rates. they re more like stimulus which we didn t need well, increase in interest rates makes the fed raise rates faster and have a trade war at the same time swamping the impact. it is a little weird, though it is a little weird for democrats to be making the deficit argument when last i saw, the hot take new democratic argument is this modern monetary theory that deficits don t really matter. so i mean, you can t have it both ways. you and i would agree the three of us would agree the only people democrats may say it, and i disagree with it that deficits don t matter, but actually the only people increasing deficits in recent years have been republicans by a lot. deficits gone up by a whole lot. republicans don t care much about it howard schultz may care about it it s him and maybe a couple guys here no one else cares about it republicans don t care about it at this moment. but historically speaking
they are managing it jujitsu of managing the economy. i think it s steered toward 2010. tackling it as an income and, quality issue including the minimum wage, they have to prevent the democrats from pretending all of this has happened as if it s a tsunami or happened under the gop. the result of democratic policies is long-term unemployment, a terrible recovery, and all of this is would indicate that what you have to do is to change the policies and not put on all the band-aids. that s how you win that second argument about income and equality. we thought we d give you the bing highlights early tonight, save our last block for something special. democrats disagreed while republicans agreed with steve that republicans are making a practical deficit argument but are being wimpy. approval was lower from men than women when it was said democrats could pay for pay-fors, they
paul ryan was their deficit guy, and that deficit argument, that the deficit was too big, one of their main arguments against re-elected president obama. we have just received the new estimate of what the deficit is going to be by the end of this year. this is what the deficit had been up through last year, so 2009. that s president obama s first year, 2010, 2011, 2012. now show the next year. this is what they had projected the deficit would be by the end of this year. but now that estimate has been revised. they have revised the projected deficit for this year, and as of now, this is what the new deficit we have that slide whistle. we have never used it before. are you kidding me? the opportunity cost. anyway. as of now, this is what the new estimate of what the deficit will be by the end of this year. as you can see, this means that the deficit has shrunk by about $800 billion. since president obama has been in office. this is the fastest deficit
this deficit issue, right? paul ryan was the deficit guy in the deficit argument. the deficit was too big. one of their main arguments against re-electing president obama. we just received the new estimate of what the deficit will be by the end of the year. this is what the deficit had been up through last year, so 2009, that s president obama s first year, 2011, 2012, show the next year. this is what they had projected the deficit would be by the end of this year, but now that estimate has been revised. they have revised the projected deficit for this year and as of now, this is what the new deficit we have that slide whistle and we never used it before, are you kidding me? the opportunity costs. as of now this is the estimate of what the new deficit will be by the end of the year. that means the deficit has shrunk by $800 billion since president obama has been in office. this is the fastest deficit reduction we have had as a
picked paul ryan to be their vice presidential nominee in 2012. they wanted to keep the heat on, on this deficit issue, right? paul ryan was their deficit guy, and that deficit argument, that the deficit was too big, one of their main arguments against re-elected president obama. we have just received the new estimate of what the deficit is going to be by the end of this year. this is what the deficit had been up through last year, so 2009. that s president obama s first year, 2010, 2011, 2012. now show the next year. this is what they had projected the deficit would be by the end of this year. but now that estimate has been revised. they have revised the projected deficit for this year, and as of now, this is what the new deficit we have that slide whistle. we have never used it before. are you kidding me? the opportunity cost. anyway. as of now, this is what the new estimate of what the deficit will be by the end of this year. as you can see, this means that the deficit has shrun