in a time that people are hurting in the economy. they re not willing to talk about the almost trillion dollar defense budget, which is most of the discretionary budget. we ve said, let s have some cuts here. it s really important to understand that the vast majority, i think 70% of the deficit has been accumulated under republican presidents, not democratic presidents. bob reich, let s talk about what happens. you said it s a very different thing, it s not a government shutdown, we know government shutdown sorbet. but a lot of americans who say, i ve seen a couple of them, it doesn t have that much impact on my life. talked to me about a default has a macro impact. it does things broadly to the economy, which will trickle down and hit people. and it does specific things to certain people as it relates to their income. ali, the worst thing about a default is that we don t know exactly what it would do. we know it would create chaos, we know that it would reduce and eliminate the
the reason if you want to lower the deficit, but we re often doing is repealing the tax cuts to the very wealthy, they won t do that. they re instead trying to hurt the poorest americans. the most vulnerable americans. in a time that people are hurting in the economy. they re not willing to talk about the almost trillion dollar defense budget, which is most of the discretionary budget. we ve said, let s have some cuts here. it s really important to understand that the vast majority, i think 70% of the deficit has been accumulated under republican presidents, not democratic presidents. bob reich, let s talk about what happens. you said it s a very different thing, it s not a government shutdown, we know government shutdown sorbet. but a lot of americans who say, i ve seen a couple of them, it doesn t have that much impact on my life. talked to me about a default has a macro impact. it does things broadly to the economy, which will trickle down and hit people. and it does specific th
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The Philippines will incur the biggest reduction in gross domestic product in Asia at 0.4 percentage point as global oil prices continue to soar following Russia’s invasion of Ukraine, JP Morgan Chase & Co. said.