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tv   Your World With Neil Cavuto  FOX News  March 13, 2017 1:00pm-2:01pm PDT

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8-14 down the shore. there's more that way and more that way. but in miami, there's just this. tomorrow will be super jealous. have a fantastic day at the beach, miami. oh, yeah, don't forget, we hate you! >> well, we're tracking two potentially dangerous storms this hour. one is a nor'easter barrelling towards the east coast with more than 60 million people in its path. the blizzard-like conditions could dump about two feet of snow. the other is this encounter. white house press secretary sean spicer ambushed inside an apple store. was this storm planned out? welcome. i'm stuart varney in for neil cavuto, this is "your world." more on the storm. but first, the political storm rocking washington now. trace gallagher is tracking that one for us.
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trace? >> stuart, the women that had her run-in with sean spicer is of indian descent. she went at him good, said he committed treason like the president and if he was aware he worked for a fascist. spicer ignored her but said this. watch it. >> how does it feel? how do you -- have you helped with the russian stuff? are you a criminal as well? have you committed treason, too? just like the president? >> thank you. >> have you committed treason? what can you tell me about russia? >> it's a great country. >> what can you tell me about russia, mr. secretary? >> thank you very much. >> what can you tell me? >> she says at first she didn't quite get what she said. when she watched it back, she wrote in a blog that said spicer said she was allowed to be hear meant she didn't belong. others say she was annoying and the comment was innocuous and meant that she had the right to
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ask what she pleased. today sean spicer said it's okay to ask aggressive questions. here he is. >> i interact with individuals all day long. 99% of them are pleasant, even with people that may not agree with our philosophy or our programs, whatever. but it's a free country. >> the woman said she organized the blockade that prevented education secretary betsy devos from entering a public school. devos is under protection from the u.s. marshals. president trump's national government course here in southern california was vandalized by environmental activists that carved no more tigers, no more woods into the grass. they said it was a protest because the president's blatant disregard for the environment. stuart? >> thanks. ambushing the while house press secretary, blog, betsy devos and
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vandalizing president trump's golf course. is all of this going too far or is it justified? let's ask julie alvin. welcome to the program. >> thanks for having me. >> i say it's out of bounds. i say it's harassment and intimidation when you chase a public official through a store on private business, calling him names. it's out of bounds. you say? >> i don't disagree with you. i think everyone deserves to have a personal life. i don't necessarily agree with very much of what the trump administration is doing. i don't necessarily agree with the way that sean spicer is doing his job. can it be misleading at time. does he deserve to have a partial life and go shopping without being interrupted? yes. >> would you say this young lady went too far? >> the way she approached him is reflective of fear and anger that people feel for the trump administration. they're worried about -- >> and how about a situation where public officials in their
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private time visiting a store are shouted at with nasty language like that and pursued and in fact followed? surely we don't want to see this introduced in our society. >> like i said, sean spicer deserves to have a personal, private life. >> has -- as the editor of bustle.com, would you tell her to knock it off. >> i would -- >> that's very nice. i got that. this is a public expression of rage that borders on intimidation of public official ls. i say knock it off. >> i say one thing the woman said is she believed this would afford her unique access to sean spicer when he doesn't have the protections that he's afforded by being behind the podium. it was having your hopes set too high. i think he's probably been tirelessly media trained,
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whatever that looked like in the trump administration. i'm not really sure. >> sandra: but i think thinking this would be an opportunity to get some facts out of him, some answers. >> i think he took it very well, actually. because he had to. if he would have turned around and said knock it off, young lady, if he said that, that would encourage more and more people to pursue more and more officials to do it over and over again. >> he was quite composed. i think him saying this country allows you to be here, whether or not that had a racial undertone -- >> you're not seriously. you don't think that was raci racially oriented? >> i don't know. >> why bring it up? you think she's justified in saying that? >> it was brought up in the broadcast of something your anchor said. >> we can agree on this. the level of rage and emotion that we've reached in our society in the last 53 days of the trump presidency is going far too far.
