cannot find one that has voted to increase the debt limit this congress. neil: of course, yours is tied to spending cuts. democrats are not on board with that. that could change. seems like each side is getting more locked into their positions or am i just not reading it correctly? well, the president has been asking for tax increases to bin included. that s the wrong direction. the american people neil: you re talking about tax increases on energy companies, right? he s proposing all types of tax increases. that is not acceptable. the american people don t want that. the american people want to us look at the fiscal insanity going on. last year, we have the highest revenues in our country at 4.9 trillion. we also had the highest spending at 6.2 trillion. spending has increased more than 40% in just the last three years
the 113 billion you have got up there on the chart? i mean that s 1.6% of a $6.2 trillion budget. are you telling me that we cannot support america s interest abroad at that level and still be strong at home and take care of our domestic needs? if we retreat in the face of russian owe depression like obama did in 2014, and like biden did in afghanistan, what do we get as a result of that? history gives us the answer, brian. it s more aggression. it isn t a better world. it doesn t give us more opportunity to fix things at home. it gets us a worse situation which likely involves u.s. troops. that is the path that we are on. brian: it s so clear i can t believe how few people understand that general, real quick, the chinese gave us a peace plan. how much is it worth? not much of anything. they don t have credibility in
we have got to give them whatever they need in order to continue to win this war. bret: so there is unity up on capitol hill but you do see cracks. and the number that people are hit by is the $113 billion and they say where is the limit? well, $100 billion is 1.6% of the $6.2 trillion budget. when you really put this, i mean, the rounding number itself, when you look spends money on and then you look at this budget wit. bret: without u.s. troops fighting it. reagan said, listen, let s help our friends and our allies with a common enemy and give them everything they need to win and let s avoid putting troops on the ground if we can we have got this situation in ukraine now. we have looked at it long enough and i m at the institute of
low. it s because we are putting money into a machine that was not producing anything anymore so we put $6.2 trillion into it. economists thought it be great to put another $2 trillion into it which so many others say that that fueled what we are going through right now. that s massive inflation. one of the president special panelists talked over in cnbc yesterday and, you know, we all know inflation is a big, big problem. the whole idea is the federal reserve is going to jack up instrument rates .75, or 1.2 try to slow down the economy. they ve missed it. they blew it, right? here s jared bernstein. he doesn t think so. what did the white house miss? and what s the lesson of that? i don t think the white house missed much at all in the
before the coronavirus was $22.7 trillion. the total debt. the debt held by individuals and the debt that the government owes other parts of the government. by february of 2001 after joe biden comes into office it s $27.8 trillion. we passed all of these $3 trillion bill in march and several, $100 billion in two different bills, passed another trillion dollar bill in december. biden comes in and has 27.8. since then at the beginning of this month it s 28.9. so in just over a year less than two years we have added 6.2 trillion to the national debt. a 27% increase. now we re talking about as of friday we now know that the cost of the build back better bill could be as much as $3.3 trillion if you take out all the gimmicks. that s what joe manchin is concerned about. joe biden doesn t seem to understand that. dana: so does this sound