Peter Orzack News Today

Medicaid. according to the center for american progress, the cbo score means that montana alone, the health care bill will kick close to 80,000 people off insurance in the next decade. thats what greg gianforte refused to comment on. but the millions of people who would lose health insurance under trumpcare isnt the only problem the cbo found under this bill. well discuss that with peter orzack who ran the congressional budget office. [ dinosaur roars ] onboard cameras and radar can detect dange...

But then the cbo score came out, projecting that 23 million people will lose their insurance over the next ten years. including 14 million people losing coverage because of the $800 billion in proposed cuts to medicaid. according to the center for american progress, the cbo score means that montana alone, the health care bill will kick close to 80,000 people off insurance in the next decade. thats what greg gianforte refused to comment on. but the millions of people who would lose health insuran...

Estimate as early as today which is pretty key to the future of this republican health care bill. we have members of the gop say we dont know how much it costs yet, how can we debate it? >> reporter: were expecting to hear from the cbo numbers a lot of raspberry wont like. they ran on the idea that make is too expensive. number one is theyre going to argue this is a three-part plan, the bill that were putting forward is just part one. parts two and three will make a difference in bringing costs ...

Congress. ok, heres all this money, you guys figure out how to spend it. and a lot of it was not spent wisely. >> my feeling is, yeah, theres only so much money you can spend. in the book, i write about how even some of obamas own advisors like peter orzack had concerns theres only so much money that congress can get out the door. to fix that, theres two things you want to do. one is cut taxes. they could have done more. second thing is they could have sent more money to the states that are layi...

>> i would like --i would like like -- >> i would like to teach the world to sing in perfect harmony. this is about math. we all know it cant grow at 6% a year. either we come up with some dramatically -- dramatic different approach over the next few years or medicare goes bankrupt or we slow down the rate of growth. >> im not endorsing this approach. i was at a speech yesterday with peter orzack, former o&b header, he says i know its risky, i would like to see all tax cuts, not just wealthy, al...

Americans another trillion over the long run as far as the national debt goes, peter orzack, had we done that -- >> he wanted a two year extension at that time and expires. >> then everything goes. the long-term fiscal health, what of your ideology, the long term fiscal health of america had the white house followed orzacks plan, would be dramatically better today. >> youre right. not just from inside the white house, from the democratic party, he got a lot of heat. you have to make tough decisi...

Between washington and wall street through fannie mae. so you had peter orzack who wrote a paper in 2007 saying the risk of freddie and fanny -- i think 2002, was 1 in 3 million bees a sis system risk. then there is less than 5% chance for the cost of fanny and freddies problems being own a hundred billion dollars. we are pay past that. now he is vice chairman at citi. so the revolving door is still there. it continues. >> we have just about a minute left. how do we avoid repeat of same incentiv...