shannon: the president makes his pitch this week for the budget and says this. my plan to reduce the deficit by 3 trillion over 10 years. based on what we know so far about their plan is going to ask bloated the deficit by more than $3 trillion of the next 10 years but they want to cut taxes for the wealthy large corporations, take away the power just give medicare negotiate lower drug prices. shannon: short medicaid and social security make the rich pay their fair share. what is a gop counter? the president s budget took my breath away. his numbers are extraordinary. we are going to run out of digits here. it is a $6.9 trillion budget, $4.7 trillion in new taxes that will affect everyone over 10 years. $18 trillion in new debt.
the board. doesn t mean we ll agree and fight like hell but let s treat each other with respect. bill: now, will we live up to that, right? fox polling finds republicans and democrats both believe that they are extremely or very concerned about political division. you are at 68%. senator braun, go first. how will it end up? in the time i ve been here, roughly four years, look at the magnitude. $18 trillion debt. when i got here. now we re 31. this is no laughing matter. interest rates have gone up 4%, start doing the math on $31 trillion. we have to address it. it takes political will to do it. i m on the budget committee which we don t use anymore or don t use regular order. that s the way it used to work. flesh it out in committees not get up to the thresholds where they use deadlines to force whatever the political agenda
may 11th is the date that marks the end of the crisis officially. the crisis status that we have been in since january 2020. one thing that is not ending, though, the spending. president biden showing no signs of slowing down when it comes to hand-outs. his student loan relief measure looking more expensive than initially thought. new analysis that shows biden s newly proposed income driven repayment plan will cost you taxpayers, get this, more than $360 billion in the next decade. that s on top of the almost $4 hundred 70 billion in direct loan forgiveness. it all makes for a possible escalation in the battle between the white house and republican lawmakers who say the spending must stop. we finally reached that point in time where enough is enough. 18 trillion in debt when i got here. a little over four years ago.
against bills like that. but not this time. explain. so, this time we d be handing the keys over to nancy pelosi, who we just fired to do all of the spending according to what they want to do. it s been on display for the last two years. we do this all the time. laura, last year, we didn t complete the spending until march. so, there s no rush. i m on the budget committee. you know who gavels us in there?? bernie sanders. he s never done anything about budget mechanics. so, there s no good reason to give the dems, nancy pelosi as her swan song, another year. we re $18 trillion in debt, now we re $31 trillion. we re running $1.5 trillion deficits with this nonsense. you can do through budgeting and
now, you say you normally vote against bills like that. ime.but not this time. explain. so this time we d be handing the keys over to nancy pelosi, g who we just fired to do all the spending according to what they want to do. it s been on display for the last two years. last twe do this all the time oe year we didn t complete the spending until march. so there s nnoo rush. i m on the budget committee and you know who gavels us in s there? bernie sanders. soders. has never done one thint budget mechanics. so there is no good reason to give the dems, nancy, pelosi as her swan song, another year of what we ve been content with . her is based on wheelosn i got here four years ago, 18 trillion in debt. now we re thirty one trillion. so we re running trillion, a half dollar deficits annually. with this kind of nonsense. with and you could do throughis budgeting, you could do through