Page 6 - Budget Problems News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The other big issue is taxes. we have high taxes for the midwest. as a result a lot of people are having trouble making ends meet. i aim to follow trump's example and pass on some of the trump tax cut windfall onto the voters of kansas as well as cut our high sales taxes. >> jon: you also have significant budget problems in kansas, don't you? how do you cut taxes and still pay the bills? >> great question, jon. in the prior administration they tried cutting taxes early on but didn't cut spending at all. my view is you can cut spending, believe it or not government can shrink. my agency shrunk ...

>> rana, steven may say they see green shoots. we haven't seen revolutionary growth since president trump has come into office. we have seen big stock market and it kept getting bigger. that's a trend. you get into the nitty-gritty. krugman may be wrong about a million things. he ain't wrong that it's only $200 billion they're putting up. it pulgts a lot on states that are getting hit with that s.a.l.t. problem, that you are saying to them you can't have as much money coming in, but now asking to have more money coming out to have the infrastructure plan. >> absolutely. i worry this is a magic...

>> well, i think that is obviously a question that needs to be addressed with regard to our readiness for dealing with any contingency in north korea. look, we are a strong and powerful nation, but we have had serious budget problems in this country, it has impacted on the readiness of our force and so there are legitimate steps that have to be taken here to improve the training, the maintenance, our ability to be able to react to any kind of danger from north korea. i think one of the problems, frankly, is that we talk about a missile shield to protect our country, but the reality is that the...

>> you said our fiscal and foreign policy are on a collision course and we are choosing to climb as a world power. this is a $1.5 trillion tax cut. i understand dynamic scoring and i understand that recent history does not bear that out. >> recent history has not shown the tax cut like this. this gets increased revenues. we are in the middle area of what this is going to produce. we are convinced this will give us faster economic growth and bigger paychecks. you are right. by those words, we have serious foreign policy problems and serious budget problems. we also have an economic growth probl...

Puerto rico was adding to our -- our budget problems and then he said on fox news that he -- he was advocating for wiping out puerto rico's debt. listen to this. >> well, we're going to work something out. we have to look at their whole debt structure. you know, they owe a lot of money to your friends on wall street and we're going to have to wipe that out. that's going to have to be -- you can say good-bye to that. i don't know if it's goldman sachs but whoever it is, you have to wave good-bye to that. the debt was massive on the island. >> so that's really something. $74 billion in debt the ...