Page 2 - Budget Window News Today

For many americans and extend a pause on payments to january, that according to three people familiar with the plan. biden, as you know, has faced pressure from liberals to provide much broader relief to hard-hit borrowers and also faced a bit of pressure from moderates and republicans who question the fairness of any widespread forgiveness which would, they argue, force blue collar workers and those americans who didnt have the chance to go to college, didnt make the choice to go to college, to...

What -- that "wall street journal" piece from editorial board. the headline says about that deficit reduction, even cbo says all the savings or five years out. sure they are. thats what they say. on wednesday the congressional budget office said the first four years through 2,026, it will increase the deficit by $22.2 billion. over ten years it would reduce the deficit by nearly $101.5 billion. those savings in the out years as congress likes to call the far end of the budget window, are almost ...

Weve got a whole bunch of other sound bites from a whole bunch of other people who were on a bunch of the other sunday shows but weve got like a minute left so let me just play senator graham on with chris wlals on fox news, what he had to say about whether its hypocrisy, what is this about, tax cuts versus build back better. just watch. >> what chris psaki is saying and other democrats are saying is when president trump and you -- >> whats that got to do with anything. >> let me just finish, pa...

I dont -- taxpayer. i dont like spending more money than we did in world war ii, and thats what were doing right now. this bill, build back better, is $a 5 trillion. its not 1.75. it will add $3 trillion to the deficit. when they tell you the bill is paid for, theyre lying. when nancy pelosi brought it to the house with a cbo score of 1.75, it was a lie. when she said it was 300 billion to the deficit -- chris: sir, respectfully, what jen psaki and a lot of democrats are saying is that when pres...

Could use budget gimmicks within the budget, with the budget operating process that they can bring a $4.3 trillion bill down to a $1.5 trillion bill by just changing the sunsetses and years and when it phases in. but if they keep those same policies, in fact, it may only be a $1.5 trillion bill for a year to two years, but, in fact, over a ten-year budget window it could cost $6-7 trillion. so when representative jayapal says its all about the policies and not the numbers, she wants to keep ever...

Somewhere in manchins range is what of the policy priorities are they willing to sacrifice and how? is it means testing? is it limiting the amount spent? is it lessening the budget window? those are huge discussions to have on any one component. but were going to have them on four or five or six or even eight components. >> a key factor is shortening the duration of the bill making it a five-year bill not a ten-year so therefore you cut in half the amount of money. joe crowley, have we seen pres...

To do that you gotta fit into this budget window. is the expectation that notwithstanding the phaseout and so on, all of these will ultimately not be repealed ever in the just continue to grow and once they grow and start. guest: absolutely, social security or medicare. paul, one of the entitlements is prekindergarten. that does phaseout under the budget window and can there be one the american public out there trying to follow this who does not believe that pre-k entitlement is permanent. like ...

>> bret: president biden being asked about the giant, giant bill up on capitol hill 3.5 trillion he said we are going to pay for everything we spend. its all paid for. this is now the "wall street journal" writes it. budget tricks disguise the true cost of bifned. entitlement. democrats find way to cradle to welfare statement demanding what they claim 3.5 trillion over 0 years. the truth is that even that gargantuan number hides the real cost of their plans. the bills moving through committees a...

Trillion. they have in the proposal a bunch of gimmicks in that program will only last a year and this will only last five, this is only going to last eight. they have $100 billion to the tax credit, the democrats have already said we have this for covid and we want to renew it for next year so you work the numbers out on that if you renew it for ten years, for the rest of the budget window. its another $900 billion on top of it. so this is a $5.5 trillion expansion of the social welfare benefit...

Doing with more borrowing, more deficit spending. maria: they have real gimmicks here to make it look like its 3 and a half trillion but 5 and a half trillion in order to fit proposals within 3 and a half trillion dollar budget and lawmakers intend to have policy expire before ten-year budget window using the gimmick to hide the actual cost. how much does this plan actually cost, 3 and a half trillion or 5 and a half trillion? >> my guess is 5 and a half trillion and if you do the net present va...