Magic Asterisk News Today

Under the fiscal policies we already have, Joe Biden’s performance is nearly $2.3 trillion worse than last year.

Heres the magic asterisk. shes got 16 trillion, almost half of her pay for, so to speak, that are in things that are the classic gimmicks that people use when they cant get the numbers to add up. better irs of tax collection, cut waste, fraud, abuse, were going to take the urban institutes estimate for how fast they think healthcare is growing and lower it a little bit to get the numbers to work in the addition to the size, scale, and the rest of this, she has $17 trillion she hasnt paid for. i ...

And they can pay for their tax cuts by cutting medicare and medicaid within that same legislation which they know is raid active so theyre struggling with the thing thats hardest thing in legislation. how do you pay for it? but the idea that you would simply explode the deficit and the debt goes against everything that virtually every one of these republicans has ever said about the deficit and the debt. >> yeah. but they say that when theyre not in power. when theyre in power, dick cheney said ...

Simply explode the deficit and the debt goes against everything that virtually every one of these republicans has ever said about the deficit and the debt. >> yeah. but they say that when theyre not in power. when theyre in power, dick cheney said ronald reagan showed that deaf sits dont matter. well, he didnt but thats their mantra now so that you can be true to the reagan legacy by saying deficits dont matter. the magic asterisk is assumption of growth. yes. if you assume a high enough rate of...

2017. which crowd is larger, the 2009 crowd or the 2017 crowd? >> senator, if you allow me to give the disclaimer that im not really sure how this -- i would be happy to answer your question which was from that picture, it does appear that the crowd on the left-hand side is bigger than the crowd on the right-hand side. >> thank you. the president disagreed about this in his news report. he said its a lie. we caught them. we caught them in a beauty. referring to the press reporting. says it looke...

Medicaid and medicare. what theyre doing is dialing back ever so slightly the size of the magic asterisk. >> they want a tax reform that brings the tax down to two rates. 10% and 25%. hes not going to say in this budget how. that seems to be difficult. >> its impossible to bring down rates for higher earners which is what happens when you move to rate structure like that without raising rates on low and middle income people. its not mathematically possible. the trick is typically theres somethin...

Medicare and nothing which is going to happen. what they are doing by xeping the revenue is dialing back ever so slightly the size of the magic asterisk. >> he is a "wall street journal" op-ed out tonight where they talk about it they want a tax reform that brings the it down to two rates only. 10% and 25%. he is not going to say in this budget how. he says forthcoming showing how. that seems to be a very difficult thing to do in a mildly progressive way. >> its mathematically possible to bring ...

Going to happen. what they are doing by xeping the revenue is dialing back ever so slightly the size of the magic asterisk. >> he is a "wall street journal" op-ed out tonight where they talk about it they want a tax reform that brings the it down to two rates only. 10% and 25%. he is not going to say in this budget how. he says forthcoming showing how. that seems to be a very difficult thing to do in a mildly progressive way. >> its mathematically possible to bring down rates for high earners wh...

If you lower rates and get revenue because of some magic asterisk, its not there. what you end up with are bigger budget deficits. he tipped his hat to that idea, but he stressed the need for closing loopholes and broadening the tax base. secondly, hes not talking about revenue neutrality. hes talking about new revenues, and he referenced a deal with the president where they had $800 billion in new revenue on the table. third and this part goes against the election outcome, he reiterate z his no...

Messina and axelrod were laying out, i think they need to redefine a few words and one is mandate. we have a humandate. a lot of other people who werent white men voted for barack obama and they have things they want and that includes taxes on the very wealthy. >> the republican party doesnt recognize those people you just referred to. jared, isnt speaker boehner simply reiterating the romney tax plan that basically expands revenue with a magic formula of growth and cutting loopholes that no eco...