Treasury secretary, Jenny Ellen says it's time to get rid of the debt ceiling once and for all, and romantic continues to crush progressive dreams. Image paralyses the bench Barroso yeah show is sponsored by express vps thousands of miles tourism already secured there internet join them. An express Vps outcome, Slash bed before we get to the news here is your note. For the day your paying way too much for your cell phone coverage stop paying from rising eighteen Dnc mobile social initiatives shopping for their thousands of retail stores across the you never actually go to stop paying for those added proxy rational use instead just get what you need with pure talk. Pure talk does not charge you for any of that crap. Instead, they give you killer five, average? On the same page, you network is one of the big eyes for about half the cost. These exactly EL towers, one these big companies, but are gonna charge, half the Families saving over eight hundred easier by making this, which I made this wedging keep your number you keep your phone or

Huge discounts on waste iphones, an Android, get unlimited talk text, six gigs of data for just thirty bucks month in. If you still want to Madeira, you can get that in still save a bunch of money over what the other guys would be. Charging you hadn't appear talked outcome shop for the planet right for you. There were thirty day risk free guarantees. You literally have nothing to lose, could appear, talked outcome enter a promo code Shapiro. You will say fifty percent of your very for than hundreds bucks down the road that is pure talk, dotcom promo code, Shapiro pure Talk is simply smarter wireless already so last night the Democrats were supposed to bring up the bipartisan infrastructure bill for a vote. They did not exist. Could not get the progressive on board and I can get the progressives on board because they couldn't get the Senate Moderates on board. For their three point, five trillion dollar Boone Meanwhile, speeding it down the tracks. Is the debt ceiling set ceilings posts to be had in approximately that's a couple of weeks, Democrats I'm trying to get Republicans to sign onto a debt ceiling. Increase. Republicans are saying we are not going to allow you to take a second credit card, knowing the Eurocrats blow out the spending, and so why would we

wow you to do that. We need a sort of restructuring deal here. We need to make sure that we get some sort of spending concessions from you at this point, which led by an administration to make the argument that we should get rid of the debt ceiling once and for all? So to understand why that ceiling is kind of important understand the history of how spending has been done in the United States? workers. Have you go all the way back to the founding for basically the first hundred thirty years of the distance of the United States Anytime Congress wanted to authorize the gum to take out tat. They had to pass a specific bill, but authorize exactly how that debt was to be taken out which like a pretty good idea, and it puts the responsibility whether possibility ought to be with the legislature a Congress it actually have to authorize alone or they'd have to allow Treasury to issue bonds, for example, but it would be up to Congress How was it actually to authorize the executive branch to do this, which makes sense there? The legislator bridge secular branches, the executive branch and then nineteen seventeen Congress?

they're going to abdicate responsibility on this thing by creating that ceiling that ceiling. The idea was that would just tell the executive branch how much debt they were authorized to take out right now. Attached to war. It makes a certain amount of sovereignty would assume, because the executive board- he's running the war executive branches They got more debt on a short term basis, because, obviously there contingencies, but in the middle of may not war, getting rid of the specific authorization taking out. That is really. have to wait for Congress to kick the can down the road without actually having to be held responsible for doing any of this stuff. Like imagine that every time Congress passed a spending bill, they also had to pass a bill saying we authorized the Treasury Department to take up this amount of debt on the open market. You'd make everybody thing for just a second: is this actually worth it Congress doesn't want you to think. Is it actually worth it Instead, it has these jobs blunderbuss packages, and they raise that ceiling at the same time, a war that was the rule up until about the

and he seventies. Hey then, in the nineteen seventies there was a a problem which was that the the government kept running up against that ceiling, so Dick Gebhardt created Dick up. Her was a. former Congress person from our Gebhardt impose these so called Gebhardt rule This was a rule that suggestion that ceiling was automatically raise any time a budget was pass. Unesco have to pass a separate that ceiling bill. You just passed the budget and that itself, would be the authorization for the governments take out additional debt then, during the Orange Revolution, the nineties. This was reverse tonight in any five Congress, said: no we're not it this way anymore. We are not going to simply pretend that every time Author, I spending the federal and has the ability to God and take that. Instead, we do have to take some of the blame or credit for raising that ceilings we're going to bring back the that ceiling. Debate. In reality, we have to go back to the original system. Congress ought to have to specifically authorized Precisely what sort of debt instrument needs to be used by the executive branch everytime? I spent the reasoning

did they really should have to do. That is because again, they should be forced to consider the consequences of the spending that they do, but we have Bobby. A legislator ranch an executive branch. It seemed to want to just spend without any sort of end at all. I know a lot of this is sort of a river modern monetary theory, which is this idiotic idea, that the federal government can spend as much money as it could possibly want for literally the rest of time, because nobody is ever going to see the full pay credit of the United States is in doubt. And we are always going to be the world's strongest economy. We always going to be the world's strongest currency and if we aren't well will deal with that, when we come to it Jenny Ellen who member was the of the Federal Reserve. Our reserve was supposed to be a non partisan, non political board. Is their job to see that the inflation rates remain low and that employment remains high The agenda. Yellin was Bosnians. Nonpartisan person, of course, that chinese fence, the chinese screen between the

