Magic Asterisks News Today

>> i think perhaps youre right. he certainly had academic patter down a lot better than a lot of them did. to me, and i grew up in massachusetts, paul ryan is the biggest fake ive ever seen in politics. i mean, nobodys close. if hes not doing this, you know, phony wonk thing, you know, where hes -- hes putting together his budgets with magic asterisks, hes going down the old jack kemp fwral how he cares about poor folks. paul ryan cares about one thing and only one thing shoving as much wealth u...

Know, phony wonk thing, you know, where hes -- hes putting together his budgets with magic asterisks, hes going down the old jack kemp trail about how he cares about poor folks. paul ryan cares about one thing and only one thing shoving as much wealth up to the very, very top of the food chain and making sure it doesnt trickle back down again. thats the summation of paul ryans legacy. >> thats a much clearer through line than deficits and debt i think. of you said look at what hes done. although...

Is it going to be offset by massive cuts. you heard what steven just said, do you think this plan is realistic? >> no, of course not. all were missing is a call to eliminate waste, fraud and abuse, and well pay for his programs with that. i would note that this budget is not a real budget, and that theyre just putting magic asterisks in for the tax plan for the repealing of obama care. theyre not even trying to get the numbers to add up. i think this is more of a political document. and thats ok...

Waste, fraud and abuse, i would like to see them try it, what do you think is going to happen. i guarantee you. >> the white house office of management and budget. said that the budget outline doesnt take into account revenue projections from promised tax cuts or added spending on infrastructure, does in a make a difference? >> yes, because those are both things that are going to lose tremendous amounts of funding. thats my point, theyre using magic asterisks. were going to wave our hands and te...

True also that donald trump is tack alg big one in obamacare. if we cant get some of the excesses of obamacare out of the way, how are we going to deal with national security? >> and the increase in defense spepdi spending is going to be offset in nondefense spending. do you think this plan is realistic? >> no, of course not. the only thing were missing is the call to eliminate waste and abuse. i would note this budget is not a real budget and theyre just putting magic asterisks in for the tax p...

Them. they are not the appropriate people to be running these two critical agencies in the united states. >> i want to play one specific exchange from nick mulvaneys hearing today. one of your colleagues, senator mark lee, forced him to admit president obama had a larger inauguration crowd than president trump. this happened today in the hearing. let me play the exchange for you. >> i have behind me two pictures that were taken at about the same time of day in 2009 and 2017. which crowd is large...

And 2017, which is larger the 2009 crowd or 2017. >> senator, it does appear that the crowd on the left hand side is bigger than the crowd on the right hand side. >> the president disagreed, said its a lie, we caught them, we caught them in a beauty, referring to the press reporting, says looks like a million, million and a half people, the reason im raising this is because budget often contained buried deceptions. you and i talked about in my office about the magic asterisks, this is an example...

Crowd or the 2017 crowd? >> senator, if you allow me to give a disclaimer how this ties to omb, ill answer your question. it appears the crowd on the left-hand side is bigger than the crowd on the right-hand side. >> thank you. the reason im raising this is because budget often contain buried deceptions. you around i talked in my office about the magic asterisks. this is an example of where the presidents team on something very simple and straightforward wants to embrace a fantasy rather than a ...

>> the president of the center on budget and policy priorities and this programs most trusted budget analyst issued a report tonight on the ryan budget saying in critical ways the budget is exceedingly vague and as a result its claim to reach balance in ten years is hard to take seriously. the budgets fiscal claims rest on massive magic asterisks. joining me, jared bernstein, senior fellow at the center on budget and priorities and robert reich, professor at the university of california berkley....

And not the combination we will get from the ryan budget tomorrow. >> i doubt it is. one of the things i thought was striking in that interview he did with wallace, was when it came to obama care, he said for at least the coverage side of it what he wanted to do is get it out of there. he thought the right policy is not have it there and as such that policy is roo intersectefl budget. when asked about the fiscal tax increases he said he didnt want to revisit that. that is settled law. it seems t...