budget will be balanced by 2035. the accumulation makes up the national debt which the treasury department says stands at 23 1/4 trillion dollars, that s just over $3 trillion more than it was when president trump took office in 2017. the president has promised not to touch social security, medicare, and other safety net programs such as food stamps is medicaid which make up the largest proportion of the federal budget but he wants to cut $130 billion from medicare through changes in prescription drug pricing. $292 billion from food stamps and medicaid through work requirements for recipients and $70 billion from tightening eligibility access to disability benefits. now, the institute on taxation and economic policy estimates that the richest 5% of taxpayers will receive $145 billion in benefits from tax cuts in 2020. according to the agriculture department, the total cost of food stamp benefits in 2019 was
Transcripts for MSNBC MSNBC Live With Ali Velshi 20200210 20:30:15
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because of innovation and technology. what we ought to be focused upon his exporting what we know to places around the globe like china and india and helping them reduce co2 emissions as opposed to spending targets in paris. the targets set in paris but the reduction in greenhouse gases, the previous administration, every action he took still fell 40% short of the targets. it was a failed deal to begin with and we were spinning $292 billion on one rule, the clean power plant. bret: there are people who look at this and say it didn t have teeth, so the u.s. could do whatever it wanted to and by not being a part of it now, and being one of the three countries, with syria and nicaragua, and the u.s. outside
what happened in paris was a $292 billion hit to the country. a contracten of 400,000 jobs in our country. include energy jobs. that s not speculation. that s fact, objectively measured. what pure hearing is concern all that being said, jake this is not disengagement. the president indicated there is going to be continued discussion and engagement around a deal that works for this country, striking the balance between the environment and jobs and our economy. what might that look like if it s not the 24 to 26% reduction. how much is the trump administration willing to attempt to try to reduce carbon emissions. 15 sfwleers what have we done already from 2000 to 2014 a 18% reduction. again through technology and innovation. that should be the focus not artificial targets that can t be measured excuse me met contracting our economy here while the rest of the world do not don t meet the targets. there are a lot of people in
because of innovation and technology. what we ought to be focused upon his exporting what we know to places around the globe like china and india and helping them reduce co2 emissions as opposed to spending targets in paris. the targets set in paris but the reduction in greenhouse gases, the previous administration, every action he took still fell 40% short of the targets. it was a failed deal to begin with and we were spinning $292 billion on one rule, the clean power plant. bret: there are people who look at this and say it didn t have teeth, so the u.s. could do whatever it wanted to and by not being a part of it now, and being one of the three countries, with syria and nicaragua, and the u.s. outside
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