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introducing an element that we shouldn't be introducing to american public life. >> i don't think i can agree with that. the rage is justified. a lot of things the trump administration has done as far as misrepresenting facts, the hasty immigration ban, as far as the way trumpcare is affecting lower income families, rolling back health protections for women. there's a lot of rage. i'm mad. a lot of people are mad. protests and you know, these public demonstrations are ways of expressing that. i think the rage is proportionate. >> really? >> yes, i do. >> we disagree. julie, thanks for being with us. >> thanks for having me. >> there's no indication that sean spicer has secret service protection. does he and other administration officials now need it? with us, former secret service agent dan bongino. all right, dan. does sean spicer and other officials need secret service around them? >> you know, stuart, i think
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sadly with the trump administration, they're going to have to expand that protective umbrella. i wish that weren't the case. you have to understand -- you can't understand any of this without going to the far left ideology. their whole ideology is centered around the use of government force to take things away from them. once they love the government source, the ends justify the means. vandalism, violence, burning buildings, protests, speakers, it all goes in the left. the ends will always justify the means for them. >> we have to be conscious of what kind of society we are. we're not some third world dictatorship. we're the united states of america. if we surround our public officials with body guards, we look like something very different. you'd be unwilling to go that far, wouldn't you? >> well, we're not going to surround every public official with body guards. there's not enough assets to do that. it's not even practical. with the trump administration and the cabinet officials -- listen, i'm a libertarian at
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heart. a libertarian doesn't mean you have the right to impose violence on will. i don't have a problem with this person confronting sean spicer and asking questions. even if she was rude, which i think she was. i certainly have a problem with betsy devos, that gentleman getting in front of her car and literally stopping her from leaving or entering a building. there's nothing liberty or freedom loving about that. that's impeding the movement of somebody else. if trump officials need it, let's do it. >> the left says that to what they did with betsy devos is legit because she was on education business. therefore it's acceptable to get ride at her and confront her. you don't think that is legit? >> well, i think very little of the far left says is legit. they'll say anything to get across a political point. but no, that's not legit. how is impeding the movement of a free american citizen doing
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her job to speak to kids? explain to me any liberal out there, explain to me how that is legitimate? one of them put their hands on her, by the way, when they made physical contact. in a free society, that's not leg legit. only the left would thing that. >> thanks, dan. >> thank you. >> let's get to the massive snowstorm. it's supposed to hit shortly after midnight tonight. joe is here on how bad it can get. spell it out, joe. >> north of the mason-dixon line, east of the appalachians, the worth storm since 1993. we'll see winds on the new jersey coast, long island, reaching hurricane force for three or four horse as the storm approach where it may change to rain. 6:00 to 9:00 in d.c. you get to 9:00 to midnight in philly.
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midnight to 3:00 a.m. in new york city. up in boston, should be there by sunrise. it's a transitional storm. you go to the coast, snow as few hours and changes to rain. eastern end of long, 3 to 6. west enend, 6 to 12 before the rain comes in. new york city is 12 to 18. philadelphia, 6 to 12. downtown d.c., 3 to 6. baltimore, 4 to 8. west of there, 30, 40 miles, it's a raging blizzard. much of northern new jersey, new york, eastern pennsylvania. it's going to come fast and hard. may be lightning and thunder with it at the height of the storm. it's a 6-12-hour event, stuart. moves very quickly. when it's gone, much of this area will have one of the biggest snowstorms we've seen since 1993. >> all right, joe. we've been warmed. thanks very much. >> thanks for having me. >> just -- you just heard how bad the storm can get.
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millions of people are in the danger zone. that's not stopping former dnc chair donna brazil from trying to tie this to president trump. how is he doing that? did she just go too far? first, whose score on healthcare matters more? the one coming from the government number crunchers or the one coming from the folks being crunched? >> i lost my plan three times during the obama care era. it's almost put our family in financial ruin. that's the story for a lot of people. the command performance sales event is here. experience exciting offers on our most elevated suvs ever.
