Page 4 - Deficit Problem News Today

>> basically run the indicate the amount of time that tax cut was available. and later on theyd make it permanent. so i think they may try to do that a little earlier than anyone thought. >> but why would they do that? mitch mcconnell is out there talking about deficits all of the sudden. after a trillion dollar tax cut for rich and corporation, he says whoops, weve got a deficit problem, almost a trillion dollars a year. >> deficits dont really matter to them, unless it uses a cudgel to go afte...

Straightforward, weve got this gigantic debt now. we have to cut social security, medicare and medicaid. folks, folks, theyre being straight up about it. theyre coming at it. this is what people desperately need and theyve never been able to take away from us before. and im going to tell you something. if bill does not win and we dont take back the house and senate, they will take it away. >> that guy knows how to talk like a regular guy in the corner. he turns around and does this. thank you so...

During his fairly short period of years, hes doubled our national debt. doubled it. >> so thats the record. its all out in public. republican politicians insisting theyd address this deficit problem if they got power. and heres what happened. new numbers out today show the budget deficit exploding to $779 billion in 2018 under trump. that is a six-year high. what you see on your screen gives lie to every promise you just heard on your screen. so what do they say about it? well, mitch mcconnell w...

Economy is going to grow much faster than most people think. even the cbo gave us a 3% growth posting for 2018. my point is this, growth solves a lot of the deficit problem, but not all of it. for every one percentage point increase in real gdp, i dont want to get into the weeds, but every time gdp is economy goes 1%, thats worth $3.5 trillion in lower deficits. lets see how that works out and well see how the elections go. its hard to forecast right now. >> martha: whats the impact of losing pa...

No one forced the companies to go over and do business with china. a lot of the ceos, i know many of the financial institutions ceos were cheerleaders for chinas autho regime. they woke up and realized their i thinintellectual property was stolen. >> paul: how do you ignore the chinese market? >> there are several large companies that didnt go there. i dont want to let them off the hook. >> paul: you had an arc of reform in china. it stopped. its gone backwards. so -- >> theres an argument of tr...

Devils advocate a little bit. no one forced the companies to go over and do business with china. a lot of the ceos, i know many of the financial institutions ceos were cheerleaders for chinas autho regime. they woke up and realized their i thinintellectual property was stolen. >> paul: how do you ignore the chinese market? >> there are several large companies that didnt go there. i dont want to let them off the hook. >> paul: you had an arc of reform in china. it stopped. its gone backwards. so ...

Theyve caused huge issues when it relates to our deficit. >> when you look at that side of the equation, when you look at the growth that comes from economic relief from tax reform and the investments that are being made on that front, thats different than just direct spending, spending dollars that we control out of washington, d.c., as opposed to unleashing americas money which is what they have learned to invest in our economy thats going to lead to growth. i disagree on the assessment. i fun...

Issing go to be popular because they are going to see gdp growth in the threes and a tax cut thats $2,000, too. >> gdp growth sometimes moves because the world moves a certain way or oil prices spike or there is a global recession. >> tom bossert was talking about north korea, the terrible hack. >> right. >> for sure, there are exon nows things that happen. >> what happens if we are six or eight years down the road there is a sunset on the individual tax cuts and we are in -- you know, we are in...

Reform, but for everybody out there in tv land, they are saying we will cut back on your social security and thats what they are talking about. they are talking about taking something away. thats why we havent seen it. >> if you listen to the conservatives, thats where the money is. >> absolutely where the money is. they will never address the debt and deficit problem if they dont do it. these seniors would be impacked or believe they would. they tend to vote republicans. why they are going to t...

For 9 pistons tomorrow. thats not going to happen. as soon as you watch, hearing it now already, youre going to hear republicans say, now that weve increased the debt and deficit that much, oh, we have a deficit problem, and who are they going to cut the deficit? whose back is it on? social security. medicare. nursing homes, families with disabilities. >> youve studied this. its a red herring. when you go to cut medicaid is, perhaps the biggest program of that sort. you cant -- if you put a work...