WEBVTT
X-TIMESTAMP-MAP=LOCAL:00:00:00.000,MPEGTS:270000

00:00:00.410 --> 00:00:05.140
Jonathan Swan: One issue I haven't heard discussed
at all this election, let alone this debate,

00:00:05.140 --> 00:00:06.640
is the debt and deficit.

00:00:06.640 --> 00:00:07.640
Ted Cruz: Yeah.

00:00:07.640 --> 00:00:09.700
Swan: Mick Mulvaney had a great quote.

00:00:09.700 --> 00:00:14.160
He said, you know, when there's a Democrat
in the White House, my party— boy do we

00:00:14.160 --> 00:00:17.650
care about— the deficit's the worst
thing in the world when Barack Obama's president,

00:00:17.650 --> 00:00:21.660
but Donald Trump came in and, you know, we're
not so worried about that anymore.

00:00:21.660 --> 00:00:22.720
He's right, isn't he?

00:00:22.720 --> 00:00:25.030
Cruz: So look, I'm very worried about the
debt.

00:00:25.030 --> 00:00:27.720
And I'm worried about it under Trump.

00:00:27.720 --> 00:00:31.480
Now, to be fair, Trump didn't campaign on
cutting the debt.

00:00:31.480 --> 00:00:32.480
Swan: He did.

00:00:32.480 --> 00:00:34.360
He said he was gonna eliminate the national
debt in eight years.

00:00:34.360 --> 00:00:39.270
Cruz: He also said something — what is it
— I'm the king of debt, in 2016.

00:00:39.270 --> 00:00:40.270
Swan: Right.

00:00:40.270 --> 00:00:44.260
Cruz: Trump has said from day 1— look, he
gets to decide his priorities.

00:00:44.260 --> 00:00:46.010
And they're not necessarily all of my priorities.

00:00:46.010 --> 00:00:47.469
Swan: But—but-- here's the thing.

00:00:47.469 --> 00:00:49.090
I don't doubt your sincerity on this.

00:00:49.090 --> 00:00:50.090
You have been consistent.

00:00:50.090 --> 00:00:52.079
I'm not —this is not directed at you.

00:00:52.079 --> 00:00:58.640
But stepping back, you belong to a party that
has greenlit a historic expansion of deficits

00:00:58.640 --> 00:00:59.980
and debt.

00:00:59.980 --> 00:01:02.190
And it's just a plain fact.

00:01:02.190 --> 00:01:10.051
Cruz: Do I wish that it was a higher priority
for the president to rein in spending and

00:01:10.051 --> 00:01:11.051
the debt?

00:01:11.051 --> 00:01:12.051
Yes.

00:01:12.051 --> 00:01:17.130
He didn't run, principally, on reining in
spending and deficit and debt.

00:01:17.130 --> 00:01:18.370
That's not what he promised to do.

00:01:18.370 --> 00:01:20.020
We had real differences between it.

00:01:20.020 --> 00:01:21.020
And you know what?

00:01:21.020 --> 00:01:22.020
The voters made a decision—

00:01:22.020 --> 00:01:23.410
Swan: I will remind you he did promise to
eliminate the national debt in eight years.

00:01:23.410 --> 00:01:24.410
Cruz: But, but— let me give—

00:01:24.410 --> 00:01:25.410
Swan: He literally promised that.

00:01:25.410 --> 00:01:26.471
Cruz: But let me give another element of it.

00:01:26.471 --> 00:01:33.950
And this is where, in terms of how you eliminate
the deficit and move towards reducing the

00:01:33.950 --> 00:01:34.950
debt—

00:01:34.950 --> 00:01:36.390
Swan: You're going to say growth.

00:01:36.390 --> 00:01:39.220
Cruz: The most important important factor.

00:01:39.220 --> 00:01:43.070
Trump's policies have been profoundly pro-growth.

00:01:43.070 --> 00:01:44.070
The tax cuts—

00:01:44.070 --> 00:01:45.630
Swan: Also profoundly pro-deficit.

00:01:45.630 --> 00:01:51.120
Do you think your colleagues in the Republican
Party will rediscover its concern about debt

00:01:51.120 --> 00:01:52.120
and deficits?

00:01:52.120 --> 00:01:53.120
Cruz: Sure.

00:01:53.120 --> 00:01:56.180
Swan: I mean isn't that the most cynical,
phony thing?

00:01:56.180 --> 00:01:58.500
Doesn't that make you want to puke?

00:01:58.500 --> 00:02:02.360
Cruz: You're touching into something that,
as you know, I have raged against.

00:02:02.360 --> 00:02:10.560
And I have raged against my own party not
genuinely fighting to rein in spending and

00:02:10.560 --> 00:02:15.030
deficits and debt.