but what do you make of the facts those were bonuses and not base pay increases. the fact that they are bonuses and not base pay increases is something we ll keep a close eye on. it is pretty common, there is a big economic literature as thinking of wages being rigid, once i pay you $50,000 if i pay you $49,000 thern you then you view it as a pay cut and employers are weary to cut wages and that includes bonuses. so we think the bonus is setting a new level of wages, a level rigid downward this year and into next year. so we expect the wage increases right now will be permanent and that will be bolstered i think by the fact there is so much capital formation. and we are talking about the wages, the capital formation is through the roof. something like 190 billion from form from firms since the tax cut and that is why the tax bill is so popular.
be crystal clear. you re saying that omarosa was not fired on tuesday evening, that she didn t get belligerent in her conversation with general kelly, wasn t yelling at him, wasn t cursing at him and wasn t escorted off the property, secret service said not by them but she was escorted off the property by someone or some entity other than secret service? omarosa resigned from her position. i m not going to go into a detailed process any further than that. we ve put out a statement as is standard practice. we re not going to get into the weeds of a personnel decision. access to the white house in an interview this morning kellyanne conway said she and other administration officials have been urging congress to appropriate additional funding for the opioid epidemic. the president declared a public health emergency this fall but that fund only has $57,000 in it. economists have predicted it will cost upwards of $190 billion over a decade to treat the crisis. can you tell us how mu
you are saying that omarosa was not fired on tuesday evening. she did not get belligerent and her conversation with a general, she was not yelling at him, cursing at him, and she was not escorted off the property? she was not escorted off the property by someone or some entity? secretary sanders: look at, as i said, omarosa resigned from her position. i am not going to go into a detailed process any further than that. we put out a statement, as is standard practice. we are not going to get into the weeds of a personal decision. kellyanne conway said that she and other administration officials are looking for additional funds for the opioid epidemic. that fund only has $57,000 in it. congress has predicted that it will cost upwards of $190 billion to treat the crisi crisis. what do you have to say to
reform, it makes thing potentially even more hazardous for republicans. and jared, it is about the math. the $338 million or billion dollars. i can t forget i wish we were talking millions. a lot of people do. a billion dollars we are talking about. that is needed for the equation to stay in this $1.5 trillion addition to the deficit? no question. and in fact, they are trying to balance this plan on the back of 13 fewer 13 million fewer people with health coverage and i agree with lonnie s characterization up to a point. but one of the biggest contributors $338 billion of spending cuts is people who will no longer be on medicaid. now how does that work? well it turns out that when you have an individual mandate in place, people find out about the medicaid program and they get into it. you take it away and they won t. and as i said, this is about $190 billion of those savings and so again, it is not like you are taking away it is not
neil: teaming up with st. martin s episcopal church in houston, to have been a concert for hurricane harvey relief to the man behind that event. he is an amazing speaker as wel well. they are from st. martin s episcopal church. very good to happy. good to see you again. how are you? neil: i m fine. a lot of people seem to think harvey was a long time ago, i m sure they re all back up. getting back to work in getting back to their lives. it s not that simple is it? it s not. as you know, it was the largest and costliest natural disaster in american history. $190 billion worth of damage. that s about 1% of the daily output of the economy in the u.s. huge impact. all of our roads and highways were impacted.