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trillion could soon approach the size of the defense budget. let that sink in, neil. president biden is calling for more taxes on the rich. he speak recently in virginia beach. i want to make it clear, i m going to raise some taxes. any of you who are billionaires out there, you re going to stop paying 3%. not a joke. biden met with kevin mccarthy just once since he became speaker and with a debt of over $31 trillion, many republicans are concerned about potential cuts in national against, a time when the biden administration is arming ukrainian forces with billions in american weapons and with the threat from china increasing. the 2022 and 2023 defense budgets are 3% when the kennedy administration was spending 9% of u.s. gdp on defense, building up the arsenal which the pentagon says is aging and is needed upgrades to the tunes of billions ever dollars. and jfk cut taxes and shortly after his death. that was then. lucas thank you very much. i raised this issue w ....
Than any time in our country and our debt to gdp is greater than it was after world war ii. we saw what we saved from fascism, won the world war if ul, liberated europe and did the things that you say, well, that was well, well invested, if you will. that s hard to say that today and that s the concern we have. we ve got to get this under control. neil: well, it s not under control to your point. republicans want to tie spending concessions with any negotiations on raising that debt limit. are you in agreement? i m not in agreement with basically holding the ceiling, debt ceiling and paying our debts of the past hostage. i don t think that accomplishes anything. can t we at least have a piece of legislation that we agree on and we re going to sit down in a bipartisan, bicameral way. how did we get so much debt, 3.3 trillion in to 14. ....