Live Breaking News & Updates on 2 7 Trillion|Page 7
Stay updated with breaking news from 2 7 trillion. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
harris: david asman in focus now. you said that potentially this could come. yeah. remember we have let s not bury the lead here. this is a good jobs number, a very good jobs number. 100,000 more than than what was expected. the problem is that americans are running out of savings. americans built up this huge pile of savings during the pandemic because of the lockdowns where they couldn t go out and spend money on vacations and stuff. 2.7 trillion of savings was developed over the pandemic. that created a tremendous buffer for them coming out of the pandemic. of course, they ve been spending a lot in the past six months or year since we got out of the lockdowns, but inflation has kicked up at the same time. and what is happening now is that americans are actually dipping into their savings because of inflation. so they are running out of their savings. what do you do when you are at home and run out of savings? ....
a trillion dollars down in three days. what does that even mean? the top five tech companies alone have lost so much money this year that it s actually more like an entire economy than a hit to corporations. think about england, one of the wealthiest countries in the world. the tech loss reached $2.7 trillion, about the annual gross domestic product of britain as the times pointed out. that s quite a haircut. that s why musk now says there s something more important in his grand plans to save free speech online. what could be more important than that? his money. the richest man in the world is worried about losing money, even though he literally has more of it than anyone. that s why he s now gone soft, weak, hesitant, waffling on the deal he negotiated and touted with so much bravado, formally ....
Before the coronavirus was $22.7 trillion. the total debt. the debt held by individuals and the debt that the government owes other parts of the government. by february of 2001 after joe biden comes into office it s $27.8 trillion. we passed all of these $3 trillion bill in march and several, $100 billion in two different bills, passed another trillion dollar bill in december. biden comes in and has 27.8. since then at the beginning of this month it s 28.9. so in just over a year less than two years we have added 6.2 trillion to the national debt. a 27% increase. now we re talking about as of friday we now know that the cost of the build back better bill could be as much as $3.3 trillion if you take out all the gimmicks. that s what joe manchin is concerned about. joe biden doesn t seem to understand that. dana: so does this sound ....
Again for a lot of reasons. keep this tape and see if i am wrong. tonight was about funding the government. you are the only guy in the whole town talking about the fraud of the build back better bill. this is a fraud. it doesn t cost 1.6-trillion dollars over 10 years. it cost 4.8 trillion dollars depending on who you believe. the bipartisan budget group. it added 2.7 trillion dollars to the debt. the programs in this bill be budget gimmicks. we expand child tax credit and pay for free community college. these programs go away after 2 years. i will be in the nba before these programs go away. they are never going away. when your look at these programs for a 10 year period, the cost ....
What many of us are feeling. 45% of american struggling with financial hardship triggered by surging inflation, 10% describe it as severe after jerome powell testified this week inflation is here to stay and stop calling a transitory with president biden pushing his build back better bill is a solution which republicans are slamming as the worst thing we can do. if you are worried about inflation lasting you want is to add $2.7 trillion to the federal deficit and spent $4.7 trillion which will pour gasoline on inflation. this comes amid concerns the new omicron variant could pose further woes to the economy is worker shortages as the president rolled out a plan to combat the covid crisis with additional mandates on americans. ....