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Since 1960. why got into those though? john boehner was a special guest on mine of fox business, which if you don't get -- you know the idea. he was telling me there are similarities between then and now. take a look. what do you think of what is going on on the hill? you visited these type of things including 2011 close call that prompted a ratings agency to nick our triple a rating. what do you think of how that compares to now? >> i think it's pretty similar. you know, i told president obama when i became speakner january of 2011 that i wasn't going to increase the debt ceiling without doin...

I do, of course, have to point out that is the same mitch mcconnell who voted to increase or suspend the debt limit 32 times, already, in his career. 32 times according to "the washington post." i guess, 33's the charm? but hypocrisy aside, let's be clear. america has long had a spending problem. under trump, the united states racked up nearly $8 trillion in new debt. under then-president obama, the debt rose by more than $9 trillion over eight years. 86% of the total debt he inherited. and congress voted to raise the debt limit 78 times in the last 50 years for both republican and democratic ...

Life in finance and economics commodity, so you can check my math but 4.3 is higher than 2.0. the problem is a spending problem and not a tax problem. the latest data just came out, friberg, federal tax revenues as a share of the economy, the shared pdg, is now hitting 19.3%. that is virtually the highest since 1960. so that's 60 -- revenues are flowing in at current tax rates that include corporate tax cuts from the trump era at a record pace. i would say we have a spending problem. >> sandra: because our tax revenue is historically high. >> it's booming. the top 1% pay 41% of income taxes an...

Tier as you see. to be fair, under president trump, the debt was 26.9 trillion. trump added 6.7 trillion to the debt and there you see the numbers there. it hasn't been a concern, and yet this year's deficit bill projected to be the second largest since 1945. as it stands now. and that is just the cbo estimate. >> right, look. for most people, it's very abstract. i don't really think we have a debt problem, we have a spending problem. republicans were not good at this during their time in office before joe biden and the democrats took over. but it's going to come down to an interesting showdow...

Do you support the infrastructure plan as it stands roughly at a trillion dollars, half of that using reprovided covid funds that have not been spent. are you onboard with that in. >> i'm onboard with it as long as we're not raising taxes to get there. and my understanding there's roughly $2 trillion in unspent covid relief money, so the funding mechanism is there, and i do believe we can do it without raising taxes. i'm very, very cautious and, i think, suspect of more spending when we have to raise taxes on the american people. washington has never had a revenue problem, but we've had a spen...