Deficit Ballooning News Today

Adjustment to the bedrock of the nations economy. the labor department is now saying, between april of 2018 and march of this year, there were half a million fewer jobs created than they actually originally thought. its all adding to the worries of a slowdown, it comes as were getting word of a more worrisome speed up. the deficit ballooning much faster than expected. you can see this orange line on your screen, the deficit now on track to hit $1 trillion in fiscal year 2020, which starts in sep...

Not for business at all. for middle income people. >> we never got that tax cut from middle income people. besides the deficit ballooning in the wake of the cuts, take a look at this. new irs numbers show that in 2018, the agency collected nearly $100 billion more in individual taxes before refunds than it did in 2017. even accounting for refunds. the agency still netted billions more from individuals in 2018 than 2017. that means no tax cut for us. meanwhile, the businesses that he said would n...

Revenue from them offsets the expense of a wall, it offsets the expense of a new post office in montana or a highway in duluth. the president has never explained how it adds up to mexico paying for the wall. his press secretary hasnt been able to do that either. only words or perhaps in this case word salad. >> the deficit ballooning to over $1 trillion under this president, where are the monies for this wall going to come from? why is he asking the taxpayers for them when he promised mexico was...

Money from to make sure the president can protect our border and protect american citizens. >> with the deficit ballooning to over a trillion dollars under this president, where are the additional monies on this wall going to come from and why is he asking the american taxpayer for them when he promised mexico was going to pay? >> were not asking taxpayers for that. were looking at existing funding through other agencies that we can draw on to do that immediately. the president has been clear th...

The prospects of rising interest rates, short rates an lod long rates have jumped. so that is downward pressure on stocksing along with the ongoing trade war with china, worries about a global economic slow hedohe do -- slowdown and even housing weakness are all reasons. >> but shouldnt question being a nothi a -- shouldnt we acknowledge that one of the reasons that they raise interest rates is because they need to create a cushion? because if things do turn and face a recession, they need to ha...

Listening to cnn this morning. i heard folks saying democrats need to focus on health care and they need to do this and talk about that. those people are totally divorced from fact and reality. they have not been on the ground, and i have. what democrats, what candidates across the country are doing, is theyre talking about the issues. theyre talking about the fact when republicans got a chance to do something for you, to cut your taxes, that they cut the wealthiest americans taxes and only made...

>> you know what gary cohen did, he walked out the door. >> did a good job on tax cuts and tax reform. >> lets just correct something. gary cohn did tax cuts. its unclear where theres any tax reform. where is tax reform? >> the broad reform lowered when you lower the corporate rate, you fix the repatriation tax side. certainly cuts are good. >> youre not concerned about the deficit ballooning, thats not what the koch brothers like. >> were concerned about the fact that republicans and democrats ...

They always did before. and if you are suddenly infusing a stimulus package now, what are you going to do when were this bad times? one of the reasons the market went down is because there is good news out there. unemployment is in a good place. wages are going up. that means we dont need interest rates to be extra ordinarily low anymore. it is not normal for rates to be 3% right around there. we saw the treasury -- excuse me, we you saw the fed push rates really low to get us out of a recession...