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U.S. Sen. Bernie Sanders' 8hr and 38mn Speech on Obama's Deal With the GOP flaglerlive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from flaglerlive.com Daily Mail and Mail on Sunday newspapers.
Abstract: The Hiring Incentives to Restore Employment (HIRE) Act could be considered an excellent piece of legislation--if, that is, the goal of the legislation was to ensure massive Social Security deficits without creating a single new job.
it is not a solution for the long run. one of the things i wanted president trump to do instead of the huge spending thing was to have a payroll tax holiday. the same thing. i would have lasted a year, year and a half after the pandemic to get people back on their jobs, no, this is somewhat of the same type of thing but it is not a full solution. the big solution is go back to drilling. put in the pipelines, undo all the bad policies you do in the first six months of your being in office. that's the solution to this. this tax holiday thing is just a gimmick and it is a short run one but i would recommend he do that. >> harris: sounds like he is in desperate straits now if you suggest he do that. >> very desperate. >> harris: meaning the rest of us are, too. he will beg for oil in places like venezuela and cozy up to dictators, the same ones that wouldn't come to the summit he had with the countries in south america. it is too rich. it writes itself.
The Fiscal Timeline of CRFB's Fiscal Roadmap Project keeps track of key economic, financial and policy developments affecting the nation's fiscal future. 2011 March
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punching against his own fed chair more aggressively than he has in the past and then saying that this afternoon he's going to retaliate to china's retaliation on trade. >> you know, let's dial back to the beginning of the week, ali, if we might. i have to characterize it as a bit of a chaotic week for the white house in terms of economic policy. we began maybe i guess i'll call it with the greenland stimulus package which, seemingly, went nowhere. then there was discussion about whether there would be a tax cut, a payroll tax holiday of some sort. >> it was on the table. it was off the table. we need it, no, we don't need it, the economy is fine. and talk about maybe lowering or indexing capital gains taxes. and then we fast forward to this morning when the chinese announced that they are going to put a 10% tariffs on a lot of u.s. goods beginning september 1 to match the tariffs that the united states announced some weeks ago. this clearly inflamed the president. he didn't like it.
in 2011 barack obama worked with republican congress to pass a payroll tax holiday to put about a thousand dollars in the pockets of every american family, the average american family. the difference between now and then is obama has leverage because the bush tax cuts were expiring. he cut a deal with republicans to extend the bush tax cuts for everybody but the people at the very top and to do this payroll tax thing, trump has no such leverage with the democrats. nancy pelosi isn't going to pass a payroll tax cut and give them a economic stimulus going into the election. >> sandra: very interesting, talk about the economy and how exactly it looks. there are big questions coming from both sides, both sides are making strong cases. i want to go now to this talk about greenland. what do you make of all this? now the president said he won't go to denmark because they kind of sad, he can't be serious about this. should it be taken seriously?
improvements in growth. which most economists expect .3% improvement in gdp which, at the current rate, would push us towards 3%. you have to grow faster to keep this from adding to the debt over ten years. depending on welfare reform last year, there could be offsets. there are ways to reform entitlements without affecting individuals kurntsly receiving them. raising the retirement age for people my age who currently have a retirement age of 67, you can push that to 70 it doesn't really matter. you can push the retirement age a little bit beyond that for millennials. it would dramatically alter the math both for social security and medicare without having an impact on benefits. the real key here though i think, chris, is as was said earlier if you wanted to design a cut for the middle class, you would expand the earned income tax credit. you would give folks a payroll tax holiday because that's really the larger hit that most lower and middle income individuals take. this is really designed, as we said earlier, for corporations