it looks like it will run dry within the next ten years. that would automatically cut benefits from 23% for every single american who needs those programs. medicare funding is vanishing even faster. the timing of all of this of trying to figure out what to do comes during a fierce battle that s happening in the nation s capital over spending. the debt growing precipitously. the stand-off between republican lawmakers and white house over raising the borrowing limits. democrats want to spend, spend, spend. republicans want to slash and save. speaker mccarthy says we had better find a way to check off the spending fast. i want to look the president in the eye and tell me there is not $1 of wasteful spending in government? who believes that? the american public doesn t believe that. our whole government is designed to have compromise, let s find common ground and let s eliminate the wasteful spending to protect the hard-working taxpayers and protect the future of america.
federal loan payments. none of them have to pay any of these loans back until january of 2023. president claiming that this targeted approach will actually have a positive effect, he says, on lowering inflation. but tax experts and republicans think that those numbers do not add up. this is senator tom cotton. watch this. the president doesn t have the power just to unilaterally on his own eliminate entire categories of de. of all the dumb things joe biden has done this is the dumbest yet. a terrible policy that will harm many more americans that it will help. a former obama economic advisor pushing back as well pouring roughly half a trillion of gasoline on the inflationary fire that is already burning is reckless, says jason fuhrman who was with the obama/biden administration and thinks it is a very bad move. jacqui heinrich joins us now live with more. good morning, martha. it is not just the press secretary refusing to admit that taxpayers are footing the bill for t