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>> breaking now, some of the first reports about the cbo. point number 1, the healthcare bill will cut the budget deficit by $337 billion. number number 2, if the ryan plan will lead to an increase of 21 million people and a number of uninsured by the year 2020 compared to current law. so it cuts the deficit, but increases the number of people who are uninsured. let's go to washington examiner's from the white house with the very latest. have i got those numbers accurate? >> you do, stuart. these are just coming out. looks like they're good and bad news for the administration in the projections. we're seeing that it's going to the decrease the federal deficit over the course of time, but
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it's going to more than double the number of uninsured americans by 2026. so under the current law, 28 million americans are not expected to have health insurance under the gop replacement plan. that number would rise to 52 million, which is a figure that this administration is going to have a difficult time spinning to look positive for them. >> gabby, thanks very much. i have with me betsy mccoy. this is going to be happening quick. now, this cbo report says more people will be uninsured under the ryan plan. 21 million more. what do you say? >> it's implausible. first of all, this bill grandfathers everyone that is newly covered under medicaid. obviously the cbo is presuming that nobody will want their health insurance unless it's a total freebie. the fact is that they're ignoring the most important section of the bill, 2202, which
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will substantially lower premiums by paying for the care for the very sick with federal tax dollars instead of premiums. >> you've been right before about the cost of obamacare. >> that's right. >> you're now saying this increase, this projected increase -- >> totally implausible. >> not going to happen? >> no. >> what do you make of what may be good news for the administration, that the healthcare bill would cut the deficit by $337 billion? >> i'll take it. that is plausible. we see that the spending will be down substantially. this nation needs medicaid reform. right now 57% of all dollars going to the states from the federal government are for one thing. medicaid. nothing for roads -- >> let's go to the videotape. this is president trump in the white house. let's go to it. >> today we're beginning the process of a long overdue reorganization of the federal departments and agencies. we have assembled one of the greatest cabinets in history.
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i believe that. we want to empower them to make their agencies as lean and as effective as possible and they know how to do it. today there's duplication and redundancy everywhere. billions and billions of dollars are being wasted on activities that are not good results for hard working american taxpayers and not even coming close. this order requires a thorough examination of every executive department and agency to see where money is being wasted, how services can be improved and whether programs are truly serving american citizens. the director of office of management and budget will oversee the evaluation, working with experts inside and outside of the federal government as well as seeking input from the american people themselves. based on this input, we will develop a detailed plan to make the federal government work better, consolidating and
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eliminating whereness. in other words, making the federal government more efficient and very, very cost productive. so we're going to do something i think very, very special and never has been done to the extend that we'll be able to do you're already seeing respects. we'll work with congress to implement these recommendations on behalf of the american people. so with that, i want to thank everybody very much and i want to wish the cabinet good luck. i think we have some of the finest people ever assembled for a cabinet. we're going to do a great job for the american people. thank you very much. thank you. >> that's the signal. the president says thank you very much. everybody leaves. her talking with his cabinet members. not a full cabinet yet, by the way. he talked about cost cutting in the executive branch. i want to get back to the cbo's scoring of the ryan plan, the
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replacement of obamacare. one more item for you. according to the cbo, the premiums paid by individual insurance holders would go up 15 to 20% 2018 and 2019. we still have betsy mccoy with me. you know what we're talking about. >> they're incorrect. they're ignoring the most important paragraph: it provides a multibillion fund each year to identify the sick estate in the individual market and reimburse the insurers for the cost of their care. the healthy people buying insurance in the individual market, their premiums won't have to go way up to cover the sick as did under obamacare. that's why premiums won't go up. >> but the cbo knows that. >> they were wrong last time. >> are they ignoring this?
