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The Congressional Budget Office rudely interrupted the presidential campaign this week by releasing its 10-year budget outlook. Neither Joe Biden nor Donald Tru
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The Congressional Budget Office rudely interrupted the presidential campaign this week by releasing its 10-year budget outlook. Neither Joe Biden nor Donald Tru
It being some knee deep numbers here. let's get into it, though. you look at the budget proposal and you heard the acting director saying we have a spending problem in washington does this budget tackle that problem? >> the budget absolutely does tackle the spending problem. i think in the end the budget deficit problem is one that will depend on growth. last year all the critics were saying there is no way donald trump delivers 3% growth and growth last year was 3.1% exactly what we said. even below the top number and the details everything was about exactly what we said. we say we'll have an...
Maria: i want to ask you about your timeline because we know or at least the public understands that you can't move forward on things like tax reform and some of the other priorities on the agenda without getting this done. so this really takes on that much more importance and tomorrow we will hear from the cbo in terms of its analysis. i want to get your take on that because people want to understand how significant you can get the costs down. i'm being told that the affordable care act, obamacare in general costs a trillion dollars more than the original cbo forecast, is that true? >> it is ...
Show everybody you're not just saying that? >> there is a theory called rational expectations. people look forward into the future and they behave rationally based on what they see. if you see government expenses ran at 18 to 20% historically, if you look at the cbo forecast, runs up to 24% over the next five years -- the next 25 years, i don't think anybody looks at that and says, unless we do something differently and make some very thoughtful and careful changes, that that's a great business environment. when you see the president fighting to avoid any changes, the current president, i thin...