Page 7 - 690 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Inflation and i think that this can and i believe it will work and secondly we can never deal with the deficit with a weak economy. if we are going to have a european economy, we are going to have european debt and we are going to have european taxes and also, remember, obama raised taxes on high-income individuals, he was going to get 690 billion of taxes, well, what happened? what happened was we ended up with slow growth and so we lost $3.2 trillion in revenues. paul: and with faster grow to 2% to 3% we will get a lot more of that back. thank you, senator for being here. >> oh, thank you, p...

Inflation and index tax code inflation and i think that this can and i believe it will work and secondly we can never deal with the deficit with a weak economy. if we are going to have a european economy, we are going to have european debt and we are going to have european taxes and also, remember, obama raised taxes on high-income individuals, he was going to get 690 billion of taxes, well, what happened? what happened was we ended up with slow growth and so we lost $3.2 trillion in revenues. paul: and with faster grow to 2% to 3% we will get a lot more of that back. thank you, senator for be...

Get older, they get sicker and incur more costs. >> the amount of resources already committed to public insurance is very, very high and growing. and as the population ages and your more people going into medicare and medicaid, we are on the verge of a cost explosion for the federal government. >> it's not just medicaid, estimated 574 billion in 2016 or medicare, 690 billion. social security ranked highest among entitlements at 910 billion. in the future, medicare faces close to $50 trillion in unfunded liabilities. that doesn't factor in the threat of rising interest rates. >> under current p...

Incur more costs. >> the amount of resources already committed to public insurance is very, very high and growing. and as the population ages and your more people going into medicare and medicaid, we are on the verge of a cost explosion for the federal government. >> it's not just medicaid, estimated 574 billion in 2016 or medicare, 690 billion. social security ranked highest among entitlements at 910 billion. in the future, medicare faces close to $50 trillion in unfunded liabilities. that doesn't factor in the threat of rising interest rates. >> under current projections given very low inter...

And eight new navy ships that were already on the drawing board. >> you're saying the president shan't necessarily offering anything new? >> not much. it's a modest increase but factually it's only about a 3% increase and over the last several years under past administrations, those kinds of increases had been planned in the budget and many in congress, primary the republicans, say this is not enough to rebuild the military to the point where the new administration wants it. and even anywhere close. >> what would on it take to rebuild what we need? >> well, a lot more than mr. trump is promisi...