amherst. john: nobody getting fired, they are on the job, they leave when they want to leave. the way the biden administration goes. sandra: and record high inflation is touted by the president, a live look at president biden in maryland where he is, you know, you are hearing a lot of what you ve heard from president biden in the past. he s taking on wall street, touting unions, his infrastructure plan, talking trains most recently, but seems to be taking a victory lap on his economic policies, john, while we are looking at a massive deficit building in this country and still record high inflation that has a lot of american families struggling in this moment. john: when the treasury department says it won t be able to pay its bills as of a date this summer and you look, the debt is $31.5 trillion, you think something is going in the wrong direction here. i remember at the end of the
larry, in this speech at union hall in suburban maryland, he is going to, and is expected to accuse republicans of pushing him to agree to spending cuts while their own plans would add more than $3 trillion to the debt. where does he get that 3 trillion number, and they should push him to spending cuts. you want to get the inflation rate down and all these spending programs come with massive regulatory strings telling people, you know, biden is a control freak, that was the whole state of the union message. he reeled off motels, hotels, cell phones, baggage, how to sit in an airplane, the list end less, it s a list this is central planning, modern-day socialism. this is big government socialism. stop the central planning, let entrepreneurs run, stop running after kids working and going after their tips, by the way.
long-awaited report here has just come out now, and said the u.s. treasury will exhaust its ability to pay all its bills some time between july and september of this year unless the current 31.4 trillion cap on borrowing is either raised or suspended. so, to sum it up, the cbo is saying the u.s. could face a debt ceiling crisis this summer. yes, well, let s make a deal. by the way, we have not heard kevin mccarthy met with the president, nothing was decided but at least they met. we have not heard about a second date. i don t know what, you know i think mccarthy gave biden his phone number, that happens sometimes, you may not get the call. i thought maybe they would go to a drive-in movie, something like that, a cup of coffee. it s a joke, you can smile for those that ever went to a drive-in movie. sandra: the number of times
holds at 24, up to 25%. historically, that should run about 19 or 20%, and there s no growth in the economy. stagnant economy, 1.8%, less than 2%. sandra: spending all this money and not resulting in growth. inflation rates are way too low, all the spending will push you are jamming money into bank accounts, no work requirements, federal will have to monetize it, and that s at stake, the debt ceiling is so important. they should do it as a continuing resolution and i think you are going to get a solid proposal from the budget committee. sandra: this week the president bragged about cutting the deficit in his first two years in office. we are set to hear from president biden any moment now as he is going to be speaking on jobs and touting the economy,