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June 28, 2021 - Dennis Prager Show
04:55
Stephen Moore on Biden's Debt Burden
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He also edits the great daily Unleash Prosperity newsletter.
That's at the committee to UnleashProsperity.com.
He was in the Trump administration.
It's up at DennisPrager.com.
You can get it free every day.
So, the living martyr sent me the usual excellent pieces last night.
Read them.
And I spoke to him before the show today.
I said, who wrote this piece?
On the infrastructure bill, there was no name attached.
I said, it was fantastic.
It was Stephen Moore.
So there you go, Stephen Moore.
What do you say to all that praise?
Very nice.
You left out, you buried the lead, Dennis.
The most important thing is I have a video on PragerU on the red states versus blue states, which still, we're still getting a great audience.
I think we did that nine months ago or something, and it's still, you know, got a lot of viewers.
So thank you for the opportunity to do that.
And yet, this infrastructure bill is an abomination.
Shame on, obviously, the Democrats just want to spend money.
I don't understand how any Republican who calls themselves any kind of fiscal conservative would go along with this horrid bill.
I couldn't agree with you more, but I have a question.
On what grounds can Republicans stand when they spent a fortune in the Trump administration?
Well, look, I mean, Republicans, there's a bipartisan spending problem in Washington.
There's no question about that, Dennis.
But, you know, Republicans increased the debt by, you know, $1 trillion, and now the Democrats are trying to, you know, increase it by $6 trillion.
I mean, $6 trillion of new spending is what Biden wants, $22 trillion of additional debt over the next decade.
And so I'm not going to defend the Republicans' record on controlling spending.
But it's as if the Democrats and the progressives have come in and they've taken what Republicans have done and x6.
Okay, that's a fair answer.
Okay, that's right.
Look, there are gradations of sin.
I'm a big believer in that.
I actually coined the phrase a long time ago.
I did not know that.
Is this proposed or you think will happen $6 trillion?
So it's very easy to, you know, to explain that number.
So remember, we had the $2 trillion absurd COVID relief bill that was completely unnecessary, the blue state bailout bill.
Remember that passed in March.
And that was the $300.
We got employment benefit extensions, which had paid people not to work, which was crazy.
And we still have 24 Democratic states.
That have not repealed that, by the way, even though we have 9.2 million open jobs in America.
And, by the way, did you see the report in the Wall Street Journal today?
You know, the thing about liberals is they don't think that incentives matter.
So they don't think if you pay people more money to stay unemployed that people will stay unemployed.
And, of course, incentives do matter.
And so what the Wall Street Journal found was that the states that have suspended those extra $300 a week bonus unemployment benefits...
Have gotten way more people back into the workforce than these blue states like my home state of Illinois and California where you are and New York and New Jersey and Connecticut.
They can't get people back working until those benefits expire.
So that was one of the bills, that $2 trillion bill that we passed.
Back in March, now they've got the $2 trillion infrastructure bill that Biden wants, which is really, as you know, you've talked about this, it's really just a green energy bill, the Green New Deal.
And then they want another $2 trillion, what Biden is calling a, I think he calls it human infrastructure.
I've never heard that term before, but now child care and daycare subsidies, Head Start, are infrastructure as well.
Yep, that equals three times two is six.
Now, not in Oregon, because they don't believe in one correct answer in math.
I'll be back in a moment.
Stephen Moore's terrific Unleashed Prosperity newsletter is up at DennisPrager.com.
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