repeatedly the past couple days and keep in mind what it would entail. you d have to have a roll call vote in the house and senate and get that through. practically have some promises signed in blood by both sides that this is what is going to be in the deal, just give us more time. that s a problem. this is where kevin mccarthy said they have to deal with this right now. we don t know the deadline will be june 1. janet yellen indicated she would come back with more information on the deadline next week. neil: chad, its interesting both sides are talking about and bragging about in their separate plans, the president s plan and republicans with their plan shaving trillions off of the collective debt over the next ten years. when the fact of the matter is, when all is said and done even on the republican plan in ten years, we ll have $15 trillion more in debt under the democratic plan, the white house plan, about 16 trillion. this at a time when what we owe
no more trillions. lawrence: thank you for joining me. hi, rachel, you just popped up on the screen. rachel: back in 2016, i remember shawn giving speech complaining about 16 trillion of debt, it is now over 30 6789 lawrence: my generation will be paying for this. rachel: absolutely. thank you, lawrence, great job. horses may be the main attraction, food and drink could rival, the mint julep could set you back a cool $1000. janice dean and woodford reserve ma master disstiller joins us live from churchill downs. janice dean this is a fancy drink with a fancy price tag.
not a goal that needs to happen we need to make sure our debt is not going faster than our economy. to balance the budget would take 16 trillion in savings into stabilizer debt where this would take half of that. there is not enough on revenues and high-end people to do either of those alone, certainly not if you want to pay for all sorts of new deals, infrastructure, daycare, healthcare, all the things out of the biden administration. taxes can be a part of the solution and should be part of the solution but they can be close to all of it. on the right, there is no chance that we are able to balance the budget. $16 trillion in savings to get to the balanced budget is so far and above beyond anything that we ve done in terms of savings for the last time we save something in the hundreds of billions of dollars and the last time a decade ago we saved a couple of trillions of dollars and we did not stick with it. small first steps, the package that the speaker is talking about for 5 trill
against donald trump than any of the democrats because i can hold him accountable for the worst thing that he did, which is the lockdowns. the lockdowns were absolutely catastrophic. the lockdowns we now know the countries that have less lockdowns and the states, you could put them side by side and those are the countries, sweden, for example, was the only country in europe that didn t do lockdowns and had the lowest death rate in europe. we were we led the world in lockdowns and we had the highest death rate from covid in the world. worst of all is what it did to the economy. caused $16 trillion according to larry summers report, the imf report, the half vard re harvard report. and shifted four trillion of welt, and created 500 new billionaires, and the report that i am ka out this week shows that the billionaires that existed at the beginning
yeah, yeah. as we lose the country. no, no big. los you all right, charlie?all ri gh victor, thank you.ou. the last 20 years, the u.s. had a gdp shortfall of 16 trillion dollars due to discrimination againso t black americans. o ciy that s according to citibank. that was susan rice et. al sharpton. national action networkd yo conference that we played the last week. now, her citatio wn of citibanka was very interesting since according to emails from wiki links, an executive there wasli responsiblane for her post we we and the obama white house. so wed te are not shocked to her language like this from a current citibank exe c justlved a few days back . we have to win this war. we have to get this resolved. re i think that there is theree is desire to put private capital . we nee d the we need the enabling capital . now, in order to mobilizewe the size of private capital that we need, we need