problem as you all just laid out about i.p. theft, not only for our military equipment, but for our technology and intellectual property at large. why american businesses should not be doing business with any any, anyone in the chinese communist party affiliated with the pla. and we have a readiness issue, right. the chinese navy is bigger than ours, they have 360 ships right now. we have around i think 296. when you look at just 2030, not far from now, if biden s budget stays the same, the chinese navy will be around, you know, we are guessing here, but thinking around 430. guess how many more ships we ll have when you account for the budget today? two, just two more. while they are growing exponentially outgrowing us. if you look at our air force bombers, we have 40% less than in the 1980s.
thwart any independent investigation into all of this. trace. trace: could use the information. rich, thank you. sandra: economists warning president biden s budget could hurdle the u.s. into a recession and could happen sooner rather than later. they say the proposal 2.5 trillion tax hike could kill jobs and curb private sector investment. all of this while americans face the worst inflation in 40 years and a massive ongoing supply chain crisis. let s bring in grover norquist, president of americans for tax reform. great to have you here. lots of questions. first off, is this budget as bad as some of these economists are making it out to be and that some of these tax hikes cld put us into a recession? if the 35 tax increases in president biden s budget, 11 of those tax increases are on energy, it will make all of our problems worse. it will slow economic growth, it