
I actually asked the CBO director about the tax cuts, and very clearly he said that they did not pay for themselves, that they did increase the deficit.
Topic · on the record
Every quote the archive has tagged economy.

I actually asked the CBO director about the tax cuts, and very clearly he said that they did not pay for themselves, that they did increase the deficit.

the Trump tax cuts increased the deficit. Clearly, they didn't pay for themselves.

These are real numbers that you can't dispute.

In fact, we had the director of CBO here just in the last couple weeks testified, and I asked him the question: How much is the deficit and the deficit that has resulted from the Trump taxes? He couldn't give us a number.

If money were not an object, we wouldn't have to worry about spending and funding all sorts of great programs.

Let me tell you a number that we can go with: 350,000 new manufacturing jobs, growth in the economy.

There are things that we may want to do, but we simply don't have the money.

CBO says, 'As a percentage of GDP, spending on mandatory programs is going higher. But spending on discretionary programs, as a percentage of GDP, is going lower.'

Unbridled debt, an uncontrollable debt, would be an existential threat to this country.

So really, we are left just with one option. That is just raise income taxes on everybody to the point where we run out of other people's money to pay for things that we can't afford any more.

We cannot tax our way out of this problem. And to believe we can do so is being intellectually dishonest.

The cost of living is going up, but paychecks aren't keeping up.

Jobs that are going away are primarily going away because of automation.

Automation is relentless and it's going to accelerate.

I'm proud because her vision of stronger together, building an economy that works for all, not just those at the top.

The fact that under this past administration was of which Hillary Clinton was a part, we've almost doubled the national debt is atrocious.

Unemployment has fallen below 5 percent.

This is going to be the world's largest market.