Page 2 - Deficit Increase News Today

>> huge deficit increase. >> trillion dollar deficit. >> interesting for paul ryan. >> right. >> thank you, all. thats it for us tonight. thank you so much for watching. ill see you all back here tomorrow. . . . my name is jeff sheldon,

Republicans will lose the house. i mean, look, it becomes -- if youre an income bekucumbent one as to whether or not to run for re-election and paul ryan bails, why would you stick it out? the one thing i dont like is, i think -- ive seen some people who have written about how symbolic this is, now this is donald trumps party and paul ryan ism has been defeated. he wanted to retire. he never wanted this gig anyway. >> i believe he wanted to be with his family, but i believe theres something else...

Critical of the idea that we needed tax cuts in this stage of a recovery cycle. weve actually been in a recovery, it doesnt feel like it, since 2009. people feel, the economy is just fine, if its not broke, dont fix it. but the president wanted those extra growth numbers, wanted to power through with strong figures. its very possible that has contributed, along with more borrowing, to the high interest rate. >> the president says that economic growth will actually pay for the deficit increase. >...

But were seeing growth that is as good as the united states or better around the world. so, the growth right now may or may not work that way, but you have made the argument as many have made that this is part of a republican play book. let the deficit increase, and use that as a reason to cut back on the size of government. >> oh, i think thats absolutely inevitable. i think all of the deficit hawk groups that have been very quiet during the tax cut debate are just, you know, itching to get out...

For hedge fund managers the president said he would get rid of, thats gone, but i hear you. when you look at the independent analysis of this, brookings, the oldest think tank in the country, said 80% of american families will feel a tax cut next year. will see an actual tax cut next year. that is more than just the wealthy americans. no? >> well no. thats correct. >> right. >> they will get a tax cut. >> yeah. >> some people will get a very small tax cut and some people will get a very large ta...

The last decade. probably not in the last two. in the short-term deficit increase which obviously if we can do it any other way with democrat support, i would be all in favor of that. we are going to start to see a real growth and increase in the paychecks. not just for the top earners, but for the average person that is making a wage here in america. more than $2,000 a year back this their pocket. its krill critical that we trust the american people to spend their dollar more wisely than d.c. b...

Thats going to be paid for. most likely will be sliding around some of the start and end dates for the cuts. we already know the cuts to the individual tax rates are set to expire in a couple of years. theyre playing the game to keep the price tag down. >> its very complicated. theres congressional math involved that they cant go over a certain deficit increase. you just tweeted provisions removed from final tax bill per hill sources familiar with it, student loan deduction removal, medical expe...

Credits, jut were giving hundreds and hundreds of billions of dollars, increase the deficit to give this to major companies and hope and pray its going to be different this time, and im afraid the bad news for middle class families is not only is there no evidence that wages will go up, but theres lots of evidence that the republicans will use this deficit increase as then an excuse to cut education, cut higher education, cut medicaid, cut medicare. this is not -- >> to be clear, thats because w...

Raise taxes on middle class americans. well, either thats not going to happen and its just a gimmick to give them cover for this huge deficit increase, or it actually would raise taxes actually when the economy was weak and make no sense at all. and i think what really is the concern for so many people is that when theyre raising $1.5 trillion of deficit, you know, lawrence, we know what theyre going to do. the moment they do this, the moment they have made the deficit that much worse than the o...

Today he said after agreeing in principle with senate membership on a trigger mechanism to ensure greater fiscal responsibility should economic growth estimates not be realized, uvoted to advance this important piece of legislation. gene, he is saying he wants a trigger mechanism to go into effect if the deficit starts to go up more than the republicans are projecting it will go up. but they are projecting it will go up $1.5 trillion. >> yeah, i mean look, i like bob corker. we work together wel...