Dennis Prager Show - Biden Is Destroying the Economy on Purpose!
Aired: 2021-10-15
Duration: 02:33


=== Biden's Trillion-Dollar Borrowing Plan (02:33) ===

[00:00:00]  And by the way, it's appropriate for the government to borrow during a period of a crisis like we had in COVID. You know, we borrowed so we could get through that terrible crisis.
[00:00:10]  We borrowed, obviously, during World War I and World War II. Reagan borrowed during the Cold War so we could defeat the evil empire.
[00:00:18]  But what's really amazing about what's happening in America today, and it terrifies me, terrifies me, is that the Biden administration wants to borrow $5 to $10 trillion just in the next couple of years, and the crisis is over.
[00:00:31]  We should be reducing the government spending and reducing the national debt and paying down the debt in a responsible way.
[00:00:38]  They want to double the debt over the next...
[00:00:42]  One of the lines of our video that's really gotten a lot of attention is that the average child born today, over the next 25, 30 years, will pay $500,000.
[00:00:53]  Their share of the national debt will be $500,000, Bob.
[00:00:57]  I mean, that's fiscal child abuse.
[00:00:59]  What great country does this to our children that we pass on all these costs?
[00:01:03]  I love Biden saying, we have to pass my bill to help children.
[00:01:06]  It's like, who does he think is going to pay for this?
[00:01:09]  Well, two things.
[00:01:11]  First of all, I love that phrase, financial child abuse.
[00:01:13]  I've never heard that before, and that's very accurate.
[00:01:16]  Second of all, I fail to understand exactly how this is going to harm our children because, and you and I talked about this two weeks ago on my local show in Cleveland, Steve.
[00:01:25]  Yeah, I remember.
[00:01:25]  In the new math, in the common core math, apparently being used by Joe Biden and his financial team, three and a half trillion dollars actually equals zero.
[00:01:33]  This is all paid for, so there's not going to be...
[00:01:35]  Oh, my God.
[00:01:36]  Yeah, it's all free.
[00:01:37]  I mean, Nancy Pelosi...
[00:01:39]  Joe Biden is saying that.
[00:01:41]  By the way, the more they say that, the more that the support for that bill goes down.
[00:01:45]  You know, one of my great friends and a guy I really admired over the years, Herman Cain, who died about a year ago.
[00:01:53]  I love that man and worked for him when he ran for president.
[00:01:56]  But Herman, his last book was called They Think We're Stupid.
[00:01:59]  And when I hear Nancy Pelosi and Joe Biden say, hey, it's free.
[00:02:03]  It's not going to cost you anything.
[00:02:04]  All I could think of was Herman Spook.
[00:02:06]  They think we're stupid.
[00:02:07]  And the good news, American people aren't stupid.
[00:02:09]  They're onto this.
[00:02:10]  I've got to tell you, the inflation problem right now is very real.
[00:02:15]  I'm predicting, Bob, I think I said this on your local show a week or two ago, I'm predicting in the next four weeks we're going to have $5 gallon gasoline.
[00:02:22]  I don't want to spoil people's weekends.
[00:02:25]  But there's an energy crisis around the world.
[00:02:27]  We're pretty close to that.
[00:02:28]  Right now in California, if I'm not mistaken.
[00:02:30]  Not necessarily everywhere, but there.
[00:02:32]  Steve Moore, hang with us.