Treasury Department and Federal Reserve was obliterated long ago. Vagina Ellen has made clear just how fast that was. Obliterated should move directly from the Federal Reserve to the Treasury department, or she has been now advocate to get rid of that ceiling entirely. The idea at any time. Congress just passes something it should automatically raised that ceiling, so we can go out and we can borrow for it and there'll be no leverage to lower any time in the future member that ceiling instrument has. he's a couple of times in the past ten years in order to were spending or in order to jars political items loose as not just. publican thing in two thousand. Six Nancy Blowsy actually held up that ceiling in order to try and pride concessions from the Bush administration. But most famously that ceiling debate was hit during the banner time as speaker of the house and the result was sequestration, which was a lowering of the rate of increase in government spending in the federal government is pretty controversy. because Brok Obama insisted that half the cuts come from defence if there were gonna be ended and he cuts has brought about a hated defence of carbon but

It was at least an instrument for attempting to lower the amount of money we spend. Now we have the exact branches and we want to spend without end, and we don't want any sort of congressional check on how much we can take out in order to pay for your spending. So is breaking down along partisan when, frankly, I'm at least mildly. Please that even Republicans are not on board we're getting rid of it ceiling entirely because Jenny elevating the case which we support simply eliminating the dead ceiling? I'm so that we don't have to deal with this. during the vote, as I'm your crisis, Yes, I would, if to finance those spend in tax decisions, its necessary to issue with digital debt, I believe it's very destructive to put is it myself, the Treasury secretary, in a situation where we might be unable to pay the bills that result from those past decision

The debt ceiling is a natural constraints on the growth of government and always provides a leverage point for reducing the growth of government. Channing Ellen wants had gone. This is the entire theory of the binding ministration. There should be no limits on spending it spends spend till daddy takes these Hubert away, Wendy, takes the hybrid. Where we had a steady measures, we have two radically increase taxes, we have to cut benefits and this happen again Europe does not, as those unforeseeable it is completely and utterly foreseeable. Not only that, when you ratchet up the spending, and, at the same time, you rat Europe the taxes in regulation, which is exactly what the binding ministration seeking to do. All you end up Nothing is blowing money into an economy that is stagnating and then take it. Stagflation that take it, the nineteen seventy billion get economic stagnation, without inflation as Japan in the ninety nineties, when regulation and lack of entrepreneurship basically destroyed the japanese economy for more than a decade that

is, I think, a high probability at this point, and even by recognising that he's forecasting over the course of the next decade, let us less than two percent rate of growth. American GDP, which they really at any rate of growth it. But you get stagflation if you have, rapid that that terrible stagnation plus the federal in attempting to pour money into the system. The aforesaid subsidies, whilst region has peace today settled stock market, September slump exposes messy underside and again, the economy is not doing well right. it should be blowing the doors off. He really should me again. We not only have become vaccines, but now we reports. That mark is coming out with a once a day pill, but that region is the possibility of hospitalization enough uncovered even to get infected by fifty percent, so we're coming up with excellent new therapeutic, We already have a vaccine that is highly effective. This pandemic from a public policy respect is now over.

but the abandonment stretching out ago, and not just that they are firmly committed to this fiscal policy which is really about reorganising of american life along social democratic lines, which has cost even Sweden, which raise the so called Third Wade's best. Spending vast taxation initiative in the nineteen. Seventy better get rid of out of those taxes and a lot of that spending political didn't paper itself: they had to free up their economy mean there studies by which the nordic countries actually have free or business regimen. Business market than the United States. as the less regulations they have more ease in beginning a business and many of these countries than the United States does this point so they know They just going down a really bad path. Right here says the Wall Street Journal markets tumbled in the quarter, sending the ESA ninety five hundred to it's worse, monthly, pullback. Since the pandemic field sell off March twenty twenty stew. began that a higher only two slump in the following hours: yes, He five hundred wound up falling one point: two percent to four three hundred seven point five for others nearly arisen, the entirety of its gains for the entire quarter,

the d j. I e the DOW Jones each had one point: six percent as well it suffered for accordingly loss since the first three months of twenty twenty November. This was the ear when everything was supposed to just be. blazing Gung Ho Noble bar drove not really central. guys we're thinking this year's rise in inflation, wine to being a short term phenomenon, aren't sure how transitory pressures will persist. Strategists would predicted and others from or of economic growth are cutting estimates because of some Jeanne bottlenecks in the highly contagious dealt a variant of coordinating economic data It also been falling short of expectations. City groups- you can surprise index, which tracks how much you s, reports have been exceeding or undermining estimates fell this month to its Those levels in June, twenty twenty the month, proved a major setback for stocks. With all but one of the Essen peep I've hundreds, eleven sectors finishing lower in September yes. Indeed, five hundred stop fifteen percent for the Euro managed to squeeze out a sixth straight quarter of gained. The annex is just a few percentage. Went away from its record, close it in early September, but

