tier as you see. to be fair, under president trump, the debt was 26.9 trillion. trump added 6.7 trillion to the debt and there you see the numbers there. it hasn t been a concern, and yet this year s deficit bill projected to be the second largest since 1945. as it stands now. and that is just the cbo estimate. right, look. for most people, it s very abstract. i don t really think we have a debt problem, we have a spending problem. republicans were not good at this during their time in office before joe biden and the democrats took over. but it s going to come down to an interesting showdown now. because of all this spending. and i think some of the democrats are going to be nervous about them defending both the spending and raising the debt they can do it. they have the votes to do it on
else to blame. we ve seen huge increases in their bills and more coming and it s not rocket science. you impose these mandates it s not free. you force people to buy things whether they want it or not. they have to pay more for those things. the public hears you have to replace the entire binghampton you can t fix it or implement it and they look at the republican house bill it takes the medicare savings and use it for deficit reduction. how do you square the two. this is a negotiated process. it ain t going to happen overnight. pieces will be moving all the way through. i m saying you have portions. obama care act in the house of the republican deficit bill. it uses to reduce the deficit. you re here saying you want the entire bill replaced. it seems contra dick shower. the budget is a document that lays out a set of principles. you got to work there to what s
there is a declared winner in the iraq war. and it s china. china reaping the rewards. deficit bill less likely says the wall street journal. you ll like this. kids are eating less sugar. i do like that. i like that because it seems like americans are becoming so aware of this that they now are not buying these things that make their children sick and overweight which will help adjust what is actually put in the food in our stores. there is no doubt about it. we had evidence this last hour that americans are starting to pay more attention to what they eat. do we have the burger king video? no! no! i think americans did you see this, ben? obviously, an amazing labor savings apparatus. that is stupid. look at this. while you re doing tattoos you can have a worshihopper.
what ben bernanke said yesterday was exactly what the market expected him to say, we know things are weak, we know europe is a severe issue. him saying it even though they knew he was going to say it makes people more worried looking for something to hold on to and a little bit of hope. most people say this is a dramatic sell-off and you might see stabilization. that isn t the same thing as saying we aren t in a real economic problem, we know we are. it seems the markets are underwhelmed by the feds latest move to kick start the economy. is there anything they can do? certainly not the fed. the fed has been deluging the economy with money the last three years. this idea of more purchases and government bonds ben bernanke announced yesterday i m not so sure they had a very calming effect. erin is right. and the president s speech wasn t very helpful. monday, the president announced a trillion and a half-dollar tax increase in 2013, 14, 15 months away. that was a very beari
for the wall street journal and david gergen. what was behind the selloff, er? i was talking to a few investors today what ben bernanke said yesterday, anderson what is the market expected him to same we know things are weak we know europe is a very severe issue but him saying it, even though they knew he was going to say it makes people more worried, people are kind of looking for nothing hold on to, maybe for a little bit of hope, why you see this people are saying this is a rather dramatic selloff and might see stablization that isn t the same thing as saying we aren t in a real economic problem. we know that we are. and steven, seems like the markets were also underwhelmeded by the fed s latest moves to kick start the economisome there anything at this point that policymakers can do to raise expectations? certainly not the fed. anderson, certainly not the fed. the fed has been deluging the economy with money for the last three years and the idea of more purchases