you too, trey. trey: we turn to another major issue facing our nation, that is inflation. households spending 327 dollars more a month. inflation rate rose to 8.5%, joining us now, former economic advise or to president obama, professor goolsbee. tell us, what is causing this inflation? i think two things have caused the inflation up to now, we ll figure out you know what will happen with the inflation going forward. you have covid creating massive supply chain problems. people not able to spend money on services, what they usually spend most their income on. shifting to physical goods. overload the supply chain,
the words national debt. and the washington post is reporting that house republican leader kevin mccarthy has said in private that republicans lost the house because of their policies, specifically trying to take health insurance away from people with pre-existing conditions. kevin mccarthy has a way of saying things in private that he never says in public. during the presidential campaign, he was recorded in private saying he believes that donald trump is paid by vladimir putin. democrats agree with kevin mccarthy that republicans lost on the issues, and it looks like democratic presidential candidates now have donald trump s failed promises on the national debt to use against him in their campaigns. now, this is when we want to hear from an economist who has worked on these issues at the presidential level. and we are lucky now to have austin goolsbee with us. he is a professor of economics at the university of chicago, who was the chairman of president obama s council of economi
he helped force the issue of health care to the forefront of last year s congressional campaigns. he was a major strategist of that. he is the executive director of the indivisible project. they are both joining us now. professor goolsbee, strangely the national debt is the only thing that donald trump is building in his presidency. yeah. look, he s building up some other debts, too, but the thing that s hard to wrap your head around is if you take the tax cut, it s even bigger than $1.5 trillion. that was the official price tag, but now we see it s more than $2 trillion, okay? so if you have something like 50,000 austan, let me just stop you on that. so you re saying that the original estimate when the cut was being legislated was about $1.5 trillion, but now in actual practice, which often happens, they re discovering the
the indivisible project. they are both joining us now. professor goolsbee, strangely the national debt is the only thing that donald trump is building in his presidency. yeah. look, he s building up some other debts, too, but the thing that s hard to wrap your head around is if you take the tax cut, it s even bigger than $1.5 trillion. that was the official price tag, but now we see it s more than $2 trillion, okay? so if you have something like 50,000 austan, let me just stop you on that. so you re saying that the original estimate when the cut was being legislated was about $1.5 trillion, but now in actual practice, which often happens, they re discovering the prediction was off. its bigger than that? yeah, and, look, they rushed it through without a score because they knew perfectly well it was going to get bigger.
policies, specifically trying to take health insurance away from people with pre-existing conditions. kevin mccarthy has a way of saying things in private that he never says in public. during the presidential campaign, he was recorded in private saying he believes that donald trump is paid by vladimir putin. democrats agree with kevin mccarthy that republicans lost on the issues, and it looks like democratic presidential candidates now have donald trump s failed promises on the national debt to use against him in their campaigns. now, this is when we want to hear from an economist who has worked on these issues at the presidential level. and we are lucky now to have austin goolsbee with us. he is a professor of economics at the university of chicago, who was the chairman of president obama s council of economic advisers. and ezra levin is with us. he helped force the issue of health care to the forefront of last year s congressional campaigns. he was a major strategist of that. he is t