friday. president biden wasting no time bragging about the august jobs report. even as americans still feel the squeeze of inflation. the president s show of optimism about the economy very different tone than he struck last night. i m john roberts in washington, hello again, sandra. sandra: and we have you there, john. good to be here ahead of the long weekend. president biden s speech in primetime, everyone is talking about it, it turned so political at times that critics say it was more like a campaign event. the president attacking supporters of former president trump accusing them of being a threat to the american way of life, and just moments ago, our own peter doocy pressed president biden himself after that speech on his divisive message. we ll play it out here, it s about a minute long. mr. president, do you consider all trump supporters to be a threat to the country? no, everyone, come on. come on, guys. i don t consider any trump supporter to be a threat to t
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that we can create an opportunistic life for all of our citizens and create an economy that s going to serve them for not just the next year or two, but for generations to come. that s what we re focused on. you start with a policy. you start with a question what do we need to do to serve the american people best, and then after you answer those questions, which i think those answers have been in the legislation we re advancing. and then you say okay, how do we resource it. the top line number really doesn t mean very much. i mean, if you talk about $3.5 trillion over ten years, you re talking about a little over 1% of gdp during that period. you re talking about only 5% more spending, growth spending than we re already going to be spending. and in exchange for that, and of course we do have offsets.
resolution on saturday, which will actually move the process forward. it will send the bill all the bills, the $3.5 trillion and accumulate spending, and also the revenue measures that the ways and means committee has adopted as part of their process. we re going to advance that to the rules committee. and then presumably it will go to the floor. but you re exactly right. this was an agreement in the senate. it was an agreement in the house. bernie sanders originally wanted to have growth spending. i can t emphasize enough that this was a compromise position. what we ve been focused on and what the biden administration has been focused on is not the dollar amount. it s the policy. it s that the programs and the benefits that we think we need to give the american people so
the matter is no one is talking about the fact that uncle sam is going to acquire $10 trillion in added debt, the tax cut, whatever you make of that would be about a tenth of that, everybody worried about where the money is coming from? not too many on the republican side either concerned about the 9 plus trillion dollars of added debt. it s a little weird but it is what it is. what now. john, we begin with you, the fixation on the debt is one thing but it s grown, you know, in the last two administrations, particularly in the last one so we saw a lot of criticism from republicans although it grew under george bush as well. but the focus on paying for the tax cut seems disproportionate when it s small compared to growth spending that s producing far bigger debt, what do you think? i think that s exactly right. shows how hypocritical these congress are.
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