here s the magic asterisk. she s got 16 trillion, almost half of her pay for, so to speak, that are in things that are the classic gimmicks that people use when they can t get the numbers to add up. better irs of tax collection, cut waste, fraud, abuse, we re going to take the urban institutes estimate for how fast they think healthcare is growing and lower it a little bit to get the numbers to work in the addition to the size, scale, and the rest of this, she has $17 trillion she hasn t paid for. i think you give joe biden here for getting right. she has been challenged on the question of whether she ll are to raise taxes on the middle class. she dodged it at one debate then came out with her plan and said, no, we won t have to. is there any universe in which you have to raise 34 trillion new dollars that the middle class would not be taxed? in other words, is there any way this could all be put on the back of the wealthy? no. because as you could see even
and they can pay for their tax cuts by cutting medicare and medicaid within that same legislation which they know is raid active so they re struggling with the thing that s hardest thing in legislation. how do you pay for it? but the idea that you would simply explode the deficit and the debt goes against everything that virtually every one of these republicans has ever said about the deficit and the debt. yeah. but they say that when they re not in power. when they re in power, dick cheney said ronald reagan showed that deaf sits don t matter. well, he didn t but that s their mantra now so that you can be true to the reagan legacy by saying deficits don t matter. the magic asterisk is assumption of growth. yes. if you assume a high enough rate of growth the economy will spin off the revenue to pay the bills and the bills are mounting because every day between now
simply explode the deficit and the debt goes against everything that virtually every one of these republicans has ever said about the deficit and the debt. yeah. but they say that when they re not in power. when they re in power, dick cheney said ronald reagan showed that deaf sits don t matter. well, he didn t but that s their mantra now so that you can be true to the reagan legacy by saying deficits don t matter. the magic asterisk is assumption of growth. yes. if you assume a high enough rate of growth the economy will spin off the revenue to pay the bills and the bills are mounting because every day between now and 2030, 10,000 more baby boomers retire into the entitlement state, social security and medicare. if you assume a rapid enough rate of economic growth and assume tax cuts are stimulative, at full employment, stimulative
2017. which crowd is larger, the 2009 crowd or the 2017 crowd? senator, if you allow me to give the disclaimer that i m not really sure how this i would be happy to answer your question which was from that picture, it does appear that the crowd on the left-hand side is bigger than the crowd on the right-hand side. thank you. the president disagreed about this in his news report. he said it s a lie. we caught them. we caught them in a beauty. referring to the press reporting. says it looked like a million, a million and a half people. the reason i m raising this is because budget often contain buried deceptions. you and i talked in my office about the magic asterisk. this is an example of where the president s team on something very simple and straightforward wants to embrace a fantasy rather than a reality. reporter: now, mulvaney s nomination running into resistance from some republicans as well. john mccain, the arizona