Here to talk about federal spending. Mark goldman, lets begin with defining deficit versus debt. The deficit is how much we borrow each year. The debt is how much we owe. It is for some of all of our past deficits. If we think about a credit card, the deficit is how much you have added to the credit card bill in 2023. The debt is how much you owe total. Where we are right now and 2023 without deficit . There is different ways to measure it. People like to talk about 33 trillion. I like to look at debt held by the public as a share of the economy. The bigger the income, the more debt that you can afford. We are very close to 100 , meaning that the debt is as large as a full years worth of output. Why . Why are we in this position that we are in right now . There is no one thing. The covid crisis, the recession before that included a lot of onetime borrowing that got us far from historical average. Underlying that, we keep passing tax cuts and spending increases that widen our structural
This is the key, these were the people we were elected to serve,. Joining us to help with the analysis is franklin a. Chief of staff. Frank, what did you think . You work for governor members of congress, i thought it was a positive and optimistic speech. I think it was a positive and uplifting speech. Its up to the politicians in washington to get work on the priorities American People care about. Enough of fingerpointing. Its time to make things happen. Take a listen to what the president said about infrastructure reinvestment. Together we can reclaim our great building heritage. [applause] we will build gleaming new roads, bridges, highways, railwa the lamplight we will do it with american heart, american hands, and american and grit. So the p ard the structure in the country. Im leveraging 1. 5 trillion. What does that mean for states . It means a lot more money coming in to fix road attention. Its an area where americans and most americans agree. They need to figure out how to mak
An hundred 70 primary schools have experienced a shooting on 1999. Since columbine in our question is, should there be compromise on it Gun Legislation. Owner, 202 gun 7488000. Ll others, 202 7488001 send us a tweet or join us on facebook. Good sunday morning. Thank you for being with us. In a moment we will hear from Vice President pence weighing in on the debate over Gun Legislation. We want to begin with a piece from usa today florida students want to be a Tipping Point in the gun debate. Reads as host Vice President pence yesterday said this. We will get to the bottom of what happened here. , the justiceak department is working with agencies across the government to study the intersection of Mental Health and criminality. When trump meets with the nations governors in a few weeks, he will make the safety will makeety he the safety of our schools the top priority. [applause] mike pence as the president said, no child or teacher should be in danger in an american school. No. Should e
Want to thank them for their feedback perspectives advice and ideas. The tax code were necessary to keep pace with the technological and geopolitical changes. That sounds pretty familiar, mr. President and it is, after all what we have been saying for the last several years. Thee word of 1986 was different from the world we live in today. Theyve been monumental and the tax code has not advanced beyond is failing us. The American People have dealt with years of stagnating wages and growth in the economy. We now find ourselves in a positiotheposition to make goodf these years of hard work. A big part of that is the fact the current president is engaged on tax reform unlike his most recent predecessor, so we have been focused this year on providing. It would bring down Corporate Tax rates and the goal shared by republicans and democrats provides businesses with new opportunities for growth and expansion and will modernize the International Tax system. We have been laser focused on produci
Gary, ben stein, adam motion ski, charlie gasparino, one nightmare for another. Lets be clear, the welfare state, to try to take a piece of the welfare state out, you have to play the long game. In 6 months it took a year to create. We have a few to chop it down. Success of amendments to those bills, it looks like each iteration looks like you are doing obamacare light and who knows when the end will come . The question comes up, whether this gets in the way of that. And as a result. There is the other the gop blue it, government should be involved. They will always have these sites and these sort of things. It could come down to some type of thing. And and it is a crazy thing that is quite environmental. They cut out the taxes. And it has never been put into place. Medicaid expansion doing this to 2024, 7 years from now. And i have to say republicans need plan b. If you want to rip this away rip it away like a bandaid, rip it away like a bandaid, what incentives can get insurers to se