cuts that caused a bill deficit. during the two wars that were raging and the tax cuts fully in place in 2007, president bush had a $161 billion deficit about a 10th what have it will be this year. so we know that tax cuts, all things being equal don t cause a reduction in rev new and will cause an increase. our problem is spending. obama is addicted to spending. he knows nothing else. $5 trillion he has added and $6 trillion by the end of the year. the 10-year budget is a trillion-plus a year in extra spending. he is refusing to put his foot off the gas pedal and taking us over the cliff to financial bankruptcy. same thing with reforms. and he not only wouldn t adopt the bipartisan deficit commission s recommendations, he wouldn t even meet with him. like he doesn t meet with the jobs council, like he has no ceos in his cabinet.
cuts that caused a bill deficit. during the two wars that were raging and the tax cuts fully in place in 2007, president bush had a $161 billion deficit about a 10th what have it will be this year. so we know that tax cuts, all things being equal don t cause a reduction in rev new and will cause an increase. our problem is spending. obama is addicted to spending. he knows nothing else. $5 trillion he has added and $6 trillion by the end of the year. the 10-year budget is a trillion-plus a year in extra spending. he is refusing to put his foot off the gas pedal and taking us over the cliff to financial bankruptcy. same thing with reforms. and he not only wouldn t adopt the bipartisan deficit commission s recommendations, he wouldn t even meet with him. like he doesn t meet with the jobs council, like he has no ceos in his cabinet.
remember that, tied to the train track, helpless, her only hope is that she s rescued before she is flattened, destroyed, ripped to bits, like a penny on the train track. makes me think of the aflac ad. the government added another $60 billion to the deficit in june. so the grand total on money that we ve borrowed so far this fiscal year is $904 billion. the real headline, though, is that that number confirmed that we are on solid track to hit a $1 trillion deficit for the fourth year in a row. well, the sky high numbers start to blur in this country. it s trillions here and trillions there and hundreds of trillions. it gets confusing. tonight actually there s a really frighteningly easy way to put that $1 trillion in perspective. so to give you just a sense of how much money we re burning through that we do not have, remember the $1.2 trillion in automatic cuts that coming at the end of the year? the so-called sequester cuts that republicans and democrats alike say will kill
the plane land asked the passengers were taken off. a bomb squad is spongd and a delta technician has been called in to try to figure out whether the wiring is indeed suspicious. we don t know how many passengers were on board the flight but it did land safely. all right. and at this point in time, not to put you on the spot. do we know who did this? it is unclear at this time. there is some conflicting information about that. so at this time they are saying it was discovered until we get further information about that. all right. and the situation at jfk right now. is it open? still operational? what can you tell us about that? yes. as far as we know, the operation, the airport is operating normally. they are trying to figure out exactly what happened involving this incident as they try to figure out whether that wiring is indeed suspicious or is not. and by all accounts, the bomb squad, were they waiting when the plane landed at 9:30 p.m. eastern? do we know, i gu
burnett. a damsel in distress. remember that, tied to the train track, helpless, her only hope is that she s rescued before she is flattened, destroyed, ripped to bits, like a penny on the train track. makes me think of the aflac ad. the government added another $60 billion to the deficit in june. so the grand total on money that we ve borrowed so far this fiscal year is $904 billion. the real headline, though, is that that number confirmed that we are on solid track to hit a $1 trillion deficit for the fourth year in a row. well, the sky high numbers start to blur in this country. it s trillions here and trillions there and hundreds of trillions. it gets confusing. tonight actually there s a really frighteningly easy way to put that $1 trillion in perspective. so to give you just a sense of how much money we re burning through that we do not have, remember the $1.2 trillion in automatic cuts th s thas that c the end of the year? the so-called sequester cuts that republicans