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>> they are. when they looked at obamacare, they saw that obamacare put healthy people and sick people in the same insurance pool and told them to pay the seem premium. that's why premiums doubled. 5% used 50% healthcare. so individuals that were healthy paid their premiums, never met their deductibles because all the money was going to the small number of very sick people. they ignored the impact of that rule under obamacare and they're ignoring the fix for it in this bill. >> this is a politically very important report that we've just got here. i'm going to take a moment to repeat the three items that we know from the cbo report. number 1, the healthcare bill would decrease, cut the budget deficit by $337 billion between now and 2026. >> that's realistic. >> you like that. >> i can see that they're spending less money on subsidies. >> you're an opponent of obamacare. don't forget that. >> i read it. i know what is in here. >> you did. i've been talking to you about
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it for years and years. point number,2 it would lead to, if the ryan plan, if implemented as is, would lead to an extra 21 million people uninsured after the -- by 2020. >> totally im plausible. we know that won't happen. the states are being given the flexibility to keep all of the newly enrolled people on the roll. they're being asked to spend more wisely after 2020. >> okay. you don't like most of it. you don't like a bit of it. >> you know what else? nothing about the impact of jobs. repealing obamacare is a jobs bill. >> i'm giving headlines. that may be included. betsy, thanks. i want to go to pete roscum. congressman, you heard what we've been talking about here. what is your comment on these just initial points that we're getting in the cbo report?
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>> two things come to mind. first of all, i've not seen it. that said. but the first point is, cbo got it wrong when the affordable care act passed. they predicted it would increase coverage to 20 million people. the fact is it came in at half that. 10 million. that's the first point. the second point is this is looking at part of the puzzle. this is not the whole remedy, this is not the whole approach. this is the part that deals with reconciliation. they're still other parts that we're proposing that will deal with what secretary price can do at health and human services and other bills moving forward in terms of insurance reforms. so is it a hot headline? yeah, it's a hot headline. but it's not something that describes the totality of the approach. the status quo is not working. the status quo is underperforming. i think most folks in my constituency say look, let's turn the page, make sure that folks aren't hurt but hat the same time, let's try to do something far better.
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>> congressman, on the fox business network, i interviewed a previous director of the cbo. i asked him how he scored obamacare in the first place. here's his response. >> the cbo's predictions weren't fully accurate. not as accurate as i wanted them to be but a lot more accurate than the random guesses made by a lot of other people, including opponents. cbo was more right than other people were. you shouldn't take their numbers as accurate. they're not. >> you heard what he had to say there. don't take the numbers as precisely accurate. they're not. i take it you agree with that sentiment. >> i do agree with that sentiment, stuart. here's the larger point. here's what we know. the things that are certain is that the status quo has not performed well. in other words, there's people in my citisy and around the country that are told if you like your doctor, keep it. keep your coverage and you'll save $2,500 per year. none of that turned out to be
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true by and large. so what most folks are saying, we're willing to move forward on something new. we want a reasonable and smooth transition. the president talked about that in his state of the union message. secretary price has talked about that particularly as well. let's transition into something. we know the status quote is not sustainable. the markets are collapsing. a third of u.s. counties only have one health insurer. the question is let's move forward and move forward cautiously and deliberately but let's move forward. we don't have to live like this. >> i do have to ask about tax reform. seems like, you're on the house ways and means economity, that's what you deal with tax reform. seems like the deadline is being shifted further and further. on this program, treasury secretary said we're going to get it signed and delivered by the august recess. that now seems to be stretching
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out into the fall. will you tell our viewers that yes, indeed we'll get tax reform done this calendar year, 2017, no question about it? would you do that for us? >> they're's what i think. i think it happens in 2017 or it doesn't happen. either we recognize there's momentum behind this and it happens in 2017 or the u.s. will miss the opportunity. so i think it's incumbent on all of us to press forward. tax reform is more like ripe fruit. you know when the fruit is ripe. you don't necessarily pull the fries out of the fryer. you know what i'm saying? >> i do, indeed. i was told that the president, president trump, could preempt all of this and simply say that whenever we get tax reform, it will be retroactive, for example, to the day of inauguration. january 20th. everybody knows this is what we're going to get and it's going to go retroactive. that would solve a few problems, wouldn't it? >> i think it would solve a few
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problems. i'm not convinced necessarily that the president has the authority under the law to do that by declaration. but clearly the effective date is an important one. i think moving forward we want to make sure that transitions here are incredibly important. that transition rules are well-understood and transitions are smooth from a tax code that is basically failing and dissolving underneath us into a tax code that we think can create more growth. in fairness, you need a smooth transiti transition. you don't want to pull the rug out that people can't make the proper plans. >> congressman, you do a great job of calming everybody does. congressman pete roskam, thanks for joining us. >> thanks, stewart. millions of people in the path of this monster storm, they're hoping for the best. but is former dnc chair donna brazil hoping for the worst? just because it might look bad
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for president trump. the tweet causing the firestorm next. oh, not so fast, carl. ♪ oh no. schwab, again? index investing for that low? that's three times less than fidelity... ...and four times less than vanguard. what's next, no minimums? ...no minimums. schwab has lowered the cost of investing again. introducing the lowest cost index funds in the industry with no minimums. i bet they're calling about the schwab news. schwab. a modern approach to wealth management.
