Page 24 - Deficit Hawk News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Which is to bring the debt down. 37 out of 38 economists to talked to the washington post said the republican tax plan would grow the debt and the 38th person misread the question. how do conservatives and deficit hawks defend this? >> i'm glad you put it that way. there is a difference between a deficit hawk and a deficit chicken hawk or turkey hawk given the seasonal factor today. these folks are not truly deficit hawks. just like trump is a faux populist, they're faux hawks. they want to use it to oppose ideas barack obama put forth, but thaey don't really care abot the debt or they could b...

The tax policy had a look and said it will add $1 billion or more down the road. is that a loss? is he one of the two? >> i wouldn't be surprised if some of these folks including corker suddenly had amnesia about their deficit hawk past. you have seen it where so many republican members are just saying it doesn't matter anymore. we will see. i think it's going to be -- i think it will be hard for republicans to say no to the tax bill at any cost. >> i asked senator corker about this and senator langeford, another deficit hawk and they say they are willing to accept reasonable levels of growth ...

Families? >> i think it will be a boon for the middle class. the family deduction is going to double from 1000 to 2000. that is a huge boon for the middle class. i also think cutting the corporate tax to 20% will put more money into the economy and will allow businesses to hire more individuals and give individuals pay raises. i think it will be a boon for the entire economy which is good for everybody all the way down the line. >> anybody who's a fiscal conservative or a deficit hawk understands you cannot cut taxes and not also cut spending. this voodoo economics, simply click do not work ou...

Takes in. if you keep your economy tight you do a better job. are there fiscal conservatives in america any it more? i hear about them only when republicans want to spend money, and when democrats want a deficit, i don't hear about it. >> right. well the first thing, go back to economics like you and i often do, ali, that in present value, look at the whole history of government from now up into the future, whatever we spend we have to pay for. one way or another. spend more than we raise in revenue we have to raise taxes in the future or cut spending in the future. that's absolutely true. the...

Astronomical. they have absolutely no intention of paying for it. it will be a deficit. >> if you're a deficit hawk, you should not support this bill. the republican party seems to be most concerned about it when a democrat is in the white house. to the extent ron johnson can put the focus on small business or help do that. look, global corporations don't need tax relief nearly as much as small businesses. they deserve the relief. >> and you have to take into consideration this idea of trickle down. there are questions about whether this works, whether it leads to sustained growth. the engines...