On Wednesday, CNN “Reality Check” host John Avlon slammed Republicans for lying about their plan for the federal deficit — and their hypocritical lack of concern that it has been a massive failure.
“Over one year ago, we started ‘Reality Check’ on ‘New Day,'” said Avlon. “The very first topic we hit was GOP hypocrisy over the deficit. It seems their new slogan should be, deficits don’t matter unless a Democrat is president. Because the U.S. deficit is exploding during an economic expansion under tax cuts and spending hikes under president Trump. It’s getting worse. During the debate over the Trump tax cut we were told this over and over again.”
“The tax plan will pay for itself with economic growth,” said Treasury Secretary Steve Mnuchin in a clip.
“Not so much,” said Avlon. “In fact the deficit grew 27 percent in the first few months of this fiscal year to an astonishing $866.8 billion. And we’re not expected to exceed with federal spending hitting a record $3.7 trillion.”
“Fiscal conservatives on Capitol Hill had this response,” added Avlon, to the sound of crickets.
“Keep in mind, all this is happening during a record-breaking economic expansion,” said Avlon. “Now its 122nd month. Roughly three quarters under President Obama and one quarter under President Trump. And that’s why these deficits are so troubling. They shouldn’t be growing at this stage of economic expansion.”
“But wait, you say. Larry Kudlow told us last summer the deficit is coming down and coming rapidly,” continued Avlon. “Well, that wasn’t true then and even worse now. Kudlow now says the record debt is not a huge problem at all. So I guess we can forget the Trump promise to eliminate it in eight years because he’s almost increased it by twofold so far.”
“Our friends at CNN Business did some number crunching to put this record in perspective,” said Avlon. “In his presidency to date, 645 trading days to be precise, Trump has seen the stock market rise, but that lags way under the stock market growth by Obama at this point of his president at 46 percent. But the stock market is the least of our worries. It’s the merciless budget math that doesn’t add up. With deficits exploding due to a giddy combination of tax cuts and spending hikes passed along party lines. It brings to mind something Larry Kudlow once said.”
“We’re getting another goofy deficit, blow the hole wide open short-term plan, which frankly I don’t think anybody believes this stuff anymore outside of the White House,” said Kudlow in a clip.
Scrambling Trump promises to ‘save’ social security after threatening to cut it — but it’s seniors who will pay for his recklessness
It used to be said that cutting Social Security was politics’ third rail, a fatal taking of positions.
If that’s still true, you wouldn’t know it from the emerging attention that cutting Social Security is getting.
Indeed, look at Trump’s handling of Social Security, and you may find real flaws in the armor of a Best-of-All-Time economy cloak that Trump tries to wear.
Even as Bernie Sanders and Joe Biden mix it up over whether Biden did or did not say something supportive about a Republican plan in 2008 by then-Rep. Paul D. Ryan for spending reductions, here comes Donald Trump to promise that he is open to revamping entitlement programs towards the end of the year.
White House lawyers were desperate not to talk about Rudy Giuliani — or Trump’s other conspiracy theories: CNN analyst
On Saturday, CNN analyst Gloria Borger noted a key piece of the timeline that was conveniently missing from the defense presented by President Donald Trump's legal team: The involvement of Trump's private lawyer Rudy Giuliani.
"The one person that Jay Sekulow didn't mention is Rudy Giuliani, because this is Rudy Giuliani's theory of the game here," said Borger. "They were very careful not to bring up Rudy Giuliani because they know that he is not well regarded in the United States Senate, but if you again look at this summary of the transcript of the president's phone call, the president talks about CrowdStrike, he talks about a lot of things that went on. 'I would like to have the attorney general call you or your people, I would like to have you get to the bottom of it,' this whole nonsense, he talked about Bob Mueller and said a lot of it started with Ukraine."
Pompeo ridiculed by CNN panel for his ‘phony mock outrage’ response after being outed as a foul-mouthed bully
Responding to a statement from Secretary of State Mike Pompeo issued through the State Department accusing an NPR journalist of being "shameless" for going public with an encounter she had with him in his offices where he cursed at her, a CNN panel all but rolled their eyes at his "phony" outrage.
Speaking with host Anderson Cooper, CNN legal analyst Jeffrey Toobin called out the blustery Pompeo as well as many Republicans who took "umbrage" at Rep. Adam Schiff (D-CA) mentioning a report that the Donald Trump would have their heads on "on a pike" if they crossed him.