good evening from new york, i m chris hayes, the simmering tensions in the republican party started to reach a boil today as the harsh realities that americans will face if the gop s health care bill passes have begun to set in. on one side of the brewing civil war you have the economic ethnonationalism of white house chief strategist. on the other, the ayn ran style government philosophy of paul ryan and the health care bill, a product of ryan s philosophy, is a culmination of his career effort to slash the social safety net. it is, as vox put it, class warfare of the rich and poor. according to the cbo, the combined population of alabama, colorado, kentucky, missouri and utah would lose health care by 2026. the bill cuts medicaid by $880 billion, about 25%, while putting in place an $883 billion tax cut that mostly
february a new round of arm sales to taiwan, chinese major general lu yon told a chinese run magazine, quote, we could sanction the u.s. using economic means such as dumping some u.s. government bonds. the new house majority leader admits extending the tax cuts would force america to borrow more money. if you have less revenues coming into the federal government and more expenditures, what does that add up to? certainly you re going to dig the hole deeper. reporter: the u.s. is already in the hole $883 billion just to china. more than double what it held in u.s. treasuries just three years ago. already american taxpayers pay china $50 billion in interest every year right now. but if foreign powers buy u.s. debt for the next ten years, in the same proportion they hold it now, another ten years of the bush tax cuts will put news the hole to russia by another $60 billion. n cf1 o and to china by another $420 billion.
general lu yon told a chinese government run magazine we could sanction the u.s. using economic means such as dumping some u.s. government bonds. the new house majority leader admits extending the tax cuts would force america to borrow more money. if you have less revenues coming into the federal government and more expenditures, what does that add up to? certainly you re going to dig the hole deeper. the u.s. is already in the hole $883 billion just to china. more than double what it held in u.s. treasuries just three years ago. already american taxpayers pay china $50 billion in interest every year right now. but if foreign powers buy u.s. debt for the next ten years, in the same proportion they hold it now, another ten years of the bush tax cuts will put us in the hole to russia by another $60 billion. and to china by another $420 billion. nearly half a trillion dollars of new chinese debt.