Ricochet is the best place on the internet to discuss the issues of the day, either through commenting on posts or writing your own for our active and dynamic community in a fully moderated environment. In addition, the Ricochet Audio Network offers over 50 original podcasts with new episodes released every day.
President Joe Biden on Monday announced a proposed federal budget for fiscal year 2023 that includes a wish list of leftist policy proposals as well as an unprecedented tax on unrealized gains.
To Rep. Kevin Hern, R-Okla., Biden’s budget fails to help Americans deal with exploding inflation and doubles down on the deficit spending that got America into this mess in the first place.
“The Biden budget is horrendous. It increases spending by some $75 trillion over the next decade,” Hern says. “It increases taxes by $55 trillion. We got $55 trillion in taxes. So you do the math, and that’s $20 trillion in additional debt over the next decade on top of our $31 trillion now.”
“So by his own budget, it never balances, and we have over $50 trillion in debt in 10 years,” the Oklahoma Republican says on “The Daily Signal Podcast.”
Worse still, that increase in debt compounds horrific inflation.
“Inflation is a taxation on everyone. It knows no party. It knows no economic status of a family,” Hern says. “But what it does do, it hurts everybody, more on the lower end of the income scale than it does some on the upper end.”
Hern and his GOP colleagues offer an alternative, a plan to lower the deficit and unleash the American economy.
“Our goal is to remind the Americans what the conservative values of the Republican party are about being fiscally responsible, limited government, keeping more money in your pocket so that you can spend in your communities where we don’t have to reallocate it from the federal government,” he says.
Hern joins the show to discuss Biden’s budget and the GOP alternative.
We also cover these stories:
- Senate Minority Leader Mitch McConnell defends Supreme Court Justice Clarence Thomas from attacks by the left.
- Sen. Susan Collins, R-Maine, says she will vote to confirm Judge Ketanji Brown Jackson’s nomination to the Supreme Court.
- Disney holds a staff meeting to discuss Florida’s new law prohibiting the teaching of gender identity to young students, with senior executives outlining their own LGBTQ agenda.
See acast.com/privacy for privacy and opt-out information.
Subscribe to Daily Signal Podcast in Apple Podcasts (and leave a 5-star review, please!), or by RSS feed. For all our podcasts in one place, subscribe to the Ricochet Audio Network Superfeed in Apple Podcasts or by RSS feed.