Budget Doesnt Do News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The president recommends a cut in nonmilitary spending that would lower the federal budget deficit by $3 trillion over ten years, and then $200 billion in federal funds for 1.5 2kz trillion for infrastructure investments over the next ten years. a very different budget than previous republican budget. what do you make of it? >> well, i think the cuts that they're touting are just sort of spending increases at a little bit of a lower rate. at the end of the day, this budget still does spike the deficit, raises debt as a percentage of gdp. it's because we're basically making cuts to discretionar...

That means spending whereas if you're saving the money, why turn around and spend it and we'll ultimately spend more than we're saving. >> this will cut the deficit that the president inherited in half. it will take it from 10% of the economy down to 3% of the economy. that's a huge amount of deficit reduction. it is the most deficit reduction we've ever achieved in history. >> right. >> and i think that it's important to focus on the fact that we've agreed, there's a consensus that we need to tighten our belts and reduce spending. we also need to reduce the deficit because that's the way we g...