$2 trillion of what we re talking about lately and not connecting this to the rise of inflation, the increasing prices that consumers are seeing at the pump, the largest gas prices in california history at the pump right now. the last time there was a record high was 2012 when it was the obama administration again. yet they re not connecting this. so they re living in this just sort of fantasiland. but you have the federal reserve bank in san francisco today or this week come out and say these two are connected. the democrats $2 trillion covid relief bill passed earlier this year without any republican votes. this is inflation and stokes it. charles: we had three major covid bills. the direct money, $867 billion, the last chunk you referred to, 50% was spent on bills, 30% was
is something rightfully should be out there as a tool in the toolbox down the road, but it should not be considered at the present time. okay, you know it s expensive if the white house were to move forward. the deficit rose 27% last month to $867 billion, nearly a trillion dollars. i want to play what you said to my colleague kate baldwin a few weeks ago about the deficit and see if your opinion still holds. have a listen. i agree that the deficits are becoming a problem that is unsustainable. our national data at $23 trillion, at some point in time you run out of runway and that crisis hits. so we should be taking proactive steps now. would you support expandsing the deficit to finance a payroll tax cut if the economic numbers would change? i really think the wiser course is to address the spending if we re going to have tax reductions going porward, we should consider paying for those
nevada, you look at what would likely happen in south carolina wherein people will shut down debate. but what i ve heard from a lot of folks across the state of south carolina and now in new hampshire and other folks that have called me across this country is we need to have a concurrent debate on the republican side. democrats are having a vigorous debate. in many cases it entails more versus more. on the republican side why aren t we having a debate about the ideals that this party was originally formed on and what it stood for for a long time? why aren t we debating those things? i think it would take ground pressure to create some of those debates and primaries. one of those issues that you ve talked about for years and since i ve known you, the deficit. mounting fiscal crisis perhaps on monday of course the government as you know releasing new figures showing this year s deficit already about $867 billion already. still several months to go. that s 27% larger than it was at this
but this is in the midst of a potential downturn, which you call the risks of a recession uncomfortably high. is he highlighting one good thing? yeah, i think if you look forward the economies growth is going to be much slower. particularly manufacturing, the manufacturing industries are now pretty close to recession, right on the precipice. and it goes right back to that trade war. so, yeah, manufacturing has done pretty well up until now but looking forward the prospects nearly as good. we learned the budget deficit has widened to $867 billion just in this first half ois the eryear, so that means according to omb it will exceed a trillion for the fiscal year. do you remember when the
and enforcing transfer of technology. sandra: the editorial board at the wall street journal said they should be separate issues. to your point how can it not come up? two days of meetings with the chinese delegation. this is important as we finish up here. the president mentioned china 18 times in a speech to the american farm bureau federation two weeks ago offering assurances a deal will be reached. expectations are really high. don t forget. they signed into law the $867 billion farm bill. the administration is trying to respond to the farmers who are upset by the tariffs and they ve seen an impact. sandra: thanks, maria. bill: president trump firing back at intel chiefs after testimony at a hearing yesterday that went kind of like this. scope and the various threats facing the united states and our immediate interests worldwide is likely to further intensify this year. bill: the president defending his foreign policy decisions on syria, isis and