next fiscal year. the price tag expected to be 6 trillion. the highest sustained federal spending since world war ii and dramatically transform the fabric of america. administration looking to pay for it with tax hikes. it would run a deficit of 1.8 trillion dollars. dana: that s a lot of money. bill: a billion used to be a lot of money. no more. dana: we need to note something about the timing of this announcement. you could announce a budget any time. they chose friday before memorial day weekend to announce a big budget. to me that s when you dump bad news. i think the 1.8 trillion deficit number is one of the reasons. not great news and they were trying to bury it. this is a proposal. not necessarily happening. a long process. it is a visionary document. republicans can be expected to attack it and the deficit number is one of the reasons. bill: newt gingrich coming
Transcripts for CNN The Situation Room With Wolf Blitzer 20201014 21:32:15
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that s what you can do here. the culture wars matter. i thought republicans were the party of our culture. when a guy says 15, 16-year-old girls should be married. then don t watch the show and don t buy the guns. this is the country we live in. if you don t like it, turn off the television. there is a large segment of the population, 46 million, that contribute 1.8 trillion dollars to retail every year. isn t it illegal to date young girls? i hear that. he s not doing it. not breaking the law. he s stating his opinion. he s not a political figure. let s leave it there. coming up next on hannity. how do we get the young and healthy. i made my kids sign up. i said this is your patriotic
that s what you can do here. the culture wars matter. i thought republicans were the party of our culture. when a guy says 15, 16-year-old girls should be married. then don t watch the show and don t buy the guns. this is the country we live in. if you don t like it, turn off the television. there is a large segment of the population, 46 million, that contribute 1.8 trillion dollars to retail every year. isn t it illegal to date young girls? i hear that. he s not doing it. not breaking the law. he s stating his opinion. he s not a political figure. let s leave it there. coming up next on hannity. how do we get the young and healthy. i made my kids sign up. i said this is your patriotic
get these people together. you re the answer to gridlock. is that it? more parties. more birthdays! wow. i don t know if i can survive that. let s get to the news this morning. we are getting a closer look at president obama s budget proposal. the blueprint will reduce the deficit by 1.8 trillion dollars and it calls for 580 billion dollars in new revenue by closing loopholes. qle implementing the so-called buff rhett rule and the plan continues reductions payments for social security benefits. the president s plan continues to draw outrage from several progressive groups. yesterday, independent senator bernie sanders joined at least 13 groups to oppose the
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