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>> basically run the indicate the amount of time that tax cut was available. and later on they'd make it permanent. so i think they may try to do that a little earlier than anyone thought. >> but why would they do that? mitch mcconnell is out there talking about deficits all of the sudden. after a trillion dollar tax cut for rich and corporation, he says whoops, we've got a deficit problem, almost a trillion dollars a year. >> deficits don't really matter to them, unless it uses a cudgel to go after democrats when they're in power or as an opportunity to attack entitlements. >> and it gives th...

Straightforward, we've got this gigantic debt now. we have to cut social security, medicare and medicaid. folks, folks, they're being straight up about it. they're coming at it. this is what people desperately need and they've never been able to take away from us before. and i'm going to tell you something. if bill does not win and we don't take back the house and senate, they will take it away. >> that guy knows how to talk like a regular guy in the corner. he turns around and does this. thank you so much, state representative from montgomery county, pennsylvania, fourth congressional distric...

During his fairly short period of years, he's doubled our national debt. doubled it. >> so that's the record. it's all out in public. republican politicians insisting they'd address this deficit problem if they got power. and here's what happened. new numbers out today show the budget deficit exploding to $779 billion in 2018 under trump. that is a six-year high. what you see on your screen gives lie to every promise you just heard on your screen. so what do they say about it? well, mitch mcconnell was pressed and he claims the real problem now is something else. not the new tax cuts, but the ...

Economy is going to grow much faster than most people think. even the cbo gave us a 3% growth posting for 2018. my point is this, growth solves a lot of the deficit problem, but not all of it. for every one percentage point increase in real gdp, i don't want to get into the weeds, but every time gdp is economy goes 1%, that's worth $3.5 trillion in lower deficits. let's see how that works out and we'll see how the elections go. it's hard to forecast right now. >> martha: what's the impact of losing paul ryan on the midterms? you see all of these republicans jumping ship, i think there is 41 re...

No one forced the companies to go over and do business with china. a lot of the ceos, i know many of the financial institutions ceos were cheerleaders for china's autho regime. they woke up and realized their i thinintellectual property was stolen. >> paul: how do you ignore the chinese market? >> there are several large companies that didn't go there. i don't want to let them off the hook. >> paul: you had an arc of reform in china. it stopped. it's gone backwards. so -- >> there's an argument of trade deficit. people that don't understand how these numbers are put together, our former boss, ...