. >> these are not especially happy days for budget director david stockman.ber issue of the atlantic monthly has a long article about stockman in which he's quoted as saying things he no doubtedly wished he had not said. >> i got an early copy. the president gave a news conference that day. i kept waving my hand. he didn't call on me. so i chased him out. >> your budget director more or less says with the economic program is wrong. it creates inflationary -- >> he had no idea what i was talking about, clearly. so i broke the story that night that the budget director blew the whistle on this plan. >> what he still contends were off the record conversations, stockman expressed disillusion. stockman refers to naive supply siders. the whole reagan plan is premised on faith. none of us understands what's going on with all these numbers. >> it was very, very damaging. a lot of people wanted him fired, but i thought we had to keep him because he knew more about the budget than anybody. so i prevailed upon the president to not fire him. >> we have faith in our progra

stockman said that we knew it wasn't going to balance the budget. we just said that for political purposes. stockman said that. he was director for the o.m.b. under ronald reagan. then in 2001 and 2003 we had tax cuts. we heard the same arguments. how it's going to grow robustly the economy. and it brought in the deepest recession anybody in this chamber, other than perhaps sam johnson, who i think is probably our oldest member, because the rest of us didn't experience the depression, it ushered in not the biggest growth rate in america, but the least job-producing eight years of any american president that i've served with. and the deepest recession that anybody in this body has experienced. nd a hemorrhaging of jobs. and in fact, the stock market, as the gentleman refers to, had a 25% decline in value over the eight years of the bush administration. with two tax cuts. where exactly the same argument for growth was made. and it didn't happen. on the other hand, i was here in 1993 when we raised taxes. not much. but a little bit. particularly for in

i want to bring in a legend, former omb director under president reagan, david stockman.bs report? you got a beautiful unemployment number. 17-year low. what does this tell you about the economy? >> i never think about the monthly establishment survey. it's noise. it doesn't tell you what you need to know about the quality and the trend of what's going on. in this report, there was 72.7 million breadwinner full-time jobs reported last month. do you know that's the same number as december 2007 and the same number as january 2000? in 17 years, we've not gained a single full-time breadwinner job in construction, the higher white collar professions and so forth in an entire century. all the jobs have been either part time, we've created 16 million jobs since clinton was in the white house, all of them have been either part time or in health and education, which depends on governments, which are insolvent everywhere in the united states. so this is not a sign of health. this is a sign of obliviousness on wall street and in washington to how serious our economic challenges are.

so this is the omb director of ronald reagan, dave stockman.ore by democrats than republicans. >> so you have very little faith they're going to plant this into equipment or hiring folks? stockman says, i think not at all. this is going into dividends, going into leveraged buyouts. that's why wall street is frothing at the mouth. and that's exactly right. there are no strings attached to this to have people hire people or to have people invest in plant and capital. >> because you don't trust the private sector. >> because in the past they have done -- >> i agree with you -- >> you want to control and manage business, tell them how to spend their money. the republicans are saying, no, we don't, we want to create more jobs and more economic growth. >> what will make the economy grow, rick, is putting money into fokt the pockets of peopl. people. >> and you believe we should dictate that and we shaould -- >> and they did do some of that in the child tax credit. i was impressed with the number that came out of the house. they made a significant inv

he was a bit of a stockman throughout his life. david combs from grand junction, colorado. >> welcome. >> thank you. kind of a note here, last few years i've been on a quest to see as many presidential museums as i can and this is the fourth one for me. i usually read a biography beforehand. i will say the best way is not to try to do it in one day. i realize now, at least a night. i just read this biography by gene edward smith. >> yes. >> so maybe it prompts this question, maybe it is too daring of a question. i wonder if he also liked westerns? >> i have seen record of that. there are pictures of horseback during world war ii, but nothing about her taste in literature. >> what did ike's parents do? were they ranchers, farmers? >> what did ike's parents do? the family arrived in 1878. largely south of here in hope, kansas, there was a short time in dennison, texas where hike was born where i think his father was in a self-imposed exile after the jgeneral store failed. ike's father david did not want to be a farmer. in fact, he we

