.larry_kudlow: Federal spending under Joe Biden is almost a quarter of our economy
FOX Business host Larry Kudlow weighs in on the state of the economy under President Biden's leadership on 'Kudlow.'
$31 trillion of debt is surely enough. Federal spending under Joe Biden is now at 24% of GDP, almost a quarter of our economy. Isn't that enough? Spending by federal, state and local governments is 44% of GDP, almost half the economy run by the government. Biden keeps saying this, and so does Mr. Schumer and so does Mr. Jefferies, and it is completely untrue. OK, for the second night in a row, here's the replay of what Speaker Kevin McCarthy said on this program.They're saying you're going to cut social security, you're going to cut Medicare, and you're going to default on the interest payments on the bonds.I ask you, can Mr. McCarthy be any clearer? In a moment, we're going to talk to House Majority Leader Steve Scalise.
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