white house with more on this, hi, lucas. lucas: it adds trillions to the national debt with $31 trillion and interest payments on the debt next year could one day approach the size of the defense budget. let that sink in. now here is house speaker kevin mccarthy adding more c conte. we ve only paid $9 trillion in interest. so he s going took us 80 some years to happen in less than ten years. lucas: let s take a look at biden tax proposals which would add more to the national debt. 25% minimum tax on people with 10 100 million plus dollars. 39.6 capital gains tax for people making over 400 grand. 28% corporate income tax, 4% stock buyback tax and 3. 8% surtax on investment income. late yesterday reports circulated that the white house will approve drilling in alaska. no final decisions have been made and anyone who says otherwise is wrong. now 3 years ago as presidential candidate as president he said he would never approve any drilling projects. no more subsidies f
to others and so what s the ripple effect in that industry is the big concern. anita: yeah, never good to hear from peter thiel to take money out of the bank. that was a clear warning sign. just quickly before we get to the job s numbers, what about people who are just nervous now about keeping their money in the bank, quick advice for them on that? the biggest piece of advice, sec ensures and the biggest thing is, gosh, if you re in the position where you have more than $250,000 i m not one of them, you know, goad and diversify your funds and i think that s than important thing here and hopefully some of the folks will get the money back but at the end of the day it was ultimately bad management and, you know, bad board. you know, a year ago this
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