Page 2 - Defic Deficit News Today

As mitch mcconnell can only afford to lose two republican votes. this as senator warren demanding to see the treasury departments economic analysis after steve mnuchin promised the american people this. >> we think there will be $2 trillion of growth. we think this tax plan will cut the deficit by a trillion dollars. thats a large number. >> reporter: the inspector general launching a probe after receiving this letter from warren questioning whether mnuchin misled the public or refuses to releas...

Are two members in particular. and thats john mccain and jeff flake. i think things will start to narrow a bit on these two senators, and in terms of just them being major holdouts in the end. they will say its over principles. the president and his team will say its personal. but according to lobbyists i was talking to, those are the two theyre worried about the most and they were saying they could forsee a situation where mike pence would have to be the tie breaker. >> bob, theres so many movi...

Talking about it would blow $1.5 trillion hole in the defic deficit. now some estimates have it over $2 trillion. how does susan collins support that? it seems to me holding all but two republicans in check is a pretty tall order. >> so add to heidis smart points, when you think about the core problem here for senate republic can leaders, there are those who think the tax plan is progrowth. others think it adds top of the deficit. speaker ryan said put aside your concerns about the deficit. we n...

Its why i left my investment firm and resolved to use my savings for the public good. but here we are nine years later and this president and the republican congress are making a bad situation even worse. they wont tell you that their so called "tax reform" plan is really for the wealthy and big corporations, while hurting the middle class. it blows up the deficit and that means fewer investments in education, health care and job creation. its up to all of us to stand up to this president. not j...

Said this for 30 years. the economy moves like a very lumbering aircraft carrier. whats happening now is the result of policies that were put in place seven years ago. bill clinton -- >> thats important to make. >> george h.w. bush turned the economy around. george h.w. bush did the things required to get the economy growing again and take care of the deficit. bill clinton benefitted from that and grew on it. >> president trump is going to take credit for what happens next year regardless of the...

Cuts into readiness as we heard the service branch chiefs talk extensively about risk and readiness crisis. so were trying to let other members know weve already been to the table in reducing military budgets and taking 50% of the sequester cut and placing it in 18% of the budget, not a smart way to go about this. we want to make sure we reduce defic deficit. this is not the smart way to do it. and it cuts at this nations ability to defend itself. >> it sounds like have you reservations about th...

Alabama? >> yeah. >> excuse me, someone is knocking. but -- but the -- the abortion thing, you know, thats really interesting because as you recall the health care debate also at the end of the day, remember, came down to abortion. you know, this tea party supposed to be about only money. its all about the deficit and the debt. its really the same old people who used to be the christian conservatives when they supposedly took over the republican party. the republican party doesnt change. it rebr...

And tax cheats are trying to get away with not paying. for every dollar spent on that by the irs, the government gets about $10. thats the money we take in. in the new keep the government open deal, the republicans just killed all of president obamas requests for new irs enforcement spending. zeroed it out. as of the end of last year, tax evaders and tax cheats had scammed the government out of $330 billion. thats all outstanding, and its almost ten times as much money as the republicans and the...

The news for which you dont need a reporter or expert analyst to help you understand. what you need is a comedian in order to understand their importance. this is one of those things. the keep the government open % deal that the republicans forced in d.c. on friday night includes $39 billion in cuts below the presidents budget. the president will give a speech tomorrow thats expected to say im interested in cutting even more. the main thing driving the conversation in washington now is concern f...

Nixon, reagan, fed chairman under bush. what did he say? youve got to let these tax cuts expire for everybody. it looks like the old men of washington are starting to talk like european leaders and they want to focus on on reducing the debt first. >> exactly. that is what is the two comments have in common is the deficit. youre seeing the lack of confidence in the united states. they say we have to start doing things to deal with our deficit to show we are beginning to take it down, or people ar...