people who have those mortgages. what i want to make sure that does not happen as a result of actions by this government. can not happen as a result of actions by this government. this government. can i welcome all ofthe this government. can i welcome all of the measures this government. can i welcome all of the measures in this government. can i welcome all of the measures in his this government. can i welcome all of the measures in his statement . of the measures in his statement today? i think it is absolutely right that people look for better value for the taxpayer through spending restraints. can he confirm any cuts to spending will not impact on capital expenditure, infrastructure expenditure, particularly across the north, and that it will fully deliver on projects that we have already committed to, such as northern powerhouse rail. this committed to, such as northern powerhouse rail. committed to, such as northern powerhouse rail. as my honourable friend will no, powe
off the table, whether tax increases orspending reductions. but off the table, whether tax increases or spending reductions. buti off the table, whether tax increases or spending reductions. but i don t believe it is possible to have a long term, credible, economic growth strategy that does not recognise the vital importance of capital spending. vital importance of capital spending- vital importance of capital sendina. . ,. . spending. even a screeching u-turn can t repair spending. even a screeching u-turn can t repair the spending. even a screeching u-turn can t repair the damage spending. even a screeching u-turn can t repair the damage when - spending. even a screeching u-turn can t repair the damage when we i spending. even a screeching u-turn i can t repair the damage when we have already had the crash. but when the chancellor dismantled trussonomics overnight, why on earth did he decide to carry on boosting banker bonuses in the heart of a cost of living crisis? living cr
debt ceiling. did i miss something? was all that spending during the trump administration paid for? it makes you laugh. look, we expected debate but let s try to debate on the facts. during the last administration, the signature economic initiative was a completely unpaid for tax cut, most of which went to the most well off. that tax cut cost at least $2 trillion to the economy. and has not was not demonstrated to have any real manifest benefit to the economy. over that four-year period, the unpaid four initiatives added up to actually $8 trillion. and during that period there was really no not even an effort, not even an effort made to offset those costs with either revenue increases or spending reductions. that s what we inherited. president biden from the get-go had a very different point of view. rescuing the economy from an emergency, that s one thing. but on all of the long-term initiatives that he has proposed, every single one of them, he has identified how he would ful
we will continue to be imposing cuts to nondefense spending. this president has proposed more spending reductions on any president in history, but at the moment, we find ourselves bill: you are looking at $22 trillion. and you know, conservatives and the republican party are going to hammer you on this. here is mike johnson. he writes out of louisiana this proposal increases spending by about $2 trillion in the next decade. it only provides $77 billion in offsets. no new controls have been put in to control runaway spending. what do you say to those members of congress who may give you a no vote on this? i love the conservatives who are bringing attention to the problems that we have with fiscal problems in this country. it more spending cuts than any president in history, and we have been negotiating for five months. we are now up against a deadline, headed into the august
investigations. my question for pelosi in a round-about way i ll answer you, do you anticipate a budget deal? i mean, huge, steep budget cuts going into effect beginning of next year. based on the president s behavior, do you believe you ll be able to sit down and work with him to prevent billions of dollars of spending reductions aimed at the pentagon and domestic spending in january? a critical question will have impact on the economy, the country, something we need to get our minds wrapped around over the next couple months. anna, also it seems as if based on two court decisions this week, and the state legislature here in new york, their vote yesterday, it would seem as if lawmakers are much closer to getting their hands on the president s finances than they were just a couple weeks ago. we ll talk about that on the other side, anna. if you guys can stick around. right now let s listen in to speaker nancy pelosi. thank you for the delay. we had a little took a little