stockman said that we knew it wasn't going to balance the budget. we just said that for political purposes. stockman said that. he was director for the o.m.b. under ronald reagan. then in 2001 and 2003 we had tax cuts. we heard the same arguments. how it's going to grow robustly the economy. and it brought in the deepest recession anybody in this chamber, other than perhaps sam johnson, who i think is probably our oldest member, because the rest of us didn't experience the depression, it ushered in not the biggest growth rate in america, but the least job-producing eight years of any american president that i've served with. and the deepest recession that anybody in this body has experienced. nd a hemorrhaging of jobs. and in fact, the stock market, as the gentleman refers to, had a 25% decline in value over the eight years of the bush administration. with two tax cuts. where exactly the same argument for growth was made. and it didn't happen. on the other hand, i was here in 1993 when we raised taxes. not much. but a little bit. particularly for in

so he was still a bit of a westerner and a stockman throughout his life. >> how are you doing, folks? just kind of a note here, the last two or three years, i've been on a quest to see as many presidential museums as i can. this is the fourth one for me. i usually read and not a biography beforehand. the best way is to try not to do it in one day. i realize now, stay at least a night. but i just read this biography by jean edward smith? maybe it prompts this question, maybe it is too daring of a question. i wondered if mamie also liked westerns? >> are you trying to set me up? [laughter] >> i have seen a record of that, there are pictures of her on horseback in world war ii, but nothing in the record about her taste in literature. sir? >> >> what did his parents do? were they ranchers, farmers, businessmen? >> the family arrived in 1878. they were largely south of here in hope, kansas. there was a short time in denison, texas where he was born, where his father was a self-imposed exile after his general store had failed in hope. i mean, the family had a number cultural background, --

they like that because this is a throwback to david stockman, starve the beast. there are people like paul ryan who would like to cut social security and medicare. he's exples sit about this. they know that on the merits they can't do that. if you put it to the american people there's resistance the many of the cutbacks they want to institute. so what they plan to do is two step. first of all, you create a larger deficit. and i've always felt people exaggerated the deficit but at a time when the economy's doing well, this is more deficit than is a good idea. not that you have to get the balance. so what they then plan to do is having created this deficit, they will use that as an argument against programs which would otherwise be popular and that also i believe by the way in terms of this, oh, it produces more revenue, alan greenspan asked when i was on the committee a few years ago by a republican congressman, isn't it true, mr. chairman, if you cut taxes right you wind up with more revenue? greenspan said, congressman, i've heard that theory and never worked ou

with that, i'm going to introduce melinda stockman to talk through the trails portion of the plan. >>good afternoon, commissioners, my focus working on this project for the vision plan was the trails and path focus area. i'm here today to present information for you. this first slide shows basically a sample of all the different people who are currently using and would like to use mclaren park. so we have a real increased interest vocallized in mountain biking and offroad cycling and we have the brand new bike park that opened on sunnydale and we'd like to add to that. we have dogs in the park, dog walkers. we have folks with different abilities, runners, trail runners and of course, little ones and older folks as well. as don mentioned with the trails and path focus area specifically, we were tasked with looking at a fairly robust trail system already in place with fantastic amenities like the philosophers way and what improvements can we make with the money given and what are the challenges? >> i'm going to show you a series of maps, the first map shows the existing multiuse trails.

