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to it 1.65 trillion dollar spending deal. that's the same top line spending number agreed to last year in bipartisan debt ceiling deal, but this deal happens to include a major win for republicans. the deal cuts 20 billion dollars from the irs over the next two fiscal years, republicans often insist that they care about the deficit but they are slashing the only government program that reduces the deficit. today, the irs announcing that it's collected more than $500 million in back taxes from tax delinquint millionaires so far, all thanks to president biden's inflation reduction act. but some republicans still aren't happy with the spending bill, with one texas republican saying that the motion to vacate the speaker is, quote, on the table. >> if he makes this deal that is not tough enough on the border and as you laid out, is his job in jeopardy? >> what i've said is that everything is on the table. that's the point of having, rules so that he can hold a body to account. nothing should be off the table. >> joining us now is democratic congresswoman becca balint of vermont. she's a member of the house budget committee.
second, the unvaxxed does not understand china. some of the biden folks, including biden himself and john kerry are apparently still committed to the old idea that a rising china is good for the world. of course, that is nonsense. russia has the gdp of $1.65 trillion, china's gdp is nearly $17 trillion and rising. the ccp has turned to the second-largest economy into a prison driven by the women of its president, president xi, and it is the greatest threat to peace and freedom on earth. so focusing on russia and neglecting china is a cataclysmic mistake. other biden supporters along with some of the warmongers and the republican party, you know who they are, claim if we don't for ukraine, we will encourage china to take taiwan. but nothing would make president xi happier than for the u.s. to waste money, troops, and equipment in eastern europe.
money, can't do it on his own. we're talking about money that has been borrowed, appropriated and spent by the congress. mcconnell's lie is being spread by other congressional republicans. >> the fact that the president is making unprecedented power grabs for the executive branch and now not only wants the authority to make laws through the rule-making process but wants the opportunity to borrow money in unlimited amounts anytime and anywhere he chooses. >> listen to this republican congressman misunderstand what a blank check is while saying the president has unilateral power over the debt ceiling? >> the president really asked for a blank check here. and when you're talking about $1.65 trillion annual deficits, we're not talking about small movement. it's very important. in fact, it's probably the most
on buying more of these things? >> well, the abrahm abrams tanks built somewhere that's politically important so that people from that state never want to turn it off, so that's built in ohio and somewhat in michigan which has a lot of important members in congress. they keep saying buy more and more. > >> john: russ, let's return to the big picture. they're talking about cuts if they happen. after the cuts spending will still grow over the next ten years by 1.65 trillion as opposed to 1.8 trillion. big deal. >> i think we're sending a signal to the world that we're not acting like grownups. we're not mature. we're not responsible, and i think.6 it would be great if in washington could take the lead and say it's time to act like a grown up. whenn you spend 3.8 trillion dollars, it's not so much whether you're recovering or borrowing. the mosty important thing i learned is what ares you spendig the money on? i don't think we get 3.8 trillion dollars worth of value from what we're currently
sounds like a lot of money until you look at budget which is $4 trillion and current budget deficit for this year is $1.65 trillion. so $70 billion is going to pay for beer and cigarettes. >> so it's actually hurts small business owners so taxing them would not help the unemployment rate zbloog brenda buttner, good to see you. catch her at 10:00 a.m. eastern time right here on the fox news channel. >> heather: have you heard about this story, one school district in nebraska is finding out the power of outrage across all the country. they have gotten thousands of angry e-mails over alleged treatment of a three and a half-year-old hunted are, she deaf. his parents say that teachers at his nebraska preschool asked him to change his sign language name because the sign language name
they on't see demand and concerned about the highest tax in the world. they are saying we are done and can't do more hiring. >> we are the only country in the world i say this every week with no energy plan. our job's plan is to go to companies who don't need to hire workers and say hire them. because you have cash on the balance sheet and the way we deflect you make an emotional argument you have lostt. the oil companies, you want to defend the oil companies oir hire teachers for the future of our country. oil companies four billion dollars. taxes, 1.65 trillion in debt. it is an emotional argument because you don't have the fact to back up the cases you are making. >> tracey? >> competition, more complicated the tax code and regulations and everyone is going to sit back and say we have no idea what is
tsunami, arab spring, job. maybe we should stop blaming the fact that he spends more than he takes in and he doesn't understand how to unleash the economic -- >> whoa, whoa, whoa! >> sean: four trillion in obama debt. >> before president obama became the president, when all we had were the bush policies, the congressional budget office said, we're going to have 1.3 trillion dollar a year deficits based on just how the economy is doing. that was without any policies from president obama >> sean: one trillion dollar stimulus. this year's deficit 1.-- >> sean over three years, come on! >> sean: way. this year's deficit is 1.65 trillion. >> and we're trying to get out of the worst downturn of our lifetimes. >> sean: for three years? >> yes. i'm out at this fed conference where there are all of these
tsunami, arab spring, job. maybe we should stop blaming the fact that he spends more than he takes in and he doesn't understand how to unleash the economic -- >> whoa, whoa, whoa! >> sean: four trillion in obama debt. >> before president obama became the president, when all we had were the bush policies, the congressional budget office said, we're going to have 1.3 trillion dollar a year deficits based on just how the economy is doing. that was without any policies from president obama >> sean: one trillion dollar stimulus. this year's deficit 1.-- >> sean over three years, come on! >> sean: way. this year's deficit is 1.65 trillion. >> and we're trying to get out of the worst downturn of our lifetimes. >> sean: for three years? >> yes. i'm out at this fed conference where there are all of these
one example that exemplifies everything. we were promised the most honest, open transparent administration in history. we see they cross the street and go to 1700 pennsylvania avenue and voila! no longer white house meeting and we don't know about it. the people who voted registered to vote for the first time voted for barack obama. believed the change he promised and it hadn't been delivered. that's why his numbers are falling. >> how is that relevant to the fact that standard & poor's got paid by the same products hose products they were rating -- [ talking over each other ] >> you are defending these rating agencies? >> sean: i'm looking objectively. we cannot survive as a country when we borrow 40 cents of every dollar we . unbarack obama take the worst year of the bush debt, 400 billion dollars, this year 1.65 trillion, four times, the biggest debt, the biggest accumulation, hang on we gotta
one example that exemplifies everything. we were promised the most honest, open transparent administration in history. we see they cross the street and go to 1700 pennsylvania avenue and voila! no longer white house meeting and we don't know about it. the people who voted registered to vote for the first time voted for barack obama. believed the change he promised and it hadn't been delivered. that's why his numbers are falling. >> how is that relevant to the fact that standard & poor's got paid by the same products hose products they were rating -- [ talking over each other ] >> you are defending these rating agencies? >> sean: i'm looking objectively. we cannot survive as a country when we borrow 40 cents of every dollar we . unbarack obama take the worst year of the bush debt, 400 billion dollars, this year 1.65 trillion, four times, the biggest debt, the biggest accumulation, hang on we gotta