Detailed text transcripts for TV channel - CNN - 20190306:03:50:00
Often you think fiscal responsibility. trying to keep things small. now kwliit's the opposite. why? katherine, three questions. first four months fiscal year '19, federal deficit, $310 billion, up $176 billion year over year. why? >> there are a few things going on. one, of course, as you mentioned is the tax cut. despite what was promised, the tax cuts sadly did not pay for themselves. wouldn't you know, we cut taxes and tax revenues fell. so that snake oil still not working. not only the tax cuts. it's also on the spending side. so we had this grand bargain that democrats and republic b cans...
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