Larry Kudlow explains how government spending brings governm

Larry Kudlow explains how government spending brings government regulation


Here we are on Friday night and let me say— go woke, go broke. 
According to the Congressional Budget Office, through June, total federal debt in the hands of the public is $21.7 trillion dollars. 
Total debt itself, which includes intergovernmental transfers (like social security, trust funds), comes to $28.5 trillion dollars.
So, call it 100% of GDP. It's a nice round number and easy to remember. Under current law, the CBO estimates federal debt in public hands will be $35.8 trillion by 2031 in their 10-year forecast.
That is not including any of the new Biden spending proposals, which could be $3.5 trillion (or maybe $4 trillion or maybe $5 trillion) — or maybe more if they really crank up the woke. 

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