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They are spending their money, including the department of defense. do you remember the $400 hammers and other misspending, or overspending? i don't think any part of the federal government should be immune from that kind of scrutiny. when i was at hud, that was certainly a concern for us, to make sure that we were trying to spend money in a responsible wa way. if there was a program or initiative putting resources into, one of the things was trying to measure how effective that measure was. if i'm president, i would support that. being as thoughtful as those things on the spending side and th...

Nobody wants to tell their supporters -- >> there's adults in washington? >> yeah, i mean -- >> i've given up. >> douglas is making a very important point. you ultimately need growth to balance budgets. that was the magic of the clinton period. you have the deficit down by growing. how do you grow, particularly at the end of an economic cycle? recovery cycles tend to last about a decade. we're over ten years into this one. the trump administration will say, hey, we said we'd get higher growth last year and did. they still didn't meet their target. that was because of the sugar high of this tax...

Responsibility. trying to now it's the opposite. why? catherine rampell, three questions. help me. you're the one with the intelligence on this. 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's snake oil, still not working. but it's not only on the tax cuts. it's also on the spending side. so we had this grand bargain th...

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...

Trillion. this has risen in less than a year and that's because of the tax cuts. economists say this is a troubling trend. they say this could have far-reaching consequences for the future. when you look that the, are you worried? >> absolutely. that's why i'm a proud, fiscal conservative. i voted against the budget deal because i do not believe increasing spending -- it will only exacerbate this problem. the bottom line is blaming it all on tax reform, let's be truthful about the revenues and revenues have gone up as a result of the growth that tax cuts have put into place in the american eco...