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The Daily

Wednesday, Feb. 14, 2018

The Daily

The New York Times

Daily News, News

4.4102.8K Ratings

🗓️ 14 February 2018

⏱️ 21 minutes

🧾️ Download transcript

Summary

As a candidate, Donald J. Trump was very critical of the size of the national debt. As president, he has proposed a budget that would add $7 trillion to the federal deficit over the next decade. Republicans are saying nothing. Guest: Jim Tankersley, who covers taxes and the economy for The New York Times. For more information on today’s episode, visit nytimes.com/thedaily.

Transcript

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0:00.0

From the New York Times, I'm Michael Barbaro. This is the day.

0:09.2

Today, President Trump's new budget proposal would add trillions of dollars to the federal deficit and

0:17.8

Republicans aren't talking about it.

0:21.0

Why no should be surprised.

0:24.0

It's Wednesday, February 14th.

0:34.0

We're a country that has 19 trillion dollars in debt. We're in trouble.

0:39.0

As a candidate, Donald Trump was very critical of the size of the national debt.

0:44.0

Jim Tancersley covers taxes and the economy for the times.

0:48.0

But the fact is, we have 19 trillion. We have 19 trillion.

0:52.0

So we have 19 trillion in debt. We have to get rid of it. We have to start at least knocking the heck out of it.

0:57.0

20 trillion dollars.

1:00.0

20 trillion! We owe 20 trillion dollars. Nobody even knows what it means. 20 trillion.

1:05.0

We're a poor country. We're a debtor nation.

1:08.0

And very much casted as sort of a symbol of the decline of America.

1:12.0

We just can't go on like this. We've been mismanaged. We've been misrun. We don't know what the hell we're doing.

1:17.0

By the way, when you owe 20 trillion, wouldn't it be really nice if you did have somebody that understood debt?

1:23.0

And Donald Trump was going to be well positioned to take care of it.

1:26.0

Boy, am I good at solving debt problems. Nobody can solve it like me.

1:30.0

One moment he even promised in an interview with the Washington Post that he would pay it off entirely if he was president for eight years.

1:37.0

And then what happens when Trump takes office?

1:40.0

Donald Trump takes office and...

1:43.0

It doesn't sound like President Trump is remotely concerned about deficit spending.

...

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