Transcripts for MSNBC MSNBC Live With Ali Velshi 20191008 19

MSNBC MSNBC Live With Ali Velshi October 8, 2019 19:59:00

education, you borrow money. found $556 billion of the deficit, 58% of it can be traced to recent bills including the 2015 tax extenders. the doc fix. the 2017 tax law. that's the part in blue there. and the bipartisan budget act of 2018. so this is an incidental. this isn't the president saying, hey, we had some kind of weird economic downturn. this is deliberate. >> this is self-imposed. this is really fiscal self-sabotage. that's what's happening and on both sides of the budget. so we have a -- he had a huge tax cut that put nearly $2 trillion more to the debt. it's a big chunk of what's adding to the deficit this year, alone. and we followed that with two massive spending increases. again, both of what the president signed when he said he wasn't going to be growing spending nearly as much as he was there. this is self-imposed. it does make sense to borrow when you have an economic

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