Good afternoon and welcome to our Weekend Update.
Again, I spent the week in Washington, D.C., where most of the
discussion focused on spending… from raising debt ceilings… massive
spending bills… and a transportation and infrastructure bill that is
being held hostage in a battle between the liberal and moderate
factions of the Democratic Party.
Last week, I wrote that Democrats don’t have a debt ceiling. In
their “perfect” world, they would do away with the debt ceiling and
ask the American people to give them a credit card with no spending
limit. But, unfortunately, America’s credit cards are maxed out. So,
rather than seriously begin focusing on reducing our nation’s debt to
address a problem created by R’s and D’s, Democrats are seeking ways
to accelerate the problem drastically.
I joined several media outlets to discuss the Democrat’s $3.5
trillion spending spree and the massive tax increases accompanying the
bill. The Biden administration claims this proposal is revenue neutral
and will be paid for by the massive tax increases on hard-working
Americans.
Meanwhile, if the bill is truly revenue neutral, why are they
asking to increase the debt ceiling by $5-6 trillion? Click
here to watch my interview on Newsmax's American Agenda on this
topic.
The U.S. House did pass a measure to suspend the nation’s debt
limit through December 2022. I did not support the bill as I could not
vote to give the Democrats a blank check. The U.S. Senate countered
with a proposal that funds the government through December 3. The
House approved, and Biden signed the continuing resolution. Before
December, the Democrats need to craft a realistic plan with real
numbers and be prepared to support their proposals.
While some Democrats are pushing for a smaller spending package, we
know that will still crush our economy. I joined Newsmax's "Wake Up
America" to discuss. Click
here or below to watch.
As I discussed on Mornings with Maria Bartiromo on Fox Business,
inflation is a real issue impacting small businesses and families. We
have far too many dollars chasing far too few goods. Click
here or below to watch.
Why do we have so few goods? One contributing factor is that we
have a record number of cargo ships lining up off our coasts waiting
to deliver goods.
The Biden administration’s policies have increased our nation’s
dependence on foreign trade for critical supplies. President Trump was
reshoring manufacturing. Instead, the Biden administration has created
massive worker shortages, stopped the Keystone Pipeline, and continues
to implement regulations that will make our nation more dependent on
China.
IN NEWS YOU WON’T HEAR IN THE MAINSTREAM MEDIA: As
the Biden administration and Speaker Pelosi spread fake news that
their massive spending bill is revenue neutral.
Let's look at what is included in the Biden/Pelosi
reconciliation package includes:
- $4 plus trillion in added debt (nearly 15% of our current
$28.6 trillion debt in one bill)
- Largest tax increases ever
- Amnesty for 8 million illegal immigrants
- Disincentivizes workforce availability
- Taxes on domestic energy and domestic electric
batteries
- 87,000 new employees for the IRS
- 1 million planned hires for the new Civilian Climate
Corps
- The largest expansion of government-run healthcare since
Obamacare
Further, Biden has already spent trillions on his
left-wing laundry list. Now he’s looking to spend $3.5 trillion more.
That’s the equivalent of $27,000
in new spending for every single household in America.
-
Meaning what for Americans: Biggest tax
increase in decades for nearly ALL American
families.
Where things stand: Democrats are in disarray.
-
Biden’s radical agenda is in jeopardy as his party
feuds. Americans know his Build Back Broke policies will hurt
working families, cause prices to skyrocket, and bankrupt our
country.
In closing, Speaker Pelosi and the liberal wing of the Democratic
Party have linked a massive spending reconciliation bill to a
bipartisan-negotiated transportation and infrastructure bill.
For the record, the transportation and infrastructure bill is not
great, but it starts the process of rebuilding our roads, bridges,
broadband and other infrastructure needs. Moreover, it was a package
negotiated in a bipartisan manner, unlike the Democrat's massive
reconciliation package.
In fact, this would have been the largest investment in
transportation and infrastructure in our nation’s history.
Unfortunately, however, due to the left’s insistence on coupling these
two bills together, I cannot support a transportation and
infrastructure bill that is nothing more than a trojan horse for
Speaker Pelosi’s massive spending spree. It’s sad, and Americans
deserve far better.
This morning, an interview I conducted on CBS-21's Face the State
in Harrisburg aired. The interview touched on the latest in
Washington. Click
here or below to watch.
I look forward to seeing you soon.