House Speaker Kevin McCarthy dropped by Fox Business’ Mornings With Maria to discuss Biden’s $6.8 trillion-dollar budget proposal; he says the President is taking the “wrong approach.”
“Anybody who’s took economy 101 would know this is the wrong approach. We’ve got an economy worried about whether we’re going to go downward, and he wants to take taxes. That’s all he ever wants to do to create the biggest government we’ve ever had. And then what does he do about the deficit? He just adds to it,” the Speaker explained.
McCarthy hit Biden on the record-breaking inflation still affecting Americans.
“We’ve just had the Congressional Budget Office come out and tell us, why do we have inflation? All that spending Democrats did while they were in power, and now he wants to spend more? So now, we have to pay the piper. We’re going to pay more than $10.5 trillion in the next 10 years just on interest. But for the American public to know, since 1942, today we’ve only paid $9 trillion in interest. So he’s going to do what took us 80-some years to happen in less than 10 years,” he argued.
“For the first time in a 10-year window by the Congressional Budget Office, all three trust funds go insolvent. The Highway Trust Fund, Medicare and Social Security. And he has no answer. And why is it going insolvent? Because they raided it when they did Obamacare, they raided it when they passed their last big, all-Democrat bill, their American Rescue [Plan]. They continue to have the worst policies for this country. It’s to take more and make government bigger,” he added.
Watch the clip above. More over at Fox Business:
Biden schooled over budget: Anyone who took economy 101 knows 'this is the wrong approach,' McCarthy warnshttps://t.co/UQKZRRyyNf
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