Page 2 - Deficit Side News Today

Going. and so have people in the white house and the business community. we are -- it is very foreseeable they get this to conference and get something through by the end of the year. obviously disputes about how do you pay for this stuff. questioo you pay for. there are a whole lot of areas where it could fall off the rails. but the house is staring at a loss of a majority next year. the political pressure is so extreme. i think its heading toward ramming something through. >> theres been littl...

Rights now where the politics and concerns are now out weighed by the reality. if you go by the cbo score, as you noted this over the course of ten years will reduce deficits by $338 billion. that is lot of money, and money republicans need to plow into the their tax bill. that means fewer government subsidies will be paid out, fewer people will enroll in medicaid. that will save a significant amount of money. they need it for two reasons. one, they want to plus up to bring their numbers along t...

Tax rates? we are perhaps at some short-term exposure on the deficit side of things. >> you know, the biggest expenditures of the federal government are the so-called entitlements. social security, medicare, medicaid. the white house budget director mick mulvaney was on the sunday talk shows saying he personally is pushing the president for cuts in these entitlements, but the president says no, they are off limits. listen to this. >> i had a meeting with the president just the other day. we walk...

Deficit side, too. there are cons for her but a lot of republicans are in denial about how strong she is and how possible it is she will dispatch bernie sanders quickly and the republicans will fight over thaer nominee all the way to the convention. that would give her another leg up. >> its a clinton consolidation for sure. great to see you. thank you. so bill clinton tweeted this out today to his wife. they say its your birthday. happy birthday to you, dear hillary clinton. and on saturday a...

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But hes proposing something different here. hes proposing tax cuts. and i think this argument with him and "the wall s(zqqá journal" over what is essentially 2% of the rate, içó think its slightly overexaggerated. its not going to mqhq any difference in the real world if theres 1 or 2% lower rate. and i think what hes doing, obviously, is to try to win votes with the sweetener of the child tax credit. theres nothing particularly wrong with that. and it is true that a pudding has to have a the...

Of support from senator mike lee who is backed by the tea party and conservative side of the party. listen to president obama today on tax day and well get a quick reaction from the panel. >> if you listened to some of my political critics, they always want to paint me or the democratic party as this tax expand and irresponsible and let me say this. since i came into office, the federal deficit has come done by two-thirds. it hasnt gone up. >> charles? >> im sorry but i didnt hear that and perha...

>> $..9 trillion. deficits are not falling. deficits are not getting cut. hes exploded the deficit side of the ledger. -- [overlapping dialogue] >> if you had anything idea -- >> i dont get the $1.41 trillion is bush. that is october of 2008. >> what about the $1.29. >> thats -- thats the fastest rate in history -- [overlapping dialogue] >> didnt obama say the scandals were important and he would look into them and now they are figments of our imagination. >> president obama did an unprecedented...

Billion. president obama is elected, $1.4 trillion, $1.29 trillion, $1.3 trillion, $1.09 trillion. deficits arent falling, deficits arent getting cut, he exploded the deficit side of the ledger. >> if you had any idea how things worked in washington. >> if i had any idea -- what dont you get? >> $1.41 trillion was the last bush submission, goes to october of 2008 to october, 2009. >> 1.29 trillion, 1.09 trillion. theyre not dropping at the fastest rate in history. he has more debt than all presi...

Cuts, the brutal approach favored by many republicans in the house. what has this done to things like gdp and unemployment? >> it led to slower gdp growth and that led to higher unemployment. i was in a city that you know about, london, and you could very much sense from talking to policy makers over there that this austerity program is in a lot of trouble in terms of slowing growth and the economy and jobs and also because when the economy grows more slowly, you end up with less revenue. its no...