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FBC Wall Street Week May 28, 2017

We dont have enough money to take care of everybody who doesnt need help. Maria joining us is former u. S. Treasury secretary under president clinton, Larry Summers. Good to see you. I read a fair amount of what you have been saying about the president s budget. You simply call this ludicrous. Why . Its the least honest, incompetent budget thats been put out in 40 years. There are value judgments about the poor. I dont agree with those value judgments. They were elected and they have a right to make their value judgments. There are optimistic economic forekations. They are further away from the professional consensus than any administration in a generation. But they are not entitled to violate the laws of arithmetic and logic and thats what this budget does. Let me explain. They have a tax cut. They think their tax cut will spur the economy a great deal and that will generate extra revenue. I dont think they are right. Thats their ....

United States , Cayman Islands , Bob Massi , Dodd Frank , Great Deal , Donald Trump , Corporate Tax , Big Trend , Women Work , Many People , Tax Rate , Basis Points , White House , Obama Administration , Obama Administration Made , Administration Made , Growth Rate , First Administration , Administration History , Unemployment Rate , Economic Growth , Blue Chip , Consensus Economic , Economic Forecast , Financial Statements , Capitol Hill ,

FBC Wall Street Week May 28, 2017

We dont have enough money to take care of everybody who doesnt need help. Maria joining us is former u. S. Treasury secretary under president clinton, Larry Summers. Good to see you. I read a fair amount of what you have been saying about the president s budget. You simply call this ludicrous. Why . Its the least honest, incompetent budget thats been put out in 40 years. There are value judgments about the poor. I dont agree with those value judgments. They were elected and they have a right to make their value judgments. There are optimistic economic forekations. They are further away from the professional consensus than any administration in a generation. But they are not entitled to violate the laws of arithmetic and logic and thats what this budget does. Let me explain. They have a tax cut. They think their tax cut will spur the economy a great deal and that will generate extra revenue. I dont think they are right. Thats their ....

United States , Cayman Islands , Bob Massi , Dodd Frank , Great Deal , Donald Trump , Corporate Tax , Big Trend , Women Work , Many People , Tax Rate , Basis Points , White House , Obama Administration , Obama Administration Made , Administration Made , Growth Rate , First Administration , Administration History , Unemployment Rate , Economic Growth , Blue Chip , Consensus Economic , Economic Forecast , Financial Statements , Capitol Hill ,