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in need. so they are the ones who unfortunately are going to be left in the cold by these compounding, horrible economic problems that are only getting worse when you continue to print money and pass multitrillion dollar legislative packages that are going to result in generational theft, not to mention the short term problems we are seeing right now. figured out such a great point, kayleigh, when the economy is thriving people have more to give and they do. this is a devastating consequence that charitable endeavors receive less. people in need are relieved last from the traditional sources of charity and philanthropy that americans can engage in when they are not feeling the heat in their own pocketbooks pocketbooks. all of this is translating into bad economic numbers for presidential biden. you see it in each and every poll. i ll share it again because i feel a lot of people are watching us on thanksgiving, gas pump a man i encountered in the story telling me that giving up the
saying that the deficit will exceed a trillion dollars. i am old enough to remember when the president gave the interview, i believe it was with the washington post and he said he could eliminate the national debt in eight years. yes. what is going on? and she said the tax cuts would pay for themselves. this is an enormous tax cut that is at the heart of this deficit explosion that we are experiencing and these kinds of deficits, you have to understand them as a tax on the future. look at who benefits from a tax cut. the principal beneficiaries tend to be older people who make more money and who pays for the tax cut in the form of interest payments that will reduce the ability of future generations to invest either in themselves or in infrastructure or anything else? it s younger people who will be paying the bill. this really is a kind of generational theft and it comes at a time when 60% of donald trump s a majority of donald trump s votes came from whites
overall racial sensitivity. how does a boomer explain to millennials that things aren t always black and white, no pun intended? i think a lot of it is there are higher expectations and that s a good thing. of course, these are very complex issues. so i m not going to cast the first stone here. what i do know what is that there is a recognition, especially among a young, impatient generation that the status quo just won t do. it turns out taking racist policies and saying we were going to replace them with neutral policies didn t get the job done when it came about bringing racial equity into this country. when you have centuries of generational theft, the exclusion of black americans from housing, education, access to equal health, that piles up. and the fact that some of these harms began a long time ago doesn t make it better. it makes it worse. so i understand the frustration. i understand the impatience. even when it is sometimes coming in my direction because we just
$20 trillion. we ll be adding $1 trillion a year soon to that debt. the only way to solve that, any decent budget agreement we ve had has been when we ve had divided governments. when republicans and democrats said we re going to share the risk. right now we don t have that. if we ascribe the worst motives to our opponents and call them clowns or losers, you lose the ability to sit down and solve the big issues and actually enact conservative policy. that s the paradox of all of this. somehow conservativism has become being mean or loud, and you can t enact conservative policy if you act that way. the president used the word mean first, just fyi. senator, speaking of a national debt as really an issue of generational theft. yes. and a moral issue.