and $100 billion into a new you global fund to fight aids, tb and malaria. since then, those two efforts have saved more than 35 million lives. and while bill gates the world s leadi leadi leading philanthropist has given away $50 billion, his wealth has soared to 9 $99 billion today. we live in a winner take all economy where the wealth is flowing to the very top while billions of people are struggling to survive and millions are dying every year of their poverty. in 2017, 82% of the wealth increase flowed to the world s wealthiest 1%. and the poorest half gained
is about to get a permanent secretary. senate voted overwhelmingly 86-9 yesterday to confirm robert will can i as the next secretary. he replaces david shill kin who was fired in march. taking over a department that has been plagued with problems for years. let s take a look at some of the biggest issues. department of veterans affairs provides health and other benefits to nearly 20 million military veterans. it s the nation s second largest bureaucra bureaucracy. there s a budget battle already under way. the va s proposed budget stands at $199 billion. part of the budget short fall comes from the va mission act of 2018, a massive restructuring of the medical care programs. this law signed last month
kudlow was said is inaccurate. you d have to talk to him about it. what larry is convinced of is we re going to have capital spending boom, which we are. growth will surprise on the upside. okay. for fact sake let s take a look at what s really going on with the deficit. this will involve some numbers. i m going to make it real easy. these claims that kudlow take only take hold if people don t understand why they re wrong. let s get a quick refresher on what a deficit is. it s the difference between revenue and spending. if spending is bigger than revenue we end up with a deficit. if the government spends more than it takes in, which it does in most years, it s a deficit. that s different from the debt. that s the accumulation of the deficits plus interest. there s many ways to calculate and discuss deficit but none of them lead to kudlow s conclusion. the federal budget was $99 billion higher in may or this
themselves on the far left. you know, the leading candidate for governor in california, gavin newsome wants a single-payer healthcare system. by the way, that costs $400 billion a year in california. and our entire state budget is only $199 billion. most of the candidates for congress are trying to be part of the elizabeth warren and bernie sanders wing of the democrat party. that is just not where most california voters are. harris: chairman of the g.o.p. party california ahead of what is like a mini super tuesday tomorrow. thank you for helping break it down today. thank you, harris. harris: president trump is marking his 500th day in office today. the white house launched a media campaign touting his achievement. can the president claim big victories and get credit for them? will the campaign help the g.o.p. ahead of the mid-term election? you just heard the chair of the california party in california. they think they are doing well.
and they ll be treated like tiny little community banks for purposes of oversight. now, those 25 banks, they re between $50 billion and $250 billion in assets. collectively, they set down about $50 billion in tarp money. they helped crash the economy and nobody went to jail. just to draw that home a little bit more, you remember country wide, they earn putting out at their pique, one in every five mortgages across america and you remember what those mortgages were like. they were like grinades, they rolled into american homes. and ultimately blue up the economy. how big was countrywide at its pique when it was doing this? about $199 billion. so here s the deal, what this