Page 11 - Math Work News Today

to be severe. welcome to "your money." im ali velshi. august 2nd is the day the treasury department says it will no longer be able to pay all of our nations bills. and the united states will default on its debt. republicans are going to vote on their own plan this week, complete with spending cuts. but president obama says he wont support deep cuts without increases in taxes. >> if youre trying to get to $2.4 trillion without any revenue, then you are effectively gutting a whole bunch ...

Make the math work for reporters. are they selling it well? >> i dont think so thats true in the eye of the beholder but i dont think anyone finds this stuff persuasive. but they are doing the best they can. they will have friendly help in the media about this and the rest. i was reading the transcript with gene sperling and it sounded like someone arguing with a flight attendant who didnt want to tell you that the plane is taking off. a very weird conversation. >> bret: up next, radical islamic...

Make the math work for reporters. are they selling it well? >> i dont think so thats true in the eye of the beholder but i dont think anyone finds this stuff persuasive. but they are doing the best they can. they will have friendly help in the media about this and the rest. i was reading the transcript with gene sperling and it sounded like someone arguing with a flight attendant who didnt want to tell you that the plane is taking off. a very weird conversation. >> bret: up next, radical islamic...

Disapprove the gop tax plan as it currently stands. perhaps more damaging, 16% of the voters say they believe this tax plan will reduce their taxes and 65% say only the wealthy will benefit from the plan. would plan. would you say to that? >> at some length and surprise they are worth when you consider the hysteria coming from the left. vote, and in 1886 reagan tax bill had only an 18% favorability that they had passed. the difficulty for many of us on the ways and means committee as weve been g...

Are in part, cheerleaders and theyre-- >> im trying get you embarrassed. >> you get me embarrassed all the time, neil, you know this stuff so well that i get caught up in-- >> hardly. hardly. let me ask you, this is a victory that republicans sorely needed and you mentioned a good point at the outset how this could improve their prospects in the midterms, but not if theyre delayed. i think that people forget that. >> thats true, if you delay the tax cuts, you delay the recovery. in fact, youll m...

Revenue will be a sticking point. senate republicans have a razor thin majority to pass tax reform. and many have expressed concern about the nations debt. senator hatch wants to repeal goodlines that allow contributors to convert traditional iras into roth iras. thats useful when you need to get around the income limits. so potential changes to the 401(k) indeed. >> neil: all of this is to make the math work. >> yeah. >> neil: could be a give-away for senators that want to delay the tax cut imp...

We only have to go back to 2009, 2010 when they were trying to fight to get obama care done. think about this, if 20 million people get thrown off of the roles of health care, what those town halls are going to lookic loo fp weve already seen that so far, youre going to see a deflated gmic base get energized. >> independenting. >> if this bill doesnt get passed, because he said one of his first orders of business is repeal and replace obama care, hes going to get it done? >> i think he moves on ...

In terms of policywise, it was a mixed bag. >> james, nerd out for me here because the math. question marks about how this adds up for republicans. some things republicans wanted to see in that speech. some paul ryan-esque priorities. but no sense of like how you make the math work. >> like with donald trump for the last year and a half, republicans heard what they want to hear. didnt give a lot of details but afterwards, paul ryans sending out an e-mail saug the president embraced our plans, su...

The -- i will get to number two. do you believe the obama administration knows that number? >> i believe they do know that number because the insurance executives have said they have provided that number to the white house. and, yet, the white house and secretary sebelius she had no idea to the point that the chairman of the ways and means testimony your testimony at best pervasive and perhaps misleading. >> why did she do that? >> well, i think they dont want to give that number. the reality of...

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