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To, all i'm saying the president from day one has followed sound economic policies and the growth effects are kicking in again, at the risk of being -- 2018, the big story, not -- not phoney editorials in "the new york times", i'm sorry, it's an economic boom and the recovery of the united states and that includes the recovery of the middle class. david: let me ask about one thing that some critics are harp harping on about the labor force participation, does that bother you? >> no, has room to rise and we are keeping an eye on that. david: why do you think it went down? >> on a month-to-month...

Can get into that if you care to, all i'm saying the president from day one has followed sound economic policies and the growth effects are kicking in again, at the risk of being -- 2018, the big story, not -- not phoney editorials in "the new york times", i'm sorry, it's an economic boom and the recovery of the united states and that includes the recovery of the middle class. david: let me ask about one thing that some critics are harp harping on about the labor force participation, does that bother you? >> no, has room to rise and we are keeping an eye on that. david: why do you think it wen...

Talking about but the growth effects of the child credit aren't enormous. they're good for distributional purposes but that's not a growth policy. but the corporate tax cut could welcome close to paying for itself. i think that the bottom line, though, is if we get growth in the 3% range over the next decade as compared to the 2% that we've had, there's going to be so much revenue that the extra difficueficit will be dwa- >> that $1.5 trillion. >> will be dwarfed by the revenue from growth. >> so the treasury secretary, steve mnuchin, as you know has been saying for months that this bill will ...

Expire. >> if you don't assume, the debt hole will be bigger? >> i think that's a strong argument. i would say you're looking at about $1.5 trillion over the decade, even with growth effects. because be honest, they're not going to expire. congress is going to extend them and that will raise the cost over the long term. >> that's going to get some conservatives unhappy. because there are, i think, maybe you know them. i can't seem to find them. there are actually deficit hawks around. >> their concerns are legitimate. put in context, the baseline is $10 trillion raising the deficit to $11.5 tr...

Course, who because it's -- they control the congress, they are going to come out probably today with what they call a dynamic estimate of the growth effects of this bill. >> but, john -- >> hold on, stephanie. let me just finish the point. let me finish the point. if, in fact, they show as other centrist modelers have shown that the bill doesn't generate very much growth and doesn't generate very much revenue, that is going to make it a more difficult vote for people like jeff flake and bob corker and jim langford and jerry moran who say they are concerned about the budget deficit. so watch t...