not everything is moving together. The stock market is probably going tend to gain, but not nearly as fast as people thought it was going to the bottom It is also quite many investors off guard the yield on the tenure. U S, Treasury note flitted, of a narrow range from much of the quarter. Only two stages, sixty rise above one point. Five percent between last week and Tuesday the biggest such events since June twenty twenty the move came after the Federal Reserve indicated it was ready to begin reversing its pandemic stimulus programmes as early as November and considering raising interest rates next year, given a jump in inflation listen, Saunders, chief investment strategies for trial Schwab's has even, though, there's all this discussion about the market being resilience. The churn under the surface has shown more weakness, Saunders attributed swiftly asian taking place in the markets where bevy of investor worry says you have concerns about the virus is concerned, The dazzling you have mixed economic aid, you got uncertainty about monetary policy. Should I don't know what we're gonna get out of this mode anytime soon, inflation, which is also hitting

and not going white. Remember we are told this was transitory. We are now in October, is not trends inflation any longer than has been continuous month by month, inflation since the beginning of the year, heavy month by month, inflation since the beginning of the year. Now. Are we in full crisis mode at this point, given the fact that the the ceiling is about to be hidden. All of us know. Democrats can pass that actually anytime, they want, is clean bill if they spread that ceiling, increase and voted among reconciliation lines that in Europe Publican support to raise the dazzling they could. The reason that they want that is because they want to save that bullet understand conciliation process can only be used three times a year if they use it that ceiling. They can't use it on some other piece of boondoggle legislation. They would like to push what they do. Is they pay the short term spending bill that averted a government shutdown that extends for another couple of weeks? That was heart in the Senate, voted sixty five, thirty five, the house to fifty four to one seventy five lawmakers reach. Today

according to the New York Times on the spending legislation for Democrats, agree to strip out a provision that would have raised the federal government's ability to continue borrowing funds through the end of twenty twenty two. The legislation keeps the government fully funded through December third, which gives makers additional time to reach consensus over doesn't annual spending build the dictate federal spending? So not gonna get a government shut down, at least for the next couple of months. But meanwhile, the underline worries continue, because the underlying economic theory of this administration is very, very wrong and very very bad and is being by the aggressive laughed, which has no understanding of economics like none at all, financing, well she's, ripping much Mcconnell. She says he's playing russian roulette by not raising the ceiling. Is you because you guys can pass the dazzling anytime. You want. You have a majority in the Senate of the United States if Miss Mc Colonel himself has said about the need to address the debt limit. This is what you said. Last time, don't play russian roulette with our economy.

Yet that is exactly what he is doing playing russian roulette interesting that he's playing russian roulette with there call me and with all my heart, security and the well being of America's Working family he's so crazy. She so crazy, noticed russian Jesus with everything they ever since the russian collusion crap every time as the russian sake, interesting, that its Russian isn't it presumptuous, restaurant and waiters like what we do this Caesar salad with russian dressings, really interesting russian. What meaning by this so crazy, but again what this has to do with an overall spending packaging and and feeling towards how, economy ought to work, not in conjunction with reality. That is going to be. Some pretty dire economic consequences will get to more of that in just one. Second, first livestock Whether you can save money really deliver small business. You spend a lot of time at the post office. You spend a lot of money on your posted

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that's what has, as we see that continuing into next year, probably in and holding inflation up longer than we have thought, what's valleys but you don't expect inflation when you just blow money into the economy, who would have would have thought that shopper about again all the to do with a generalised Biden, administration and democratic overlook, which is that spending money is an inherent good, spending money is inherent good in private and man is an inherent bad either, most obvious example of this perspective is something I ve talked about over the past couple of weeks, and that is the person the Joe Biden is trying to suggest as comp ruler of the currency according to the law, street journal. President Biden, enough. Another progressive identity box last week by nominating so on the Roma as controller of currency, some from appointees who killed for having supported the elimination of their agencies. Missile, moreover, wants to eliminate the banks should being appointed to regulate the Coronel University, Moscow professors, radical ideas might even make Bernie Sanders blush. She grabbed.

