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The Daily 202's Big Idea

President Trump is demanding top advisers craft a plan to reduce the country's deficit

The Daily 202's Big Idea

The Washington Post

Politics, News, Daily News

4.61.1K Ratings

🗓️ 26 November 2018

⏱️ 8 minutes

🧾️ Download transcript

Summary

The President has flummoxed his own aides by repeatedly seeking new spending while ruling out measures needed to address the country’s unbalanced budget.

Transcript

Click on a timestamp to play from that location

0:00.0

The Daily 202's big idea is sponsored by Delta Airlines.

0:03.8

Delta has partnered with 55 academic institutions to create a pipeline of the next generation of

0:09.2

pilots and technicians.

0:10.7

Good morning. I'm James technicians.

0:13.0

Good morning. I'm James Holman from the Washington Post, and this is the Daily

0:17.5

202 for Monday, November 26th.

0:20.0

In today's news, the US fires tear gas at protesters, including children across the Mexican

0:28.9

border.

0:29.9

George Papadopoulos must report to prison today,

0:33.2

and the Russian military is moving against Ukraine.

0:36.8

But first, the big idea.

0:49.0

President Trump is demanding top advisors craft a plan to reduce the country's ballooning budget deficits, but he has flummoxed his own aides by repeatedly seeking new spending while ruling out measures

0:55.2

needed to address the country's unbalanced budget.

0:58.8

In total, government debt has risen roughly $2 trillion since Trump took office, and the federal government now owes

1:05.3

21.7 trillion to creditors. The President's agenda has contributed to that increase and is

1:11.8

projected to continue to do so, both through those

1:14.4

GOP tax cuts and with bipartisan spending increases. Several current and

1:19.7

former senior administration officials tell Josh Dossi and Damien Paletta that the deficit issue is rarely brought up in Trump's presence because the president has no genuine interest in discussing it. For example, when former National Economic Council Director Gary Cohn's staffers prepared a presentation for Trump about deficits,

1:39.0

Cohn told them to throw it in the trash.

1:41.0

It wouldn't be necessary he explained because the president

1:44.2

doesn't care about deficits. Trump also repeatedly told cone to instruct the

1:49.2

US government to just print more money. One former senior administration official described the

...

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