Page 28 - Deficit Hawk News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Thing happened under reagan where he cut taxes and the economy took off. jimmy carter -- >> fact check, reagan raised taxes four separate times. >> you said he cut too much? >> no you to figure out to mechanics that. the reason he raised taxes four separate times because of lack of revenue coming in. second, you asked me a question. what programs would i cut. i gather you are a big deficit hawk? >> indeed. >> and that's why you are supporting legislation that would increase the national debt by $1.5 trillion over ten years. but above and beyond that you asked me a fair question. okay, what pro...

Mick mulvaney used to be a deficit hawk and this is not kind to the deficit. how far do you feel about that. >> nothing could be further from the truth. my concern for the deficits is what drives all of this. you will never balance the budget in this country again at 1.8% or less growth. it's just not going to happen. we have appetite in this country for certain level of government. it's been clear to me now we are not going to fix that through spending alone. we can fix it through slowing the rate of government. but growing the size of the economy. it's that economic growth of healthy america...

It, but still the true fact remains is, they still don't know how to get there yet. >> yep, big problem for them. sunl sunlen serfaty reporting for us. congressman, you heard the president say today that democrats have terrible policy, they're bad politicians but they are good at one thing, obstruction. where do you think democrats potentially can work together with president trump? s? >> i'm going to start in a slightly different place. the reason the repeal and then replace didn't go anywhere and the reason that the taxes are not going to go anywhere is that they are terrible public polici...

>> $1.5 trillion, you're willing to see it go up $1.5 trillion? >> if you're 30 years old -- >> when you were in congress, you wouldn't accept that. >> if you're 30 years old and watching this program, wolf, you've never lived and worked in this country with a healthy economy. it's a tremendous wealth creating machine for the rich, the middle class and the poor alike. we will do everything we can to get back to that. if that means taking short-term increases in deficits, yes? >> you're willing to go along with it. a lot of republicans in the house and senate say they want tax cuts but they wan...

You were a deficit hawk. the congressional budget office now estimating if these proposed tax cuts, the tax reform that the president is putting forward go up, it could increase the deficit by trillions, trillions of dollars. are you ready to accept that? >> i'm not familiar with that. i've seen the report from the tax policy center. i didn't realize the cbo scored the this yet. >> they haven't yet but there is a preliminarily effort that it could be trillions of dollars. >> their job is to score proposed legislation. there hasn't been any proposed legislation. keep in mind, the senate instruc...