let s not forget in 2011, after republicans took over the tea party wave, immediately congress and then president obama shifted to deficit and debt. most mainstream economists believe today that that was premature. that, in fact, the great recession, the recovery from it was actually prolonged. now here we are and this is something that s come up here at the world economic forum. we may be heading into a recession this year, either in q3 or q4 so rather than shifting immediately to deficit and debt, let s actually focus on the current economic conditions today. finally i just have to point out, the deficit has dropped by more than 50% in the last two years, the deficit has dropped more under president biden than any other previous president and final point, this is really the final point, the very first bill republicans passed taking over congress two weeks ago was a bill that would have increased the deficit by more than $108
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government is not going to be able to solve every problem that has thrown up by this, but we always read it. we havejust spent £408 billion on the covid response. 50 billion on the covid response. so ou billion on the covid response. so you are a party of high tax on high spent now? we you are a party of high tax on high spent now? spent now? we are a party that is pragmatic- spent now? we are a party that is pragmatic- you spent now? we are a party that is pragmatic. you are spent now? we are a party that is pragmatic. you are incoherent, i pragmatic. you are incoherent, aren t you. pragmatic. you are incoherent, aren t you, that pragmatic. you are incoherent, aren t you, that is pragmatic. you are incoherent, aren t you, that is the - pragmatic. you are incoherent, aren t you, that is the truth. i pragmatic. you are incoherent, i aren t you, that is the truth. what aren t you, that is the truth. what is borisjohnson in government for other than his own vanity? we have j
billion later it was a very different context, that is what i mean, the chancellor needs to look at the specifics but he has always proven he will flex according to the situation on the ground as he sees it. ~ situation on the ground as he sees it. . ., ., , situation on the ground as he sees it. ~ . ., , ., it. we will wait and see. paul scall , it. we will wait and see. paul scally. thank it. we will wait and see. paul scally, thank you it. we will wait and see. paul scally, thank you for - it. we will wait and see. paul scally, thank you for your - it. we will wait and see. paul. scally, thank you for your time. good morning. always a big match when liverpool take on manchester united but there was a lot to talk about on and off the field last night. about on and off the field last niuht. . , about on and off the field last niuht. ., , ., about on and off the field last niuht. ., ., ., about on and off the field last niuht. ., ., , about on and off the field last niht. .,, ., .,