MSNBC The Last Word With Lawrence ODonnell May 1, 2021 02:21:15 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
good. but going forward, if we want to expand it, which i think is great. i d like to just know how are we going to pay for it. noel, you re looking at such a small it s $5 billion out of a 787 billion dollar defense reauthorization and you re saying how are we going to pay for this? how are we going to pay for the other 780 million dollars? and deficits sadly not resonating as an issue. not yet and one wonders why it s not resonating in the republican party. mick mulvaney, a tea party guy, interviewing hem earlier this week, he says it doesn t seem like it s getting traction. at some point it will. will it be at a moment of crisis because we suddenly find we re having to pay higher interest rates on that debt? we ll have to see, but for the moment, it s spend, spend, spend. democrats and republicans. where are are the hawks?
once you go to the t-word you can t go back. now is like who can give us more? i have $3 trillion, $5 trillion, what about $10 trillion? remember all the political pushback when president obama had this $787 billion stimulus plan. people were like are you kidding me? that s almost a trillion bucks. that would be a drop in the bucket. bill: how did this happen? democrats are pointing to the 1.5 trillion dollar tax president trump s tax plan saying it legitimizes what we want to do. the federal reserve can create $4 trillion out of thin air we should be able to do the same thing. you are doing that ostensibly to help society but really help bankers. bill: remember when they were just going to tax the millionaires? now it s only a tax on millionaires who have at least
unemployment karining are. a con sense among economists we desperately need to inject stimulus into the economy. the white house proposed a package which totaled $787 billion in tax cuts and federal spending by the time president obama signed into law a month after his inauguration. the republicans who had just spent the duration of the bush years exploding deficits through bush tax cuts, war spending and meds care part d suddenly on a dime got deficit religion. that stimulus bill that president obama was pushing got a grand total of three republican votes in the senate and zero not one, zero in the house. then two years later republicans threatened en masse to really quite literally destroy the american economy and the global economy by threatening to refuse to raise the debt ceiling sending the u.s. into default. they held the global and american economy hostage in exchange for the budget control act and an unbelievably severe
receive a tax cut, and i think it s even upwards of 90% depending who you re talking to. this is real money for hard working americans. when you are saying $800 didn t is matter. i covered barack obama. he made a big deal. and the congressman will remember, hashtag $40. that s what you got in the paycheck and the democrats said this is a big deal. talk about crumbs. i think she said, actually. democrats spent, remember when barack obama did this, $787 billion, and most people didn t feel it, and ed s exactly right. they were bragging about 40 bucks. the companies are saying $1,000 bonus. steve: there s a fundamental thing here i think, you say what you want about the trump administration and you do, the one thing i think that it seems to be going well is the economic story, and there s a political problem for the democrats. because good news for american workers, bad news for the democrats politically.