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The loopholes. wealthyth to avoid paying their taxes f instead of cutting the number of audits for wealthy taxpayers. i just signed a law to reduce the deficit by one hundred and fourteen billion dollarslthy by cracking down on wealthy tax cheats. that s been fiscally responsible in the last two ad years. my administration has cut the deficiministration c thet bo one point seven trillion dollars, the largest deficit reduction in american history. american history. under the previous administration. the american efforts went up four years in a row becaused those record deficits, no president added more to the national deb tt in any four years than my predecessor. nearly predece 25% of the entirv national debt that took overer 200 years to accumulate was added by just one administration alone. administration last one there to fact check it. ....
He inherited a deficit from barack obama and he jacked the deficit up every single year of his presidency. the four years of his presidency, record debt, record deficits. you can say the same for george w. bush, who inherited a $155 billion surplus, and left with massive deficits, record deficits. this is incredible. and these republicans, again, i keep saying this, richard, you re a former republican yourself, i think you were. the republican party, they just don t learn. the kings of france, they experience history, they don t learn from it. this is irresponsible. it s also, joe, connected to something else ux. you said. it doesn t just fail. ....
It got worse in various iterations in the years since then. dana, what was fascinating to me, at least when i was there, there were people who believed in balancing the budget. what shocked me is when i went back five years ago, the guys that were fighting and politically willing to die for balanced budgets, for budget surplus i mean, when i left, we had $155 billion in budget surplus. then you go through the bush years, record deficits, record debt. you go through the trump years, record deficits, record debt. i mean, my god, there was always a hard sigh to the rhetoric, but some things actually got done. i mean, as far as, there were at least some people who believed in what they claim to believe. now, there s not even that. look at liz cheney. it is not about ideology. it is about being in cult. right. look at liz cheney and look a ....
The history of the republic. let me say that again. the republican budgets were the largest budgets in the history of the republic and ran up record deficits and record debt. and that s the bill actually that has come due now. we re not talking about what happens in the future. we don t know what s going to happen in the future. you don t default at your bank for debts you may accrue in the future. you default because of what you have already done and right now, jonathan lemire, this is trump s death, mcconnell debt, republican party s debt again during their socialist spending spree. admit it, if you re calling people socialists, like trump calling people socialists, mcconnell calling people socialists, socialists are big spenders, right? the republicans spent more. ....
Couple of frames of reference. california is enjoying record surpluses as the federal government is enjoying record deficits. we are significantly outperforming the rest of the nation. our domestic product meaning our economic growth, we re the fifth largest economy in the world. 115 consecutive months of net job growth, remarkably, this fire season has been below average. we actually were able to suppress the vast majority of these fires and heroism up and down the state in ways that we haven t in the past and we ve pre-positioned more assets than we ve ever had and the states are operating in extreme ways and we ll tackle homelessness and 3.75 million and we put them in the budget to jump-start our efforts and we re just getting started and the best days are in front of us and not behind us and don t believe these headlines for the totality and tell the whole story of the state of california. listen, i believe in you and i believe the state of ....