From Moscow State University in nineteen, eighty, nine only one in a personal academic scholarship. Thirty years later, she still believes the soviet economic system was superior and that use banking should be made in the gas banks image. Until I came to the U S, I couldn't imagining things like gender pay gap still existed in today's world, say what you all about the old USSR. There is no gender pay gap there It doesn't always know best retweeted in twenty nineteen and twenty nine to its true. There is no gender pay gap in the: U S S Ark, as everyone was poor, because It was a communist country where people have jobs and within penury? That would be why also, it seems that soviet women were not exactly operating at the same exact level as soviet men suggestion that everybody is operating it perfectly. Equal levels in the Soviet Union is rather ignorant of history in economics bench that proclaimed women men were treated absolutely equally in every facet of soviet life, but peoples. These were set by the state and gender blind manner, and all women got very generous maternity benefits. Both things are still a pipe dream.

our society, maternal button is internally Bernie Sanders talking about the cuban healthcare system, sharp through a softening. What they do with that withdrawal tell them. I don't member of the family and for your uncle had to float in a car from Havana, but my own, but they have great great basin ok, I gotta go about literacy, among other things, ass, a precious pay scales, capital and credit should be dictated by the federal government into papers. She's get it expanding the Federal Reserve's mandate to include- the price levels of systemically important financial assets, as well as worker wages? Isn't she doesn't want the Federal Reserve and get remember? Is the executive branch, not the legislator branch for some legislator, should not have any power to do this either price which controls are not in the purview of the federal government. relation being the purview of the state government either, but they certainly. The purview of the federal government constitutionally speaking, nothing in the federal government mandate of power, the constitution of the United States, gives them the power Two federally set wages or prices. That is not a thing it, but even if you ve got it

or a thing, you would resign at legislative level amount of the executive branch level. She wanted to reside in side effects, reserve. Would you not even answerable to the executive branch? It's an independent agency issues, this crazy star, and this issue Biden. Selecting model old Joe Biden, is letting this person to lead the efforts in a recent paper. The people's ledger. She effectively proposed the Federal Reserve take over consumer bank deposits and banking, as we know it, and become the ultimate public platform for generating modulating in allocating financial resources anymore, economies. The federal reserve would now become the lender to the american people. Want a mortgage go to the Federal Reserve want this loan. You go to the Federal Reserve. Now. If you think that the Federal Reserve has great history, the sort of stuff, I suggested go look advantage in pretty mad from bears a ninety nine united, two thousand seven see how well that, when it turns out when the government runs the lending programmes they bias towards the people or more likely be politically beneficial to them, and their top priority is not in fact, proof

ability or any measure of the durability of lending instrument, said, the only thing they care about is what it gets done politically, which is disastrous, obviously he wants us to create a central bank, digital currency, FED Goin to redesign, our financial system in turn the feds balance sheet into a true people's ledger. She also believe there should be a national investment authority with member overseen by an advisory board, the academics to finance a big, bold climate agenda so you know a giant infrastructure by green infrastructure bank. She wants a public interest here, highly paid academics with broad support, our to supervise financial regulatory agencies, including the FED? Without constraints or requirements of the administrative process. If you were appointed Uproar should supervise about twelve hundred financial institutions should punish banks that did not follow her diktat. Even Helen was like this is too much for us, and Biden was like well didn't: do it anyway I'm gonna. Do it anyway, genius

This is in charge, speaking of which just one. Second, we have to discuss this three point: five trillion a plan which is gonna go down to flaming defeated this point. At the very least, it's gonna, be cut down to eyes whittled down about half against that just one moment: first, let's, talk about your safety and security on the road, the road to make sure I know what's going on my property. This is why I love my ring devices when he moved from California to Florida. Firstly, my wife said let's get the ring devices on the house, so we did got installed them myself. me feel a lot safer, because I can tell what's going on, I my property at all, times by ring alarm security system. I much more at ease when I'm on the road or away from home. My ring alarm equals peace of mind, protect your home with ring alarm ring alarm, is a powerful, affordable, poems security system you can reinstall yourself. It works seamlessly with others. products in one simple app for special or go to ring dot com. Slash bandit is the perfect way to start your ring experience in keep an eye on every corner of your house of Indoor announced or can see what is happening directly

from your phone. Protect your home anytime from anywhere with ring alarm, however, ring dotcom, suspend for special offer an ring alarm security kit. Today you can build a system right for home, have it up and running in just minutes that is ring dot com, Slash Ben once more ring dot com lifespan go check them out. Right now, ring done, I've been for that special offer on the ring alarm security, kids today, ok, so one of the things that's fascinating to watch with regard to this debate over the three point, five trillion dollar spending bill read that the infrastructure, builders and spending built the infrastructure bill is being held up right now by progresses in the house Some sort of commitment from Joe Mansion and Christian Cinema? They will vote for it. Joe Biden, three point: five trillion dollar pact. mentions in modern. Like note what I'm doing that the progressive like ok will, we will hold up the infrastructure bill. Until you do that, that's not going to work the reasoning when the workers, because donations from West Virginia Unchristian, Cinemas, Arizona, prison cinema only one by about three percent in the last election cycle, the only chance we have of Holy Betsy is being met

