1 fear of grassroots conservatives and Tea Party voters with regard to a lame-duck session,” said a senior GOP aide familiar with the movement. “Passage of the Trans-Pacific Partnership is the No. Indeed, business groups disappointed with the glacial pace in Congress this year see the lame duck as virtually the only chance of moving some of their most prized bills, including legislation implementing the Trans-Pacific Partnership trade deal.
Average, who used to go to the bank every Friday and put part of his check in the bank and watch it grow over three decades and be able to retire with a nice nest egg.Ted Cruz is leading a conservative effort to end any chance of a lame-duck congressional session at the end of the year.Ĭruz, a freshman senator from Texas running for president, and right-leaning groups see huge dangers in having a session after the November elections, which they think could be used to move legislation backed by President Obama or even to confirm his Supreme Court nominee. It causes the central bank to keep the rates low, and who does that affect? Mr. Construction jobs surged and the boost to home values made many Floridians feel wealthier, leading them to spend more.īut home prices plummeted by half in the five years after Bush left office, according to Zillow data.īEN CARSON: "When we have a debt of that nature, it causes the Fed to change their policy. Home prices jumped 160 percent in Florida during Bush's tenure from 1999 through 2006 - more than double the national increase of 74 percent -according to real estate data provider Zillow. The bubble was particularly harsh in the "sun and sand" states of Florida, Arizona, Nevada and California. The state was clobbered by the housing bubble and bust that eventually dragged the whole country into the worst recession since the 1930s. THE FACTS: Trump is right that Florida's economy tanked right after Bush left office, but he's wrong about the reasons. TRUMP on Bush: "He put so much debt on Florida, and he increased spending so much, as soon as he got out of office, Florida crashed." It assumed that the tax cuts would generate significant additional economic growth and therefore more revenue, an approach that not all economists agree with.īut even taking that potential extra revenue into account, the foundation still concludes Cruz's plan would lower revenue by $768 billion over the next 10 years. The right-leaning group did conclude that the plan would generate more jobs and growth. THE FACTS: That's a selective reading of the foundation's analysis, which found that his plan would reduce tax revenues by $3.6 trillion over 10 years, requiring massive spending cuts or hugely increasing federal budget deficits. Job creation slowed to 2.7 million last year - still, the second-most since 1999.ĬRUZ: "The nonpartisan Tax Foundation estimated (my) simple flat tax that would produce 4.9 million new jobs, it would increase capital investment by 44 percent and would lift everyone's income by double digits." In 2014, employers added 3.1 million jobs, the most in 15 years. THE FACTS: While the recovery after the Great Recession has at times been sluggish, in the past two years job creation has been healthy. RUBIO: "Our economy is flat, it's not creating jobs the way it once did." The immigration bill co-authored by Rubio failed to pass in the House. He has since said his amendment was designed to help kill the broader bill. He also publicly supported the legislation in the Senate and urged its passing. While Cruz has been against an explicit path to citizenship for people in the country illegally, he did introduce legislation in that 2013 bill that proposed eventual legal status for millions of people. THE FACTS: Rubio's account is mostly right. So he either wasn't telling the truth then, or he isn't telling the truth now." RUBIO: "When that issue was being debated, Ted Cruz at a committee hearing very passionately said, 'I want immigration reform to pass, I want people to be able to come out of the shadows.' He proposed an amendment that would have legalized people here. The question for anyone on illegal immigration is, where were you in that fight?" spent fighting in Afghanistan and Iraq between 20, according to the bipartisan Committee for a Responsible Federal Budget.ĬRUZ on a failed 2013 immigration overhaul: "I stood with (Sen.) Jeff Sessions and (Rep.) Steven King and the American people to defeat that amnesty plan. That number roughly matches the amount of money the U.S.
In November, Trump cited a $2 trillion figure. expenditures in the Middle East, though, appears significantly inflated. As with most things in Syria, however, the picture is unclear because some of the moderates are fighting alongside other extremist groups, like the al-Qaida-linked Nusra Front.
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