talking about, apples and oranges, i think he s got a chance. i don t know if people get the full $3.5, but it s a lot of money. i think joe manchin and kyrsten sinema will get onboard for a lot of money. and you know how the senate can do when it comes to packages and deciding how it s paid for, with dynamic scoring and there are ways to get this through. it s going to take a while, i think. but there are ways to get it done. let s go up to mike murphy, joe allen writes, this is something you have been predicting and talking about. the serious question democrats must start asking is if or when will moderates and independent voters rebel against such record levels of spending, and the, wait for it, higher inflation that might follow, said one
bloomberg getting in and maybe klobuchar rising in iowa, perhaps the left s moment is over. i m not sure where bloomberg is going to go here. what s surprising to me is, okay, all the democrats like big government. we know that. not one of them has tried to talk about the importance of economic growth and the economy. paul: don t you think delaney did? a little bit. but he was very big on the capital gains tax. paul: raising it. raising taxes. they don t understand the idea of dynamic scoring, they don t understand marginal tax rates or if they do, they don t want anything to do with it. whenever they talk about what they re going to do, it s big government and how you re going to pay for it, taxes. that s the only i ve been watching all these debates. it s been painful. i ve been watching them and i m listening for just somebody who can make a little bit of a case for, you know, 2.5% growth. you don t hear that. paul: do you think biden s staying power is a significant story h
perhaps the left s moment is over. i m not sure where bloomberg is going to go here. what s surprising to me is, okay, all the democrats like big government. we know that. not one of them has tried to talk about the importance of economic growth and the economy. paul: don t you think delaney did? a little bit. but he was very big on the capital gains tax. paul: raising it. raising taxes. they don t understand the idea of dynamic scoring, they don t understand marginal tax rates or if they do, they don t want anything to do with it. whenever they talk about what they re going to do, it s big government and how you re going to pay for it, taxes. that s the only i ve been watching all these debates. it s been painful. i ve been watching them and i m listening for just somebody who can make a little bit of a case for, you know, 2.5% growth. you don t hear that. paul: do you think biden s staying power is a significant story here and how do you explain it? i was going to say that
decade? they were nowhere. they were nowhere since 2000 when the debt doubled under president bush and doubling under president obama and as the great philosopher ricky bobby once said with all due respect the only thing that is bipartisan in d.c. is in competence and there s no nice way to say this. this dog and pony show is nothing but a bait and switch. we re talking about having $32 trillion in a federal deficit in 10 years and all they re arguing about is this $1.5 trillion if it is 1.5 trillion, some say one, this dynamic scoring is fuzzy at best you re ignoring 96% of the debt that is going going to be out there. this is simply covering up years and years of mismanagement of this country s finances and understand this. $32 trillion if you have a normal interest rate we re going to pay $1.6 trillion in only 10 years on debt interest alone. think about what that could go into for schools we ll have no
everybody is going to have to decide for themselves how they would vote, my preference is 20%, i think we have a very good bill out of the senate, the house has some components but i think this is a major step forward for the american public, we are going to get this to the president s desk for his signature before the end of the year. chris: let me ask you about a couple of questions that people are raising about this bill, one of the president and republicans key selling points that the tax cuts would pay for themselves because they would spur so much economic growth, here is treasury secretary mnuchin. in our models we believe there will be two and a half trillion dollars of growth and we are happy to go through the numbers, we are happy to give the details. chris: but even taking into account economy growth, what s called dynamic scoring, the nonpartisan joint committee on taxation came out with analysis of the senate plan this week they say that even after growth, it s still