. >> thank you, melinda stockman, project manager. we had three main outreach events. the final one was in june. we presented the four priority area projects to the community. we presented the organizing framework. at that time we had not developed the trail width standards. we started talking about those in later in the summer. we received questions and concerns in e-mail and just found a lot of conversation on social media that we tapped into, that wasn't reaching out to us directly. and basically when we talked about the trail width, we had a site walk with a dozen mclaren collaborative and other stakeholders and then we put the fact sheet together. i think what you're hearing today is likely in combination with the letters we've received as part of the packet, is representative of the split. we have vocal folks who have a lot of resources to dedicate who are not in support of the trail width. >> one more question in regard to the trail width. on the point of closures, how many, what is the net as a result of if that in fact happens, again, recognizing to commission

and david stockman, former director of the office of management and budget, talks about his book, "theat deformation." you can search our entire video library at c-span.org. c-span's "washington journal," live every day with news and policy issues that impact you. coming up monday morning, associated press white house reporter ken thomas and the hill congressional reporter mike willis discussed the week ahead in washington. and an update on the children's health insurance program from penny thompson. and we discussed president trump's visit to utah. be sure to watch "washington journal" live at 7:00 a.m. eastern monday morning. joined the discussion. announcer: congress is back this week. they face a midnight friday deadline to continue funding the government. they vote on whether to discuss house onon with the the tax reform now that it has passed in the senate. there could be a final confirmation vote as early as wednesday. during the week, both the house and senate are expected to vote on a short-term spending bill to keep government funded until december 22. watch the house live on

and david stockman, former director of the office of management and budget, talks about his book, "the deformation." you can search our entire video library at c-span.org. next, we are live with your calls and comments on "washington journal." we will have a preview of a supreme court oral argument on whether a colorado bakery can refuse to provide a cake for a same-sex wedding based on religious beliefs. tonight on the communicators, matthew prince, ceo of the whornet company clout flair successfully booted a neo-nazi group off the internet joins us to discuss those actions, hate speech, and the first amendment. >> >> once you start on the path deepying invisible infrastructure company running adult think you might like wheru

and david stockman, former director of the office of management and budget, talks about his book, "theat defamation." you can search our entire video library at c-span.org. announcer: c-span's "washington journal," live every day with news and policy issues that impact you. coming up monday morning, associated press white house reporter ken thomas and the hill congressional reporter mike willis discussed the week ahead in washington. and an update on the children's health insurance program from penny thompson. and we discussed president trump's visit to utah. be sure to watch "washington journal" live at 7:00 a.m. eastern monday morning. joined the discussion. nourns >> announcer: tomorrow a supreme court argument dealing with rel eejous decision and antidiscrimination lawyers, a colorado bakery that refused to same sex cake for a marriage. live carriage at 4:30 eastern on c span >>> britain's first secretary damian green stood in stood for prime ministtheresa may fos question time.

. >> and thank you joined by david stockman revealing his warning on bitcoin, plus why commodities are picked over stocks in the new year the "halftime report" is back after this short break see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade hey. pass please. i'm here to fix the elevator. nothing's wrong with the elevator. right. but you want to fix it. right. so who sent you? new guy. what new guy? watson. my analysis of sensor and maintenance data indicates elevator 3 will malfunction in 2 days. there you go. you still need a pass

it is a cynical approach, to some degree it goes back to david stockman at the beginning of the reagan administration who then denounced it because he said it can't work. of course the places that are the most vulnerable, the ones they're aiming at more than anything else are medicare, social security, and medicaid. those are the big ones. and the tax bill hits medicare and medicaid directly. 25 billion taken immediately out of medicare, and that is going to have a big impact on dual eligibles and it will have a real impact on the system itself, and it's not a functioning government's approach to actually helping citizens. yes? >> while there is more than enough reason to blame republicans where we're at now, part of the problem is also on the shoulders of the democrats. i'm reminded of a story about how lbj, when he was i think in west virginia, was actually, went to the trouble to talk to this one particular person, you know this story i see where he gets down, talks to this one particular person who had voted steadily republican all his life but because lbj went in there and talked

