Transcripts for FOXNEWS Americas Newsroom 20240604 13:31:15 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
total price tag for the rest of us $4 hundred billion. the gop is pushing to repeal that plan and yesterday their bill cleared a hurdle in the senate. three democrat senators manchin, sinema and tester voted to pass that legislation to block the hand-outs. senate minority leader mitch mcconnell said this. we re up against an especially ridiculous example of left wing spending fantasy from the biden administration. the party behind a long list of pandering giveaways, student loan socialism just might actually take the cake. harris: charles. i agree 1,000 percent. i have to be honest, gets back to republicans not knowing how to message. the democratic party have become the party of the rich. the people who are doing the best in this country. graduates in america, particularly folks with amazing
i hope that s not the option here. i hope so, too. harris: i don t know if you caught it earlier robert f. kennedy junior wants the chance to debate. the american people are owed that particularly where this president is with questions about acuity and we ll have kennedy on tomorrow and see what happens down the road. we would love to cover that debate if it ever should happen. ben, thank you. good to be with you. harris: the u.s. supreme court set to issue an opinion on president biden s student loan forgiveness plan any day now. it is expected to cost takes payers $4 hundred billion with a b dollars if it stands to pay off other people s debts. plus speaker of the house mccarthy got it done. the bill to avoid default passed the house last night. the largest deficit reduction bill in the history of the country, $2 trillion in savings and claw back billions of dollars in covid money. we ll get people back to work.
itself and yet we still would be able to pay our bills. explain. yeah. you have to bend the spending curve. people forget this. we bring about $4 hundred billion a month in tax revenue but spend $5 hundred billion a month. those are rough numbers. if you can bend your spending curve down so that you don t have to have a deficit spend of $1 hundred billion a month you might start so if you have to increase your debt limit, you can do it at a lower rate than otherwise. but right now that s not what this administration wants to do. in some instances they talked about raising spending. harris: i m glad you explained that because that s beyond embarrassing that we can t figure out that when you bring in less than you spend. if run your household like that they ll get your house.
secure the border, have strong energy and stop spending money we don t have. we can abandon biden and shrinking washington and growing america. harris: i m glad to have you on from the budget committee and watch you talk all of these things together. if it feels like certain things are happening at once it is dollars and cents. from what you are saying of course they are. and could we have seen it coming? apparently some of you can. the freedom caucus got out last week and say we need to cut spending right now. eliminate the $4 hundred billion bail-out for student loans, get $91 billion of covid money back and make sure we limit our spending to pre-covid levels. nothing crazy. go back to pre-covid levels and save $3 trillion over ten years as a down payment to getting our country back. shrink washington, shrink the bureaucracies. get the regulations out of the way to grow america.