The fact of the matter is it is growth being curbed, not the programs themselves. Look at this. The Congressional Budget Office says we spent 100 last year and were supposed to spend 106 this year. For a lot of people anything less than 1107 is a cut. There are no medicaid cuts in terms of ordinary human beings refer to a cut. Were not spending less money one year than we did before. Were growing medicaid more slowly over the 10year budget window. Neil i want to repeat again, if you were to follow the traditional media describing this budget, this isnt a protrump or antitrump statement here, the fact of the matter here it is the biggest budget in american history, 4 trillion worth of spending. Every single major entitlement, every Single Program will be getting more money than was originally going to be the case down the road. Now, what was curbed was the growth. In other words the growth of spending, medicaid, you heard a lot about that. Still over the next 10year it will be getting o
Hell be speaking tonight with kara executive editor of recode host of the recode decode podcast hot on the trail of the story since the very beginning. Now before we get started adam and know each other so take 40 seconds to introduce yourself to one of your neighbors. Okay thats had the perfect amount of friendship always dangerous and back to me wonderful. Now if you enjoyed meeting your new friend sometimes ourst rasic informed members which if you come out of the build just to your left so feel free to join us there afterwards if you would like. Now, anybody who is not been here before . Awesome if you dont know we do fantastic rams like this and dozens of times year so if it is your first time lets not have it be your last. Few great programs at inform if you read fantastic mod person love New York Times column about 36 questions to fall in love well have author mandy on july 11th. A panel on criminal justice system, and the private prison problem on july 18th. Featuring mother jo
Take a few seconds to introduce yourselves to your neighbors. [inaudible conversations] thats a perfect friendship. This is always dangerous. Wonderful. If you would enjoy meeting your new friend sometimes our board and others if you come out just to your left feel free to join us afterwards if you would like. Anybody that has not been here before. We do fantastic programs like this and other subjects so if it is your first time lets not have it your last. A few programs coming up if you read fantastic modern times column about the questions to fall in love we will have the author on july 11. A panel of the criminal Justice System and on july the 18th featuring mother jones investigative journalist. August 30 conversation about the Voting Rights in the United States and we have lots of fun announcements coming up for the fall. Now we are a nonprofit here at the Commonwealth Club and depend on the generous support of our donors, volunteers, attendees and exciting news theres a generous
Melissa im melissa francis. This after the bell. Lets get right to lori rothman watching all of the action on the floor of the New York Stock Exchange. And, lori, a lot of stocks hitting brand new record highs. Who are todays biggest winners . More than i certainly can count, thats for sure, melissa. Lets get right to it. Todays winner powering the dow past 21,000. Jpmorgan up 3. 6 . American express, boeing, travelers, defense spending, trumps speech digging in on the things he said out in the campaign. Infrastructure stocks in particular. Taking offer today, on trumps pledge for one trillion dollars infrastructure spending. The top two benefiting from betterthanexpected earnings. So those two companies, like at diecom up 18 . Look at facebook shares hitting alltime high. Dycom. This is important, were expecting snapchat to officially the price the ipo debut on wall street tomorrow. You have to interpret this gain of 1 1 2 on facebook, again a alltime high. Not a lot of concern among
Reporter ah, yes. Just as the tsa administrator and the folks at Homeland Security are preparing for a press conference out here, ive got to show you the scene at midway airport. Its like this, neil, at a lot of places all around the country. Apparently, tsa does not have enough employees to handle the massive lines. I dont know if you can tell, this is actually not a bad day here. This is fairly normal out here, and maybe you see you cant even really see how bad it normally gets because right now its, you know, the noon hour tends to be the lightest of times. If larry with the camera spins around here, the other day we had a line and its on youtube, i dont think we bought it yet [laughter] to show it to you, the line went all the way down here another 100 yards past to the cta trains. Crazy stuff. A lot of airports, neil, have been talking about actually firing the tsa, and you know what . You can do that. A number of airports around the country have already done so. Most of them smal