Textile Democrat. In the same way, the John Mccain was a mavericks tower, Publican Joel action is any reddest state in America, Donald Trump one West Virginia by forty percent. I mean you Forty per cent of meaning margin of victory was forty percent for Donald Trump in what genuine, yet to have a democratic, senator injure mansion, which means that mentions actual political sort of future. rest on him, standing in the gap and saying to Democrats. No, we are not going to spend this kind of money, so he can go back to his constituents and say: listen if you elect Republican they'll, just be one more republican among the rest of the Republicans. If you can letting me, then I'm part of the democratic coalition, and I will stand up against the more rapacious aspects of the democratic financial plan. and so this is a real hold up for the Democrats in question. But point something out, and that is how this debate is going to really quite fascinating. So normally, when have a giant bill is on it able the details of the bill are what gets debated when it was Obamacare. There were significant talks,

exactly what was the man's are going to be war? The penalties going to be what kinds of plans we're going to be well with the republic option. Were there not be a public option? What would be encompassed in terms of what insurance companies or force to cover how'd you deal with pre existing conditions right. These were all policy debates that are happening over a bombing by the way, a bombing here is projected to causing a trillion dollars. It'll cost about you trillion dollars after all, is is said and done this right now, What we're talking about is at least twice that size as forty five trillion dollars when, when you're it's from the from the list price to the actual price price, you're talking about probably a five ex differential from Obamacare they but put aside the price. That is the only but I'm anyone get like you know what's in about you might know. What's in the bill little because I've talked about what's in the bill right, namely a bunch of child tax, It's that are not means tested which basically to government give away They also have a marriage penalty. Attach we talked about the the community college funding we shot

bout. The attempt to essentially make head start universal, there's a bunch of stuff, the climate change proposal. I've talked about it, but that is not easy. Eighty, what you here in the media is justly toppling number all that matters is the chaplain Number The content of the bill now normally the way that you'd make a case for a bit like this. Is here's a bunch of stuff? We do and here's how much money is going to cost. If you like, caused its cause stop the good stuff you wanna do? No one is talking about that bill. In these terms, they are just talking about that bill in terms of, if you will three point: five trillion dollars. You are good. If you want less than three point five trillion dollars, you are bad is all about the topic. Amber. Why? Because the bottom line, democratic idea here, is that all that matters is spending, it doesn't matter where you spend it does matter how you spend it doesn't matter what programmes are involved. The only thing matters that we blow money out, but you make people more dependent and you could just helicopter this. over the center of the United States, and the Democrats would be happy. It does not matter what programmes are actually affects, waited with

ash, which is why there are not any negotiations that are really happening between the progressive and the moderate where the Moderates Ellison. We got a curb this to give a plan right here, because you don't think it's good enough in the progressive you're like well. If you can do that, we need to up the game right here, because years we're trying to nobody is talking about what they are trying to accomplish, because the dirty secret, as everyone knows what they're trying to accomplish, and that is the maximization of government intrusion into your life via Subsidies or regulation, that is what they are trying to accomplish, Z, never discuss the details, The numbers are just a proxy, for we want to run away acts of your life and one final aspect of your life or One fund slightly less of your life. you slightly fewer aspect of your life? That is why they when we talk in terms of outlining, really is fascinating. Isn't it get normally. When you talk about a billion talk about the contents of the bill, no one's talking about the content of the bill. Number one The formal bell has not yet been proposed a number two, because no one cares about the content of it there are, for example, is ill had Omar talking about how much money she wants against hope, it's all about how much money they want and what they want to do with the money

We remain fully committed to passing the president's entire build back agenda and in delivering on that transformative. Changed at the president ran on that help. Deliver the house, the Senate and the White House. Now as you remember, the Senate sent us a joint resolution that had the three point: five price tag, what do they want to cut? Do they want to child care for families that, Sprightly needed do they want to not address the climate crisis for future generations. Will they now want to have her doing vision and dental care for the elderly do not want. It that Israel blackmail is not going to work because again, there is the stuff available for all these people already If you think that elderly people in the United States don't have any sort of way to get done, who care

no, what world you are living in. That means exist for dental care. It is it that is beneath for quite a while in the United States, as it turns out, now that our bunch of old Somers Walkin around I'll toothless, the notion that the duly population in the United States is in complete lack of dental envision care and that we need to pay for with the federal government. But that's not the point. The point is the spending spending is. The point is what your mansion understand, but the spending The point is gonna with headlines like from David, Brooks this is why we need to spend four trillion dollars, formulate look. How increase it boiling point? brilliant Jazeera five hundred billion dollars. We David Byrne the New York Times you being retweeted by IRAN, clean. If you want to know what Biden is thinking, His brain is not Biden, it is Ronald Clane whose on Twitter, basically tweeting out Donald Trump all of his interior monologues seed. without David broaches column? Today, David Brooks, who is the the suppose it in house Republicans over the New York Times just hysterical. He says

