bill: how much better could it get? dream a little. we think it s sustainable. we ve said from the beginning we think the american economy can grow at 3%. we ve done it for the last 12 months. the first time in 10 years it happened. it s sustainable. it is that dynamism that comes to the economy and the better government finances that come from it. government revenues go up, government expenses go down. if you have a job you aren t on food stamps. buried in the numbers is the fact that 1.3 million people who had given up and left the job force permanently under president obama have come back since the election. 1.3 million people have hope again that comes from having full-time work. the numbers are all good. they re sustainable and we think there are more benefits to come. sandra: i have to ask you about the national debt. john bolton was talking about it this past week calling the debt level a threat to society. our society. that he said that threat
this country billions and billions of dollars. so they did the study. guess what? they didn t like what they found out. the new york times reported last year that trump officials under pressure from the white house to provide the number of producing refugees we let into the united states of america, rejected a study by donald trump s health and human services. you know why? because they found, get this. ready? wait for it. wait for it. refugees brought in $63 billion more in government revenues over the past decade than they cost. hold on a second. hold on. did you hear what i said? because i know you can t continue to repeat his lies if you heard what i said. donald trump s own government did a study that found out that
he was talking about the housing bubble and literally in july, before the september crash, he said nothing to see here that he s beginning to see the signs of recovery in housing. it was not just that s the most spectacular economic failure of our time but if you look back at his record, 1993, 2001, 2002, 2009, the same thing basically if larry kudlow said this is going to happen, you would have been very wise to place your money on the other whether it is government tax receipts or stock market or where the economy is going. the problem is he says the trump tax cut is going to increase government revenues and be a huge boone to the economy which is the exact thing he said about government revenues of the bush tax cut in 2001. it is interesting that the president would replace one
cut is going to increase government revenues and be a huge boon to the economy, which is the exact thing he said about government revenues about the bush tax cut in 2001. it is interesting that the president would replace one economic adviser who disagreed with him with another who disagrees with his trade agenda. that s true, and had some disagreements with a secretary of state on a variety of subjects and brought in a secretary of state who may be more sim pat coe. he says he likes the disagreement and different diff opinions. he is conflicted about this. but he does like the appeal of celebrity. coming up as we ve reported on this program, new documents
reduce incomes. so what we should be concerned about is the trajectory of the debt over the next 20 or 30 years. because that s the kind of time horizon where you see things like wages go down, gdp growth slows, you know, the risk of so in order to change that i hear you. and i think we agree on this. in order to change that trajectory, what you don t want to do is add 10% to the debt over the next ten years. what you want to be trying to do is either keep it level or shrink it while at the same time increasing gdp growth and maybe using tax policy to creatively i talked to art about this, he doesn t agree with this. if you adjust the curve a little bit so government revenues don t go down, but people don t pay more taxes. in other words, there are good creative conservative ways to arrive at a goal in which un least keep them the same while not increasing the deficit. why did we not see that kind of work at play?