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dana: auto loans, sometimes auto dealers will make up for it, but brass tacks, it goes higher. adjustable rate mortgages go higher. also, if you re doing any work on your home, home equity lines, they go higher. so borrowing is more expensive for all of us as individuals, also gets more expensive for any kind of company that wants to borrow for my reason. president trump has spoken out as we know against rising rates. so love him or hate him, it s in part because of that dynamic. the fed s interest rate increases do act to slow the economy. i want to bring you back to the credit card rates. average credit card rates, 17.6%. that s why if you re a millenni millennial, your parents tell you to pay it off. for a $10,000 credit card balance is likely to add $2 a month to a minimum payment. doesn t sound like a lot. ....
We run a trade deficit because we actually import capital from the rest of the world, which is good thing. look, i m not hung up on the trade deficit. i think one of my few complaints with donald trump is i think he s too hung up on the size of the trade deficit. i don t know where you fall on that is correct bob, but i don t think the trade deficit is all that important. i think you are trying really hard, our economy is service economy, right. that s true. technology and services so to say let s leave those out, that s twisting the numbers to try to find a way to have the guy be right. i m sorry, that s hard to call it any other name. can i go through the numbers? sure. sarah sanders came out in a tweet to site statistics to prove there is a deficit. did what you did, said goods only, objects only, cars, toys. so she said that s $17.6 3w8 deficit. that s right. obviously when you add in services h which again is the lion share of the economy, will is a surplus. so runni ....
In states like georgia and florida and so on. limiting the subsidies increases the increases by 22.7%. in georgia by 31%. in florida 20%. and utah so on. these are major increases in premiums faced next year by people who buy their insurance in the individual market. so let s take a look at who those people are. in the next chart you can see there s 17.6 people in america who get their insurance through the individual market. about 7.5 million of those do not get other kinds of credits. they re going to bare the full brunt of the increases. the balance of the people do get some tax credits, but their insurance is at risk because as premiums go up and people stop buying insurance, insurers drop out. the cbo estimated e lem nating the subsidies will cause 1 million people to drop out and ....
Part, it was the president said that he wanted a hard power budget and he got a hard power budget. the omb director said today and yesterday in a background briefing that what the omb didn t put in the budget, they listened to every promise the president made and created a budget policy around that. that s why you re seeing major cuts at the state department in terms of the foreign aid budget. i asked the omb director how much of the 10.1 billion, the 28% being cut from the state department budget would come from the foreign aid program? he said most of it. they re also cutting payments to the united nations climate program as well. there would be big cuts in the environmental protection agency. 31% of its budget will be gone and the budget director yesterday indicated that they would be eliminating 3,200 positions. there would be a 17.6% cut to hhs and a dramatic restructuring to the national institutes of health, which this ....
Fourth of july holiday. the president in fact will hold one on friday at the white house for members of the military who are undocumented. now, according to the u.s. census, the foreign-born population in the u.s. is at an all-time high of 40 million. nearly 13% of that population up from 31 million a decade ago and 19.8 million in 1990. but taking a look inside those numbers explains a lot about why the immigration debate is where it is. our friends at the american communities project at american university examines different types of communities across the country. they have divided them into 15 county types. three of those county types big cities with 23% foreign born, hispanic centers with 20.5% and urban suburbs with 17.6% foreign-born citizens. stand out when it comes to the immigration debate. take a look at this map. the big cities and the urban suburbs are densely populated, diverse places that tend to be on the coasts and lean ....