we given up on the idea? The policy can change history, have we lost faith in our ability to reverse or even be alarmed by national decline? More and more, I hear people accepting, idea that America is not as energetic were useful as it used to be. I can practically here the spirits, ancestors crying out the ones that core faith, and this would forever be the greatest nation on the planet, the new Jerusalem, the last best hope of earth. My answer we're aspiring immigrants and understood where the beating heart of the nation resided with the war class in the middle class. The ones depicted by will a Catholic James Agee. Well that was in or in the honeymooners, the best years of our lives and on the waterfront. There was a time when the the common man was a source of pride and a high compliment. Over the past few decades there has been redistribution of dignity upward from again through Romney, the Republicans valorize entrepreneurs, eels in Wall Street, the democratically we became dominated by the creative class who attended competitive colleges moved. when natural areas married each other and build advantages onto their kids, they could leap even further ahead. There is

a partisan embrace of a culture of individualism which opens up a lot of space for people with resources and social support, but means loneliness and abandonment for people without for you, College became the definition of the good life which left roughly two thirds of the country out, and so it came, the crisis that Biden was elected to address. That ways in a combination of elite insularity and vicious populist resentment, the demo expanding bills are economic package that serve moral and cultural purposes. They should be measured by their cultural impact, not merely by wonky analysis on the bottom line, is: if we spend lots of money, is going to make people feel good. Is David Brooks his basic argument. You will feel better if we spend less I also enjoy the notion that the founding fathers who d been all on board with the federal Government- taxing us at exorbitant rates to fund reform of social welfare benefits they could possibly imagine you know precisely that, daffodil rebelling against the Hebrew empire for doing to them, indeed? There are literally rebelling against the british empire because their taxes were too high and because

were concerned that their rights, as Englishman, we're being in vain because they did not have proper representation. What do you make of an executive government that basically regulates every aspect of your life without any input from you, as well as tax rates that would have made the british empire blush? What do you make of that? But he's not going back to the founding fathers. Obviously, David broke she's, going back to the FBI. Our vision of what the United States should be, namely a quasi Socialistic enterprise em up we need to make that argument, but then I'm going to be a very good arguments. I shall anyway Jimmy and standing in a rage, because again, his political motive here is to stand in the breach. If he does not stand in the way she loses his seat and West Virginia. so dramatic incoming. Yesterday's had my limit is one point: five trillion, not three point: five trillion, not four trillion one point: five trillion during my recent, my top line has not been multiplied has been one point: five, because I believe and my heart that what we can do. what the needs we have right now, but we can afford to do without them. Changing our whole society too?

Parliament, mentality, cell yup, right I mean that the heat is correct about this. This has made him persona non Grata inside the Democratic Party mansion and crush more progressive bridge, There will be no deal linking both bills, I'm not going to I'm not gonna, pull up the infrastructure bills that they can run through three point, five trillion dollars to spending, not gonna happen, centre crescents feel, though you're not doing in good faith. They felt that there was an art a deal made, no forgotten avenue burger. Never heard so you you never. You are never part of a deal that laboratory built together through I'm leaving it yeah why you think so hard separated is correct. Ok, I'm imagine when even for anyone three point: five million bucks a lot more liberals, I'm not one of those again remember his incentives. for here is to be a conservative Democrat, of whom there are If you left in the Democratic Party

I've, never been a liberal in any way shape or form. There's no one has ever thought I was have been governor. I've been state secretary state, I've been state legislature, I've been you senator and I have voted pretty consists in my life. I dont full of any of them who believe that they are much more progressive and much more liberal. God bless him. And all they do, is we have to look more? I guess for them to get there's a lot more liberals ouch out dementias snacking down squad. I, then dimension dropped a bomb yesterday, just directly on tremors had struck him or Nancy plus you ve been playing this game with I go now we never. What will it was all Three point: five: it was not always three point: five trillion dollars romance and actually just dropped. A piece of a framework deal signed by truck humor annual mansion for point five trillion dollars in spending not free five trillion dollars in spending. And by the way against Romanians already signed off this year. On one point:

and trillion dollars and spending earlier this year, this would be one point: five trillion dollars and spending there be another one trillion dollars and supplemental spending. By the time we get to the end of your mansions spending. The conservative guy this year, you'd be at five trillion. Bucks. Ok, but here we got tremendous monotonous, such humor I suppose, you're going around being my God actual mansion he's terrible. You signed this at the end of July trucks humor. So what is it Actually, this documents AIDS has the top line, would be one point five trillion, but the funds New legislation would not be dispersed until all funding from covered legislation in a r p american recovery plan for Earlier this year has been spent and one of the condition was that the Federal Reserve would end quantitative easing, in other words, inflating, the currency it would require needs based. means tested, guard rails and formulas anew spending targeted then caps on existing programmes additional handouts or transfer payments on climate. It would require spending on innovation, not elimination,

