Page 21 - Spending Problem News Today

Blueprint that is going to blow a $2.4 trillion hole in the deficit, when people who were, -- >> if youre going to accuse me of hypocrisy, we have a spending problem in this country. the text could you bring and what is needed. [multiple speakers] >> republicans have not called for this trillion dollars and cuts. >> republicans are completely gutless when it comes to spending. no one can deny that but that is not hypocrisy on the part of anyone in the panel. >> im the saying the republican party...

Blueprint that is going to blow a $2.4 trillion hole in the deficit, when people who were, -- >> if youre going to accuse me of hypocrisy, we have a spending problem in this country. the text could you bring and what is needed. [multiple speakers] >> republicans have not called for this trillion dollars and cuts. >> republicans are completely gutless when it comes to spending. no one can deny that but that is not hypocrisy on the part of anyone in the panel. >> im the saying the republican party...

Easter earn. >> dagen: republicans talking a lot about tax cuts but president trumps key economic advisor is talking about a tax hike. gary cohen reportedly telling law makes they will have a chance to vote to raise the gas tax to help pay for infrastructure. gary b., you say we need to pump the brakes on this one. >> gary: exactly. we need to go the opposite way dagen. theres three key points in my argument here. number one is we dont have a revenue problem we have a spending problem in fact if...

20 trillion. even if you took every pen any of the rich folks, money, it would barely put a dent in our debt. >> absolutely, rand paul is absolutely right. 10 cents of the dollar if you confiscated the wealth, if you confiscated the wealth you would trash the economy because there would be no investment. the only way to get washington fiscal under order is growing economy. the only way you get growing economy with big massive tax cuts across the board, john kennedy did it, ronald reagan did it, ...

In a million dollars in a business in terms of how many people you employ, what your overhead is, what your payroll looks like, that doesnt necessarily mean that you are rich. >> kennedy: and vilify those people but as congresswoman blackburn can attest, you also have to cut spending. there such a spending problem in both parties and we end up squabbling about the wrong things. we have these manufactured disagreements and it does says are great disservice to not be looking at the budget and seei...

Than later. >> what has changed between congressman mulvaney on the debt and budget director mulvaney when you said earlier this week, we need new deficits to increase economic growth? >> this is whats changed, is that ive come to the realization that washington is not going to solve the debt problem, the deficit problem, through spending. i had come to washington in 2011 and had hoped that would be the case, that we had a spending problem and not a revenue problem. >> youve come to that because...

On debt and deficit. take a look. >> how can we possibly have a credible discussion about the debt and deficit and not include defense? >> more and more people are recognizing the threat to the overall economy the debt presents. >> we ran up this debt. what are we going to do to make sure it doesnt happen again? >> the debt is a problem that must be addressed sooner rather than later. >> what has changed between congressman mulvaney on the debt and budget director mulvaney when you said earlier ...

Heres congressman mick mulvaney on debt and deficit. take a look. >> how can we possibly have a credible discussion about the debt and deficit and not include defense? >> more and more people are recognizing the threat to the overall economy the debt presents. >> we ran up this debt. what are we going to do to make sure it doesnt happen again? >> the debt is a problem that must be addressed sooner rather than later. >> what has changed between congressman mulvaney on the debt and budget director...

Deduction, high tax states. i used to be a californian. im ava van now. i know new york hates it. have you talked to your members? are they going to go along with this? >> its not finalized everywhere we go. lets first start with our premise. are we going to write 50 individuals tax for each state? well write a fair plan and end loopholes. what happens here is it fair that another state subsidizes the mismanagement of california. we know what happened in california with democrats. they dont have...

Since the mid 1980s because of the reagan tax cuts, but the deficit ballooned. do you think the presidents math makes sense here? >> it can. were abstracting one side of the equation. theres no talk about the spending problem in d.c. the thing i talked about from bernie to trump, the heartland says d.c. is out of control on the spending front. so the math can work. we can get to 4% growth. jfk was pro tax cut, he got 4%, 5% real growth. reagan got 4% 5% real growth. if you blow up spending with ...