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Factual deficiencies in the discussion with the congressman. it's important to understand that $882 billion in reductions in medicaid spending, 85% of that comes from the phase-out of obamacare's expansion of medicaid. it doesn't touch the traditional medicaid. there are reforms as well. we can get to that. the majority of that dollar figure is the phase-out of the aca's expansion of medicaid which is replaced in this senate bill with robust refundable advanceable tax credits that are structured similarly to the affordable care act's exchanges. pretty much the same kind of mechanism to deliver...

But by then, mitch mcconnell will have passed his bill, right? >> i think there were a lot of factual deficiencies in the discussion with the congressman. it's important to understand that $882 billion in reductions in medicaid spending, 85% of that comes from the phase-out of obamacare's expansion of medicaid. it doesn't touch the traditional medicaid. there are reforms as well. we can get to that. but the vast majority of that dollar figure is the phase-out of the aca's expansion of medicaid which is replaced in this senate bill, with robust refundable advanceable tax credits that are struct...

Burning through cash at the treasury like drunk een sailors. the treasury has no idea what's happening in his own joint. in the trump administration, they burned through $294 billion in cash. they started with $382 billion. it's down to $88 billion and dropping by the day. the rate they lost cash year between march and early june, they will be out of cash by memorial day. there's no reason to believe that will be any different this year -- >> neil: raise the debt ceiling. >> there's no pathway to a majority in the congress that soon. they have declared war on the democrats. i guess they deserv...

Tax cuts -- >> he's got guys around him. he understands mnuchin, who understands business, rex tillerson, who understands business, wilbur ross there, a governor as his vice president who's had to deal with a budget. he's got paul ryan who i sophisticated in his budget thinking. someone has to be telling him what you're telling me. >> if they are he's not listening because he tweeted the debt is down $12 billion in his first month. the truth is the net debt is up $187 billion in the first 35 days. $187 billion in the first 35 days and he doesn't even know it. why? because they didn't tell him ...

$82 billion with of goods in 2013. and had a huge trade surplus. according to the u.s. trade representative, that accounted for one eighth of a country's exports. farmers say they will be hit hard by the rejection of tpp. japan, for example, has huge tariffs on beef, oranges, and potatoes to name a few. some studies predicted that u.s. exports could climb 9% under the tpp. now there is worry that china will peel off much of their foreign market share. >> we don't want them to be the leaders and what we are doing. we want to stay the leader on the forefront of shipping to japan, taiwan, all ove...