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

[ overlapping speakers ] >> i responded to the deficit, which both parties are to blame. as an american, i'm not happy about it. we need to stop with the overspending and with the swamp in washington. that's who is to blame for this. this didn't happen under just president trump or president obama. this has been going on for a long time. they've been taking our money and spending it. >> let me get jason in on the facts. the deficit growth up to $700 billion, is under trump, and a republican congress. that's the increase since they took over. jason, go ahead. >> yeah. and the deficit doesn't he...

Would imagine that if both houses go the republican gop way that like the tax cuts we'd actually get more juice in the markets. >> okay, the only good thing of having that kind of situation is the big spending initiatives the things that lead to deficit growth happen when everybody is in charge so you get obamacare when there's one party charge, you get medicare part d under bush, you get the defense spending that just went up so you won't get major initiatives in it the market is starting to worry. neil: that's a good point if you have a full run of the table, deficits increase. >> there's no...

Committee as you heard and we started that process last week. this week it's coming to the budget. i'm looking for the cbo score. i said publicly i would not be voting without the cbo score. i want to get it before we have to vote on it in the budget. >> and what are the baselines for you in that cbo score? does it have to cover the same amount of people, more people, what if it adds to the deficit. what will cause to you potentially say no to this bill? >> the real issue i have, obamacare is not working and we're spending way too much money in washington. sitting on the budget committee i see...

Nancy pelosi said boehner "wants to go over the edge." the "new york times" congressional correspondent said boehner is a chris i can habit he can't kick. the premise is last year's debt ceiling battle triggered by republicans pushed the government close to defaulting on interest payments and thereby caused downgrade in america's credit rating. that tremendous is almost entirely false. even if the tet ceiling had not been raised and the government had been forced to stop borrowing, tax revenues would still be enough to cover 60% of the budget. since interest payments account for 6% of the budg...

Chunk of our structural budget deficit. take a look at this chart. it shows the deficit growth over the next ten years. and the red stripe shows just how much those bush tax cuts add to the deficit. well, those tax cuts are due to expire at the end of the year. were the tax cuts to expire, the budget deficit would instantly shrink by about 30%, or more than $300 billion. but republicans are now adamantly opposed to any expiration of the bush tax cuts because they say that would weaken the economy. but wait a minute. they have been arguing for the last year that what's weakening the economy mos...