so in other words, would not be about eliminating coal because managed from West Virginia. Also any revenue exceeding one point: five trillion dollars would be used for deficit reduction would not be used for further spending. It would set the corporate tax rate not at thirty, nine percent or thirty presented set at twenty five percent. Raise the top right on ordinary income to thirty nine point: six percent: that's the only area where there is broad consensus in the Democratic Party. What they wanted to be raised, the capital panes rate to twenty eight percent. All in May, not thirty. Nine percent, which is what Biden was looking for it, would it would end the carried interests tax, so called Lou, and then it says, Centre mansion does not guarantee. You will vote for the final reconciliation legislation if it exceeds the conditions outlined in this agreement, because drawback bombshell, directly The head of chunks, rumours that yesterday was just Joe Mansion Day, ripping the democratic progress since apart any he was pointing out correctly inflation, has real downstream effects for the person in the middle class against someone David Brooks doesn't seem to understand, and neither does

tired, Democratic Party separate romance and inflation hurts the little guy, the most inflation like if you're a rich person- and you have the wealth and savings you know you're doing with that stuff, investing it if you're the person whose spent their entire life building up a little bit of a bankrupt, and then the government just keeps waiting, although savings are less there are worthless anywhere yesterday. What's your retiree on a fixed income inflation due to you. There is dramatic pointing this out. I asked for the strategic policies because after that, and we basically covert coming back at us and we get all the unknown is right now, especially with what reform that my dear the geopolitical fall out geopolitical fall out of my come from the air from the Afghanistan departure and also inflation. Give you thirty example was I just saw the data where the The one dollar we call general dollar store knowledge than onward then along the dollar general gone.

What a dollar fifty cent general that's hard for waste, regain people's national Although we have take all this and consideration. So that is bad. According to the Democrat member is about the common man. I promise you Joe Mansion represents the common man far more than shimmered us. That is certainly true and just one second we'll get to the media response to all of this, which is just screaming into the void. First, let us talk about it. Save money on auto parts, so you really wanna be waiting in line at the ottoman, stores that really something you'd like to do and then get to the heart of wine and, for some reason, beta works behind the counter. As I do and seen, you know why Nissan, also idea. Well, I have the party obray back in order free of charge you by twenty percent coming through actually say: that's all right

or you can just go online and skip NATO completely and get the part for the correct price with rock auto dot com. They always offered lowest prices possible rather than changing prices based on what the market will bear like airlines do. Why would you spend twice as much for the same parts? Furthermore, prices. Iraq ordered outcome are always the same for professionals into yourselves. Their family this serving Oughta parts customers online for twenty years, had enough recorded. I come chopper, ATO and body parts from hundreds manufacturers, the catalogues unique it markedly easy to navigate, navigating quickly, see all the parts available for your vehicle and choose the brands, specifications and prices you prefer had on average rock auto dont come right now see all the parts available for it. car or your truck right Shapiro in their. How did you hear about us box? So they know that weeds You already we'll get you more in just one moment. First, it is glorious time of the weakening of a shadow to a daily. Where member today is tee, hello on Twitter was reason to believe. Not all high school students are completely lost in the black sea. Elsie said, get her desk and proudly displaying the world's greatest beverage vessel. The caption reads here: I am with my leftist: your supper matchless substitute teaching at a local

school of actually gotten compliments from the students. There is hope yet for the next generation hashtag leftist years at Tumblr, glad to hear it keep up the good work thanks. the pig thanks for being a daily. Why remember also news for you. If you're a video under whose dream joining the daily working now is your big chance at fame fortune and glory we are searching for a new video editor to join our postponed department in Nashville Tennessee, beautiful National, this personal cut in December, raw video footage using compelling story and skills to creatively. what an emphasise subject matter in videos for various daily wire projects and shows like this one, a minimum of two years, the professional video editing experience is required for this opportunity. This is a national Tennessee based position why please submit your resume as well. Your real or portfolio through daily wired outcome, slash careers, a full list, Our current openings out daily way can be found here as well. You are listening to the largest fastest growing conservative Pakistan reassured the nation so all the key Buddy Imbros

they're, all universal in their hatred for dramatic. Did you know that you are in with the common man when the folks at the top of the company, iraqi, your late night house, where millions of dollars are very angry at Joe Mansion, the senator from West Virginia is white. Listening to David Brooks once suggested then he liked Barack Obama because of the way he pleaded his pants. I'm not getting you that's a thing David Brooks actually said back in two thousand. Eight David Who is like the yuppie of all guppies David brought about the morality of spending. This much money while ripping Anja Joe Mansion, is just its peak, democratic elitism or gets one is in just one taken. First, you may have noticed that the global pandemic has comply. be disrupted the markets, reckless spending from policy and bind that's making things worse. Finding good places to invest your heart, an hundred thousand now an aspect that can be tougher than ever. If you like me America, you're, probably heavily allocated to equities, which is exactly never report from the Wall Street Journal to city is telling you probably not to do at this point. There project Equity returns anywhere from five percent, really going negative, but the federal

