Maya MacGuineas on CNN Newsroom

Maya MacGuineas on CNN Newsroom



my um here's my question for you on this whole with with it within today obviously the news is the fact that Trump released his budget to Congress projected to balance a budget in fifteen years cutting funding for almost all federal agencies by 2.7 trillion the biggie that everyone's latching on to today obviously is the eight point six billion for construction of the border wall there was a question again from one of the reporters today is Mexico going to pay for it newsflash no why do you think the president is bringing this up again is it about the fight for 2020 use it about needing the money what do you think right well I think the fact that the wall is gonna be what gets so much attention when this is the president putting out what's supposed to be the whole blueprint for the how we would guide the country forward but the reality is that the budget has become less and less serious and this just kind of demonstrates this that this will have a big political fight over the wall and nobody will notice a couple really key things here this is a president who for many years was quite critical of President Obama and all the debt he added but this budget would add another seven and a half trillion dollars to the national debt over the next decade and if you use realistic numbers which it's growth numbers are way too aggressive closer to ten and a half trillion dollars so it's kind of look at the sparkly thing over here create a fight and unfortunately our entire budget process which is really important to the governance of the country is becoming less and less important and not being taken very seriously let me play something for you because we took live the Q&A was Sarah Sanders prior to that Russ bought the new OMB director spoke and so I want to play what he said specifically about the deficit Washington has a spending problem and it in dangers the future prosperity of our nation for generations to come so we also said that it gets harder to balance the budget every year Congress doesn't go along with with their spending plan so my question to you is is it is it Congress's fault is it the White House's fault you know the administration asking for a five percent increase in defense spending to 750 billion here's what he had to say about that and to be clear this is not funding for endless wars this is for research and development and procurement to fund the most awe-inspiring military the world has ever known so the other piece of this is you know at a time when the u.s. is pulling out of Syria Afghanistan where would the money go right so let's be let's be real about the problems in Washington we have a spending problem and we have a revenue problem and this budget doesn't really address either them seriously in that it extends all of the tax cuts in the baseline and doesn't pay for them so that makes our revenue problem even worse and it ignores the biggest drivers of our national debt the bigger program Social Security it does do some healthcare savings but it would need to do more and it doesn't get serious about the parts of the budget that are gonna actually fix the problem so the focus on very small domestic discretionary savings which in reality aren't going to happen and are not going to be paired with big increases in defense and some of the welfare programs are which are targeted in a way that Democrats will never go along with means we're still not being serious about the big question which is how if you want to spend more money are you going to pay for it and how are we not going to continue this endless cycle of borrowing that's causing our debt to grow even faster than our economy that's gonna leave us very weak for all the future challenges including a potentially recession that we're going to face at some point yes yes listening to you saying John Avlon nodding

Author:

Leave a Reply

Your email address will not be published. Required fields are marked *