Deficit Costs News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Broad swath of estimates because of this large cut in the corporate rate. now one of the score keepers, the joint kplee on taxation, did what's called a dynamic score which they factored in growths. which is somewhat kosher thing to do and they told us it's going to add a trillion dollars to the deficit. so i think that's extremely problematic especially when we already have republicans going around saying, well, we are certainly going to have to cut spending, social security, medicaid, safety net programs, to offset these higher deficit costs. well, they are the ones responsible for the highe...

Immediate collapse. prolonged delays could hurt the u.s. credit rating and further increase deficit costs into the billions. >> seems like the legislative priorities are not so much about let's fix the debt, fix the deficit, control spending but really just to continue spending, continue to add to the debt and deficit. >> bret: if our creditors ever lose confidence and our ability to pay back our debt, interest rates could shoot up dramatically. >> that would be disastrous for anybody who has ordinary kinds of debt, mortgage, car debt, consumer loans, and for businesses that want to invest. it...

I think carl put it right before we broke away, a lot of this is going to come down to can trump and the administration hold votes in the u.s. senate within its own party and within the house, and i think -- on obamacare, for sure, he's going to have to do with just republicans. i'm not sure even that they could find agreement among that system of caucus there. when you get to other things, like the spending, the deficit costs, they are not going to go for this spending, with any kind of component to the public or private part. i think this is really going to be a problem. i don't think he has...

We eat. what if something bigger is going on to, again, dwarf whatever progress you make on the tax cut front? >>guest: there is something bigger going on, government policies across the board, just look at the ethanol subsidies driving up the provides offed for, and it is government involvement in every area of our lives, it is destructive and we are pushing back and we have to keep pushing back at the edge of this, it is in the allow slowing down but putting things in reverse. >>neil: what is interesting, i have heard other tea partyers and you are like the big one, saying, look, and i mean ...

Prolonged delays could hurt the u.s. credit rating and further increase deficit costs into the billions. >> seems like the legislative priorities are not so much about let's fix the debt, fix the deficit, control spending but really just to continue spending, continue todd to the debt and deficit. >> bret: if our creditors ever lose confidence and our ability to pay back our debt, interest rates could shoot up dramatically. >> that would be disastrous for anybody who has ordinary kinds of debt, mortgage, car debt, consumer loans, and for businesses that want to invest. it could be -- could pre...