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today, i am helping people work better... and also feel better. i am helping hospitals personalize treatments using billions of data points. and working with medtronic to predict the highs and lows of diabetes, hours in advance. and i am working with orreco to use biomarker data to boost the performance of athletes. hello, my name is watson. working together, we can help everyone live healthier. >> stuart: are we looking at a travel nightmare? flyers feeling the pain. airlines cancelling 5,600 flights today and tomorrow. how bad will it get? we'll be back in 60 seconds. felm and with safelite's exclusive "on my way text" she knew exactly when i'd be there,
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so she didn't miss a single shot. i replaced her windshield giving her more time for what matters most. tech: how'd ya do? player: we won! tech: nice! that's another safelite advantage. mom: thank you so much! (team sing) safelite repair, safelite replace. when they thought they should westart saving for retirement.le then we asked some older people when they actually did start saving. this gap between when we should start saving and when we actually do is one of the reasons why too many of us aren't prepared for retirement. just start as early as you can. it's going to pay off in the future. if we all start saving a little more today, we'll all be better prepared tomorrow. prudential. bring your challenges. >> stuart: call it a bank robbe robbery by the bank against you.
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banks raking in $5.4 billion in fees last year. a u.s. bank corps, annual fees at $666. no matter some of you think the devil is upon us. jonathan from wells fargo is here with us. >> stuart, the banks are making a lot of money. their stock prices are surges and so are their fees. pretty much across the board. maintenance charges, atm fees, overdraft fees. all adding up to a pretty big bill for the average consumer. take a look. the figured by chime says the average, $665. bank of america, $497. wells fargo, $302.
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the dropped revenue for the top three banks climbed from $5.1 billion in 2015 to $5.4 billion in 2016. an increase of 6%. analysts say a lot of people don't realize that they're getting these charges and when they're paying them. those that do certainly aren't happy about it. listen here. >> it sucks. i don't know. you can't do anything about it though. there's not really boutique banks. you get this big bank or that big bank. >> i do think the banking market is rather competitive. i'd like to see it more deregulated. >> i haven't thought about the fees on just having an account other than the fees of having a credit card or debit card. >> as i say, the banks are in a very good place financially right now, stuart. it's unlikely any of the charges
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will be reversed because of that. we know that once a fee is introduced and becomes the norm, the banks are about to reverse it any time soon. >> jonathan in los angeles. >> i've been receiving the latest information on the blizzard forecast. we're prepared. everybody in government is fully prepared and ready. >> president trump saying the government is ready for the northeastern blizzard. is one democrat hoping otherwise? former democrat national committee chair, donna brazil tweeting number 43 twisted with katrina, number 44 soaked in sandy, will donald dump stella? can 40 million people find stella sobers under number 45's leadership? the gop strategist ashley hyak and genevieve week and robin viro. robin, you think that's okay?
