those days. let s just cut this dial. neil: i don t know how close we are to that henry cuellar, you ve been critical about the president s performance at the border that he reacted late. you were encouraged some of the things that we ve seen since title 42 wendt away. he did have a late response. i m wondering, are you concerned that he s similarly having a late response now and that is created new angst? no, i think what happened look, i think the debt is created by democrats and republicans. i do want to emphasize that during the trump administration, the debt ceiling was erased three times. i want to show that up the trump administration, 7.3 trillion were added. nobody woke up, nobody said anything. but as soon as you have a president of the other party then some folks will wake up and say we got to talk about the debt.
happened and why this happened. it s too much money. too much money was poured into this economy. we had $7.3 trillion from both administrations. anyone who tries to conflate what happened on 2020, when you stop the entire economy, told people he can go to work, businesses they could not open, the entire world that that i m a look what happened in 202011. that s being disingenuous. the point is that all that money that came in in 2021 is the spark. it s part two things. this runaway inflation, and no wage spiral. when you pay people not to work, they make twice as much staying at home eating froot loops in the two going to work, businesses get desperate and have to ridge of wages. that s uncontrollable now. the federal reserve is trying to douse this.
trillion on people. you don t think the government should spend money on people, they should do tax expenditures for the rich. you can t justify spending money on people and human beings? we should absolutely have a robust safety net for people who need the help. why cut it? $47.3 trillion in unfunded liabilities driven by medicare and social security. the president opposes medicare reform so whatever paul ryan wants to do or not wants to do on medicare is not going to happen while he s speaker. my question is how can republicans justify cutting or privatizing medicare, medicaid and social security? well, cutting is one thing. but they should modernize the program. these are programs that deserve to be modernized what do you mean by modernize? what do you mean by that? warren buffett is eligible for government subsidized medicare. why are billionaires and millionaires getting medicare that they don t need? let s focus the program on the lower-income populations that
i m not an isolationist. i m a free trade sxer a fair trade ter. i don t know what newspaper you re reading. but the i guess that would be another example of, as you say, fake news. oh my god, never misses his chance. greg what do you make of this? i have two points to raise. let s talk about the trade thing. germany makes amazing cars, let s be honest. guess where they make a lot of them? here. 400,000 of them in south carolina. i do like a nice mercedes. the trade deficit is deceptive, when you have a population of 80 million people and america is four times larger, our gdp is 17 trillion, theirs is 7.3 trillion. thank you wickipedia. you have to look at size and why the deficit really isn t as important as they make it out to be. free trade does matter. germany helps our country.
been this 42 years total in washington, d.c. and we understand the change sometimes is necessary. reporter: this is the tea pa party s best chance. chris mcdaniels. many feel like strangers in this land. a new america rise to go take its place. we recoil from that. reporter: he is challenging 76-year-old thad cochran who arrived in congress the year america pulled out of vietnam. i never, in a million years, thought i would challenge senator cochran. he has been there as long as i ve been alive. when he went to washington in 1973 the debt was only about 400 billion. did you know that? we stare today 42 years later and give or take it s $17.3 trillion. reporter: do you think senator cochran is ready for a campaign like this? i don t know. i hope so.