Sen. Cassidy on national debt: We'll destroy the American Dream 'if we don't live within our means'

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Senate Health, Education, Labor and Pensions Committee chair Sen. Bill Cassidy (R-La.) joins ‘Squawk Box’ to discuss concerns over the national debt, how that will impact on the upcoming reconciliation bill, cutting government spending, future of the FDA, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/42d859g

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Comments

@Closertotruth2 says:

Peter Marks leaving is the best thing to happen to children’s health in many years. This is the dope that recommended Covid vaccines for children as young as 6 months without a single randomized controlled trial. He is certainly not a legitimate scientist. His mistakes resulted in many children and young adults suffering from problems more severe than a bout with Covid.

@FlyLifePhil says:

Thoughts on taxing the rich? This debt thing sounds bad.

@kenvalenti5414 says:

Tax the rich. Their incremental tax is next to zero.
Elon has lost (invested) by $200 billion tanking our government.
Just think how much money he is planning to steal from the taxpayers with that kind of investment.

@CoretteLécuyer says:

I recognise the hardships that come with economic struggles like unemployment, job loss, inflation, housing market instability, political uncertainties, and the global impact of conflicts and wars. Making ends meet during such times can be incredibly challenging. To navigate this difficult period, considering alternative job prospects, enhancing skills through online courses, and expanding your network can heighten the chances of securing employment. Moreover, prudent budgeting, exploring available financial aid programs, and seeking assistance from community organisations can offer some relief. How are you currently tackling these challenges? Have you implemented any specific strategies to cope?

@cassiusclark9653 says:

The only way I could do that was if you wanted me too I could come and pick it out for the girls to go out with me but you could come over here if you’d rather not

@jesusacosta5176 says:

American dream? What American dream? The American dream is dead with Trump in office.
Stop scaring people with the debt. Get an education moron Modern Monetary Theory says otherwise.
How about closing loopholes, deductions and exemptions?

@onionpeeler2023 says:

The American dream is already being destroyed, we still have an opportunity to save it, unless demoncrats continue obstructing every single attempt to save it that is… Would have been nice if they actually supported what the American people voted for…

@cmath6454 says:

I could care less if this country collapses

@user-qr7ee2cp4y says:

Out of control spending? Like trump spending 20 million to watch half of the superbowl? Like trump spending 150 million traveling to his golf clubs to golf between 2016 & 2020? Like trump traveling to Florida 7 times the first 8 w3eks in office to go golfing at s few million each trip? That kind of spending or are they just concerned with spending that isn't for them?

@steveg6978 says:

Really, this guy just voted to raise the debt ceiling 4.5 trillion dollars…what a liar

@erichaller2309 says:

Maybe ask the orange one stop spending like a drunkin sailor.. Mr. 8 trillion !! 4 yrs
On the same path again..

Anonymous says:

….he doesn't tell the viewers that 80% of this national debts is owned by the rich americans who make millions of dollars from this ionvestment .. he also doesn't tell the viewes that things like medic aid and social secturity is nort contributing or taken in account in relation to the nationasl debt………………….https://www.youtube.com/watch?v=s3tZXu7tDsk..

@nickyd922 says:

Doesn't trumpy have concepts of a plan????

@MangosInTrees says:

What American dream??? The one where we can’t afford housing or healthcare and wages are stagnant. And wealth inequality is worse than it’s ever been before. Tax the rich and corporations their fair share

@DavidKennedy-g5k says:

remember, Joe wears a toupee

@lawrencesullivan3307 says:

Tax cuts for the rich and gut Medicare. Great idea if you want to destroy this country.

@robinsonparra2102 says:

Same BS why don’t pay the debt.

@whimsicalhamster88 says:

Republicans have lied about this for decades. They don’t care about “the debt.” They care about tax cuts for rich people and cutting spending on the poorest. Their proposals are cutting taxes by much higher rates than they cut spending which is clearly going to raise the debt. They don’t care about. They want a society of 1% rich people and 99% of people who will do anything to survive.

@willieshoemaker8680 says:

here instead of beating around the bush….. go ahead and eliminate Medicare/Medicaid all social programs no fire department nothing eliminate it all to pay for your huge tax cut for the billionaires…. there truth is out…. that is all they want….There will be NO benefit for average people working 2 or 3 jobs… table scraps. The new world maga order….I got mine F the rest…

@later_daze_4080 says:

Cassidy is another clown.

@later_daze_4080 says:

Eisenhower had the corporate rate at 90 percent. That encouraged companies to reinvest for the tax write off thus creating more jobs and boosting the economy. What we do now is ass backwards unless you’re a billionaire.

@later_daze_4080 says:

TAX THE RICH!

@ggproductions7078 says:

oops, bit of a slip there with the "cut". Of course, there will always be savings available within any large organisation, whether that's government or Space X. But get it done in a legal, efficient way. "correcting" mistakes which ideally wouldn't have been made in the first place is a pretty inefficient way of doing it.

@timhopkins9998 says:

Sen. Cassidy forgot to say that the tariffs imposed by Trump will be the greatest hike in taxes for Americans in decades.

@erbrock1 says:

Why do they bother talking to these clowns. He'll vote for whatever the president wants which, in my opinion, will raise the debt. The federal budget cannot be balanced by going after discretionary spending. There are very few (perhaps none) members of congress who are serious about addressing federal spending.

@MikeRev-w3h says:

SINGLE PAYER NOW MO-RON!!! A five year old knows this…. the only way we can control our spending…

@mikewebster3126 says:

gotta love the GOP and their non stop debt mongering while they dont want to collect taxes, cut spending or do anything useful

@fgsdfgsgfd3453 says:

wasn't joe pushing the bax and then he got gangrenous choly? lol

@fgsdfgsgfd3453 says:

everyone: we have to cut govenrment spending for medicare, medicaid
me: how about ai doctors which have been proven to have less misdiagnosis and better patient care
ama: not that way

@Chris-j5g7w says:

Real story here is that US consumerism is out of control. The notions of untaxed incomes and wealth, and, at the same time, massive government program spending are contradictions.
Tax cuts should ONLY BE CONSIDERED after the deficit is eliminated, and the debt repaid.

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