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>> you know, i don't take that as criticism or a scintilla of criticism. she's saying this will be a test of his leadership to be fair, she said that sandy was a test of obama's leadership. so that's all we've got here. what i really wish that she would have said is about how donald trump is proposing massive cuts to fema, the tsa and the epa. >> stuart: okay. we got that. it sounded sarcastic to me. how about you? >> yeah, these kind of tweets, they're always funny until somebody gets hurt. the reality is sending out a tweet like this prior to a storm -- she has no idea what will happen. again, i would also argue -- people send out tweets that they have no reason commenting on this. is one of those where she has no play in this game from. a political standpoint, if she wanted to talk about fema, you can do that. the appropriate thing before a storm like, this our prayers are
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with those in the path of stella or whatever the storm is. not basically trying to put kind of a political play out there. even if her tweet was not meant to, you know, suggest president trump is going to do a bad job, the fact that she put it out there shows she's playing politics with it. >> ashley, i guess you don't like this tweet from donna brazile. >> absolutely not. how bad to wish a terrible disaster on the american people. she's undermining the hundreds of americans that work to provide public aid and safety, to keep the roads clear. she's taking a dig at them and the families. this is not a laughing matter and not something to be taken lightly. i'd like to remind you in 2016 was president obama couldn't be bothered from golfing, president trump and mike pence were in louisiana dealing with the flood that claimed 13 lives. that's the kind of presidency
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i'm glad we have. >> stuart: it seems a little witch that donna brazile put out this tweet, she's allowed the lady that lied and never apologized for it. rip, isn't it? >> i'm not a donna brazile fan after that and i'm not here to defend her. i'm glad she resigned and no longer the chair she was. she's gone now. she doesn't need my help defending her here. >> stuart: this kinds of sarcasm doesn't do the democrat cause much good. >> no, it does not. absolutely not. like i said, she would have been better off to point out that trump has 11% cuts to the epa and fema to fund the border wall. that would have been a more appropriate twit. >> genevieve? >> yes. storms are not political. it's not about whether they have
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an r or d next to their name. the fact is, we ought to be hoping that no one suffers in this. going back to president bush or president obama, the people that were hurt for that i don't care habit the bad p.r. for the two presidents. what we should care about is people in new jersey hurt by sandy and those in new orleans hurt by katrina. that's where the focus should be. you put the political spin on it, it takes the focus off the folks that really should be talking about. >> stuart: ashley, last word. >> it's hypocritical to say you want the best nor the country and the people and undermining the president and the people that need help and need safety as genevieve just stated. does nothing to move our country forward. >> stuart: good debate. thanks for being with us. >> thank you. >> stuart: here's what's coming up. is repealing or replacing obamacare better than doing nothing to it? forget what the number crunchers say what does folks living with it say? we're going to ask one of them
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that just met with the president. he's next.
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>> as i was leaving the house, my 11-year-old said, dad, give this to mr. president for me. >> let me have that. >> i hope i don't get in trouble with that. >> dear president trump, it's a great honor to write to the president of the u.s.a. i think you're a great president and a great man. also, don't worry. the picture on the front of this looks nothing like you". [laughter] >> stuart: all right. that gentleman there, the one that handed the picture across to president trump is name is greg knox. he's with us now. he was in the listening session with president trump earlier today. greg, welcome to the program. can you tell me -- the president was listening to victims of obamacare. in what way are you and your
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family or your business victims of obamacare? >> i'm a small business man in cincinnati, ohio. i have a small business. i started at 21 years ago and i explained to the administration, to use the great ronald reagan's words, the scariest words are we're from the government and we're here to help. i explained today the system was broken before the previous administration got their hands on it. 21 years ago, i wanted to offer my employees 100% healthcare for life for them and their families. after 15 years, i was one of the last holdouts, but i'm evident that i could have a company or provide that level of healthcare but not both. the system was broken previous to the last administration. but to ronald reagan's words, they took it, the government got their hands on it and drove it off the cliff. >> stuart: i'm sure you're aware, greg, a few moments ago, we had the congressional budget office, the bean counters, they took a look at the replacement
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plan for obamacare. one of the conclusions was that it's going to raise premiums 15 to 20% for individual policy holders 2018s and 2019. premium price goes up more. what is your reaction to that? >> that's the reason i wanted to come to washington and talk to them. because i think that we're going down the wrong path. there's obviously a spectrum of thoughts on this. you have the -- call it obamacare light or rhino care on the one end and people think it's not going far enough. so my perspective, we need to get back to what made the country great. it was work ethic, not welfare. we need more people responsible for themselves. i mentioned to the president, we're a big-hearted nation. the most generous nation on the face of the earth. we want a safety net for those that don't have the means but there's tomorrow people that want to take and not give. this is not the right direction for our country.
