And that was hed asked you about mindless austerity, mindless sequestration cuts, ndless which was both in your written testimony and your spoken testimony. Do you really mindean mindless or was that a misspeak . What i mean by that is we sspea should look to make smart cuts hould in programs that arent working. It doesnt say smart. It says mindless. The implication of mindless is that it t applies a kind of across the board one size fits all approach to cutting spending as opposed to what i think were trying to do in our budget, which is to be much mortar getted. Fair enough. But i guess the point the chairman was getting at is given that bob woodward wrote about it and he says it was the brain child of jack lew in the white house. Was the president not smart in offering that proposal . I think the history was it was something that was thought to be so bad that it would neverd neve go into effect. So i dont think anybody at the time thought it was a smart strategy for reducing our bud
Government spending is something that does not guilty gel with real life. In other words all of these government expenditures in some of the graphs that we show today are because were not taking their money so therefore, that e kwatquates to Government Spending where in real life does not taking somebodys money equate to spending again, the credible credibility gap, i think increases when statements like that are made. By the way, if thats the case, i think that what . Our gdp is what . 17 trillion . What we take in revenue and taxes is about roughly about 3 trillion. Ballpark figures. So, in essence, that means that were spending 14 trillion because thats money that the government is not taking from the economy. So should we then call that 14 trillion in Government Spending . No. Thats ludicrous. And its ludicrous to say that money that we are not forcefully taking because people dont pay this willingly, theyre forced to pay is somehow Government Spending. Credibility gap. When one sa
Peoples opinion. They have their own experiences with this economy good or bad, and i suggest you stop digging once youre in a hole of that size. My question of you is how much business taxes are included in this budget. So what our budget does on taxes we propose a fully paid for set of middle class tax cuts that is paid for in the way that i discussed before. With business tax increases . Actually i want doesnt include any business tax increases. What are the taxes . I notice youre planning a massive increase for Capital Gains tax, nearly doubling the Capital Gains tax rate from the beginning of thiS Administration. All were doing is proposing to take it back to what it was under reagan. Are you proposing to take the income tax rate back down to where it was under reagan . We are propose inging a comprehensive, revenueneutral business tax reform. Were proposing to fully offset the tax cuts for 44 million middle class families average 600 drars ewith the Capital Gains tax. Heres the p
Have veterans, economy, isis, any debate you will like to talk about. Well the conversation as on twitter, facebook or email us. To get started this morning we with todays top story. Veterans of Third Department announced an care and of the Health Benefits system. President obama today meets to talk nas leader about trade. Also in the headlines, millions of fewer people will roll in the Affordable Care act. As of this morning president obama pushing the fcc to declare internet a public utility. Declared a ebola free. You can call to or republican, democrat or independent lines. Ground zero for the healthcare system. Those who have served, tto truly honour those we must care for them. That from front page story. The globe and mail, so we who ld remember that those joined the war. Orange county register with the veteran affairs. Remodel their veterans services. Some thousand employees will be violating our values. What works, many local vets having problems with hospitals. Va is so confu
Look at this. Another record day for stocks. Of 78 wins for the dow. Look at the s p 500. Just a sixpoint game there. We have walmart. It warns about healthcare costs and taxes. Jcpenney, cue the organ, we think we may put this thing back on death watch. Dreamworks animation. A toy Company Wants to buy an animated movie studio. Dreamworks up 16 . 75 a barrel. That is another almost 3 a barrel low. Gas prices probably have another lag down. The Senate Considers a pipeline built. Right now, the house is you ring up. Do not build that pipeline. They will begin to consider this bill this evening. Tomorrow, they will very likely vote on it and then approve it. On tuesday, we get the boat in the senate. The latest from the white house on that, they say we will consider any sort of proposal that congress passes. This one does seem to contradict. Don thank you very much, and hed. Lets get to what josh ernst had to say. We had indicated that he recommend ito legislation like that. Don Monica Cr