of joe biden s inflation, the average monthly expenses have increased by $500, almost . that s not a problem. that s a crisi iproblem.s for pe on fixed incomes. and single moms that raise md ea and the reason why thispp happened is because they printed and then spenst 4 trillion dollars. the way we say it iny the south just turned the spigot off. don t spend what don t have. let me ask what you don t need and don t buy stuff you can t afford. can t go south carolina. that s just how we do it. so you live within your means.in i always like connie mack had the penny plan. we probably a nickel plan at this point. so we re going to cut government spending. you have no government taxes.ovm and then we ve got issueens. ad i think energy independence would go a long way toward is,
debt ceiling change, not lift the debt 4 trillion dollars, we are going to have uncapped debt ceiling that will equal from our trillion, expired lame duck on january 21, 2025 and do not get policy reform on green tax subsidy. i think we need to call their bluff, there is time you walk away from negotiation and this is one of them. they are not serious, biden dith erred for over 100 days, this should not move forward. ainsley: they are on the rule committee, you need their vote to move forward and you need democrats. speaker mccarthy: we ll sit down today and have people come in, it is first time they are back to walk through the bill. the wall street journal says it is a very good bill. compared to other debt ceilings, we had presidency, senate and
optimistic tone. it is possible to get a deal by the end of the week. it s another difficult to get to an agreement. at stake, raising the nation s credit card limits, or debt ceiling above the current 31. 4 trillion dollars. before the government can t pay its bills on june 1st. we know that we re not going to default, they know, it we know in. we are running out of time. the stalemate is largely overspending. house republicans passed a plan to raise the debt limit if democrats agreed to spending cuts. overall, democrats goal of today s meeting, productive. we don t have much time, but default is the worst alternative. president biden has warned that a default could cost the u.s. 8 million jobs instead of a recession. earlier today, treasury secretary janet yellen made this stark prediction. a default could cause
biden wrecked it. am i wrong? biden printed a lot of money. you expect inflation and we got it big time. the fed is raising rates like they have not done in 40 years. stuff starts to break. core inflation is really high including food. people go to the store to buy eggs and chicken and it s up 50%. the fed has to chase this. they keep racing rates until something stops. there is so much money when you print 4-trillion dollars it s hard to spend it all. we are driving up rates. it s hard to know what will happen next. sean: summers said to end inflation we need 10% unemployment. do you agree with that? there is no way we are getting there.
covid vaccine for federal workers and who knows how many people lost their jobs for shots they didn t want. then there was the obscene spending. after we had already spent 4 trillion dollars on covid relief president biden decided to spend more. he insisted on blowing 2 trillion dollars more on the named american rescue plan. there is no such thing as free money. this sent inflation higher. millions of workers stayed at home. that dragged us down. biden created an inflation time bomb. this is where the campaign needs to focus. conditions by larry summers they were dismissed. i see important transitory infl