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>> stuart: this was a listening session. the president was listening to you people. what was his general demeanor? very sympathetic, i'm sure. >> it was. definitely sympathetic. a little between a rock and a hard place. there's merit to the plan on the table right now. but again -- >> stuart: i'm going to interrupt you for the second. is there any sign from the president that he's getting involved and banging heads, negotiating, getting a deal? any sign that he's doing that? >> there's no question that he is. donald trump is a deal maker. one of the reasons that you see a plan that is not as toothy from my side, he's a deal maker. he knows he can't have something that will please everyone. he wants to get things done. so again, taking the figure from 1.4 trillion down to 600 billion, it's an improvement, it's part of a deal, but there's just a lot of people saying, it's still smells too much like the old plan. >> stuart: must be quite a thing to be in the white house was
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president trump. >> it was amazing. >> thanks for joining us. >> thanks for having me. >> stuart: house speaker paul ryan just reacting to the cbo score. we'll have that after this. so how old do you want to be when you retire? uhh, i was thinking around 70. alright, and before that? you mean after that? no, i'm talking before that. do you have things you want to do before you retire? oh yeah sure... ok, like what? but i thought we were supposed to be talking about investing for retirement? we're absolutely doing that. but there's no law you can't make the most of today. what do you want to do?
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i'd really like to run with the bulls. wow. yea. hope you're fast. i am. get a portfolio that works for you now and as your needs change. investment management services from td ameritrade.
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>> stuart: house speaker paul ryan is now responding to the cbo report that said, amongst many things, it said that there -- the ryan plan would lead to an extra 21 million people uninsured by 2020. speaker ryan says his -- he appreciates the concern about access to coverage under the healthcare bill, but he says his aim of the bill is to give people more choices. douglas is here with us, the former c bo director that knows
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this stuff backwards and forwards. what do you make of speaker ripe's response to the cbo statement of saying more people will be uninsured coming down the pike? >> the make job is to deliver reform with lower costs. premiums will be 10% lower. they're also saying people are not buying it. what paul ryan say they have the option to buy, the access to health insurance. you can fix the coverage problem by making it illegal to have insurance. that's not the way we do business. >> how would the cbo know that people would choose to take insurance under the new plan? they don't know that, do they? they're assuming nobody would take it. >> they're making an estimate. it's clear they have a big weight on the demand date. in 2018, already 18 million people don't have insurance. that's when they first get rid
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of it. that's number 1. number 2, the medicaid reforms. this isn't all the insurance insurance. it's individual insurance plus medicaid. >> senator schumer says that the cbo's estimate makes clear that trumpcare, that's what he calls it. >> will cause serious harm to millions of american families, tens of millions will lose their coverage and millions more, particularly seniors, will have to pay more for health care. that's his response. you say? >> i would say compared to what? there's an assumption somehow that medicaid continues to do what it's been doing, which is outstripping the state budgets, federal budgets. it's not true. there had to be medicaid reform republican or democrat in office. let's make a comparison to the real thing. what has to happen in the future. same is true with the individual market. i don't think anyone is convinced by cbo's projection under current law, 30% more people would be in that individual market in two years.
