline budgeting, which all the years we project out in terms of spending, they are projected increases of 7, 8, 9% a year. for example, connie mack, who i know you know from florida, he is suggesting, okay, lets cut one penny of every dollar. its...

Generations with that debt. the super committee, maybe they will come up with $1.2 trillion in cuts but they arent dealing with baseline budget. even the fed said the chance of a new recession tops 50 percent. what is the answer? how do we get congress really to adopt bold responsible programs instead of basically playing the old washington insider game and just punching around the edges here? >> there are two fundamental things. number one we have to win an election. people that believe in limi...