david stockman back in the 80s, one of the original supply siders said the same thing.oled you once, shame on you and fool you twice, shame on you moment. >> bill: on the alabama election, on which issue will doug jones work with the white house and president trump? >> well, doug jones wants to build alabama where it will work for everyone. people who work a full-time job can live a stress-free life and wants to invest in job training and make sure people have access to healthcare. he wants to make sure that children can get that health insurance that they so desperately need. we need to raise the minimum wage because there are too many -- >> bill: apparently the president invited him to come to the oval office. on which issue will he say sign me up. i'm a democrat from the deep south and i'm a yes vote on -- fill in your issue, sir. >> fair wages for folks. he wants to expand healthcare. he wants to make sure the children's health insurance program is extended. that was a program again i was working in the u.s. senate at the time as a staffer. that was orrin hatch and

david stockman, a former colleague from michigan, was here and he was at o.m.b. then, and a few years later he wrote a book and he said, i said it would pay for itself and i knew that was not true. the same can be said of this bill. mr. speaker, history will indeed remember this vote. future generations of americans will remember who cast their votes to raise taxes on 86 million middle-class households, and heap another $1.5 trillion in deficits onto our children and to our grandchildren. they will remember who cast their votes for a plan that ives 83% of its benefits to 1% of the american people. they will remember that president trump promised that the middle class would get a tax cut and the wealthy individuals, like him, would not before turning his back on that promise. they will remember those who cast their votes to kick 13 million americans off their health insurance coverage. and they will remember those who acted with the full knowledge that their votes would trigger a $25 billion cut in medicare. i know you said you're going to waive it, which will sim

david stockman, a former colleague from michigan, was here and he was at o.m.b. then, and a few years later he wrote a book and he said, i said it would pay for itself and i knew that was not true. the same can be said of this bill. mr. speaker, history will indeed remember this vote. future generations of americans will remember who cast their votes to raise taxes on 86 million middle-class households, and heap another $1.5 trillion in deficits onto our children and to our grandchildren. they will remember who cast their votes for a plan that ives 83% of its benefits to 1% of the american people. they will remember that president trump promised that the middle class would get a tax cut and the wealthy individuals, like him, would not before turning his back on that promise. they will remember those who cast their votes to kick 13 million americans off their health insurance coverage. and they will remember those who acted with the full knowledge that their votes would trigger a $25 billion cut in medicare. i know you said you're going to waive it, which will sim

david stockman, who talked ronald reagan into trickle-down, he says today it didn't work. it dew point work then. it dew point work for president bush. it didn't work for the governor from kansas. very recently, that didn't wrk -- work. it isn't going to work this time. i am apalled -- appalled we're doing this. this is the worst process we have ever been through. we operate on thompson jefferson's manual in the rules committee. we thomas everyson's manual in the rules committee. we dew point. we de -- we didn't. if we defeat the previous question, i will offer an amendment that prohibit will i legislation from being considered on the floor that limits or repeals the state and local tax deductions or repeals the a.c.a.'s individual mandate. mr. speaker, i ask unanimous consent to insert the text of my amendment in the record along with extraneous material immediately prior to the vote on the previous question. the speaker pro tempore: without objection. ms. slaughter: i am pleased to yield one minute to the gentleman from new york, the ranking member on the committee on fo

expected to face more scrutiny from regulators in washington i spoke to the former omb director david stockmanthat's one area we could see further regulation in 2018 kelly? >> i'm surprised we haven't seen it yet thank you very much. >> we're slowry starting to see it, perhaps more in 2018. >> korea's leading the way seema mody. >>> time for a cnbc news update, let's get over to kate rogers. hi, kate. >> hey there, kelly, here's blamast happening at this hour preparations under way at the cross roads of the world an estimate the 2 million people will show up to watch the ball drop in times square new york city officials are increasing security by banning backpacks, large bags and umbrellas. additional check points and street closures are expected. >>> a government report says the fda is taking too long to remove tainted food from grocery store shelves. investigators, 0 30 recalls between 2012 and 2015, the agency took an average of 57 days to recall potentially dangerous items. >>> users of fitness tracker fitbit had a very busy year. the company released stats on user activity for 2017 which