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that's an individual marketing melting down. insurers leaving. five states with one insurer. maybe we have the right policy but not the right baseline. >> do we have any other scoring system from an independent? >> i don't think there's independents. the cbo did their job. does this save $2 billion? answer, yes. but another $335 billion. >> that's important. >> that's the news. >> that's the news buried beneath the controversy. the news is it does save money. therefore it can be dealt with under reconciliation. 51 votes required, not 60. >> press the button forward. >> you buried the lead there. >> that's why you're on that side and i'm on this side. >> that's interesting. repeat it, please. that point about the cbo. >> cbo's job is to certify that this qualifies for reconciliation. what are the budget savings?
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$337 billion. only needed two. >> thank you, doug. >> thank you. >> stuart: will this delay tax reform more? that's a fair question. we'll answer it, too. es to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. various: (shouting) heigh! ho! ( ♪ ) it's off to work we go! woman: on the gulf coast, new exxonmobil projects are expected to create over 45,000 jobs. and each job created by the energy industry supports two others in the community. altogether, the industry supports over 9 million jobs nationwide.
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>> i've got this just coming out of us, the governor has declared a state of emergency in the state of new jersey. the storm is approaching, expected date of the garden state a little after midnight tonight. here it comes, let's go to massachusetts senator scott brown. i want to talk more about the cbo report and the replacement
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for obamacare. you can consider the replacement plan, with 51 votes in the senate. you get what he saying. that's the news. what do you make of it? >> that's the actual news, that's the headline, the main reason it was sent to cbo, so they can proceed through reconciliation. we have spoken about this before. before i got there, they rammed it through through reconciliation now the only way to get rid of it is reconciliation. that's why a lot of congressmen and senators, they may not be happy with the bill right now but i found paul when he laid ie phases. you have to get it repealed through reconciliation. then secretary price is over 1400 opportunities to address the concerns by the senators and congressmen. then you have the third phase where you can file some bills. of border competition and the other things people are complaining about. it's not going to be done
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overnight. it's a pretty complicated mess that the former president left us. >> stuart: will he give grist to the mill to either side of the republican party which cannot come together under a solid plan? does cbo report is going to give some ammunition to both sides may be? >> yes. i think you nailed it on the head. i've listened to you. i listen to all the time but you ask every congressman, senator, you say, will you do a deal? with you compromise? we work together? quite frankly, that's what the american people want. they want a solution where they don't want the bickering and posturing. they want a solution. when your premiums have skyrocketed, your deductibles have gone up and you're getting lesser care and coverage is and you are getting crushed by obamacare, you want washington to work for you. they better get the message quickly. >> stuart: we have just heard that unofficial from the white house, so far unnamed, is shortly going to address the cbo
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report. i am looking at a microphone set up outside the white house. it's possible that official will come out and make a statement, but we are going to get some official response. any idea what that response might be from the white house? >> yeah, i think they are going to highlight the real news which is, you're going to save $337 billion. it fits within reconciliation and i view with them, they are going to question the fact that 21 million people are now going to be uninsured. that's not true. the cbo can only act with the fact they are given. they can't assume things that aren't in the evidence. they can't assume things that aren't being presented to them. it's a very technical explanation but they can only do something very precise, so there's no real leeway. they have done their job, okay? it fits within reconciliation. that's the real story. >> stuart: 51 votes and the senate, get it through. scott, i am terribly sorry to cut you off short but i am
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out of time. >> it's okay. >> bret: that's it from us, everyone. 9:00 a.m. through noon, varney business. i will see you tomorrow. "the five" is next. >> dana: i'm dana perino with kimberly guilfoyle, eric bolling, bob beckel, and greg gutfeld, it's 5:00 in new york city, and this is "the five" ." how much is the republican plan to replace obamacare going to cost? we just found out what the cbo estimates, congressional budget office released a report on the american health care act short while ago. john roberts has it and joins us now from the white house.

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