Brendan Boyle: GOP Spending Deal, Tax Cuts Will Spike Inflation and Interest Rates

‘...and the markets already know it’

EXCERPT:

BOYLE: "There was a disagreement, though, in terms of tactics. There is a real challenge being in the minority and being in a deep minority where the other side has 47 more votes. So that’s where the disagreement came in. If we were in charge, though, you wouldn’t see a sort of divide in the vote and in fact, I think you would see 100 percent unanimous vote on the things I just talked about, DACA as well as attempting to restore some fiscal sanity. There’s one other point I want to make about this and you’ve been alluding to it all morning. Republicans deeply care about the deficit when there’s a Democrat in the White House. But then when there’s a Republican in the White House, they couldn’t care less. When you take the tax cut two months ago, combined with this increase in spending, this is a $2 trillion plan that is coming in the eighth year of an economic expansion. This will spike inflation, this will spike interest rates and the markets already know it."

Video files
Full
Compact
Audio files
Full
Compact