enjoying two bucks on congresses monstrous infrastructure, but it doesn't a genius to see your money need a safe haven in Asia right now, so our professional investors preparing for this nightmare scenario of many of them already have they turn to an under the radar ass, a class one that has restored. We only been available to coastal elites and hedge fund managers. It's a real physical assets. It's not gold, real estate or crypto is actually fine art. one of the oldest most stable asset classes of all time, thanks to a new illusionary tech platform. You can finally get access to them, exciting six trillion dollar world early adapters have already returned thirty, two percent on their investment and weightless keeps getting longer lucky for you get me sixty passages skip that to jump to the front of the master works, dot, IO, Slash Ben at his master works dot. Io lifespan previous offers have that now has to wait around before this. to invest carefully review the important disclosures it master works, dot, io, slash disclaimer, so here you have. The daily show ripping Joe Mansion

introducing may see the politics game where everyone works together, almost prevailed, you play is the democratic majority in this house, but watch out. One player is cheap It concerns over the parties and nature of this legislation, like some once the mansion we're on as they ain t you now His bill cannot move forward without the support of the least one republican colleague, but there are no Republicans here on a plane, with managing. You can feel the excitement of a narrow majority held hostage by one sanctimonious head, so much humor ones, ages, antimony, easy, it's funny. It's funny man. really pushing the boundaries of comedy.

I'm an comedies make you laugh Sub Myers, doesn't yourself Myers being not funny? We ve got two sailors. Joe mansion has been called the kingmaker by fossil fuel executives, impersonally profits from the coal industry in Kyrgyzstan, Cinema whose in hundreds of thousands, in donations from big farming has been raising money from business groups, holding up a bill that would tackle climate change. we paid family leave, make community college tuition, freed, transform childcare and expand access health care among many other things name. One thing in this bill, you think, is unpopular pay, family, leave, childcare, tax credit, dental benefits for medicate He's so funny, you said I M, enjoying the notion from Democrats: if you don't vote the way the day want you devote its because you're being bribed Joe Mansion is doing this because of the bribery, and so is Kristen Cinema that that's. Why? Because they are being bribe? That's that's clearly the issue here. So a few things one. If we're gonna talk about open Brown

bring the democratic parties. So in hock to places like the teachers unions, they will literally rewrite CDC standards in order to please the teachers unions. Second of all, as atypical rule, you take donations from groups that are Luckily, aligned with you and if prison, Emma were presumably line, the other way should be receiving Dante and from other groups. I mean that's how politics typically works, but really good on you, good on the elite media for deciding, whose agrees with them it's because they are attempting bribery, while ignoring the fact that the entire democratic programmes and attempt to bribe boulders with their own money. I take money from it some cases not their own money in some cases, from their next door, neighbor right there night we'll take him now extra neighbours. Money will give it to you and then and then your vote for us seems to be a democratic pitcher, but their offer the common man, it's all the common and it's all the common good again there, their basic idea here We spend endless amounts of money for ever and there's no downside ever and all we

it is more and more control over your life, then I would be remiss if I did not note that there is a new standard. With regard to immigration, I mean this administration is a bleak show in so many ways the De Hs has issued Neuro, indeed partition guidelines to immigration agents read this comes just a week after the day just lied about its own agents by suggesting their whipping immigrants illegal immigrants. At the border. The binding menstruation said that Biden said it Harris said it may. Orca said it was all now the g addresses issuing new regulations. What do these regulations do? According to the Washington Post Quote Homeland secure secretary. Our hundred may orders broad new directed to immigration officers on Thursday, saying that, that someone is an undocumented immigrants quote. Should alone be the basis of a decision to detain into port them from the United States. Oh, that's not, but aren't you like the immigration certainly border patrol, so your job is to pay. From the border, but if someone crosses the border illegally, that is

alone, the basis to detain or them from the United States, I wonder why people think there's an open border here, it's bewildering to me who could have predicted such a thing the same time. These people are releasing their fifteen thousand One of the bridge in Del Rio taxes, ten to twelve thousand them. According to May Arcas entered the United States. I wonder why everyone thinks there's an open border during the United States, maybe an open border here in the United States. Thanks to these tool, bags dont know you're not just combining bad economic policy with it. Budgetary policy and fiscal policy. You got back I'm a policy, bad fiscal policy, endless welfare benefits in an open border? I can't see how any thing here is good. It is gonna, be bad. It's all probably be great. No even Bernie Sanders used to be in favour of a closed, argues in favour of close border, because he may be perfectly plausible and rational argument that if you offer endless welfare benefits to people and leave the door open, you won't be able to pay for everyone so much for that. In wants endless welfare benefits for pretty much everybody in Don't open border

Misty programmes on the way for those who say well, you know illegal immigrants can receive things like federal welfare benefits. First of all, can receive in some states state welfare benefits. They receive free public education for their kid. But beyond that, be ministration, would very much like to make all these people citizens as fast as humanly possible. Does this look like a recipe for the success of the United States, or does it look like an attempt to gain ultimate power for the rest of time by the democratic party? Endless welfare benefits endless. Every endless spending combined with open borders is one hell of a combo already we back or later today, with an additional hour of content. First, you can't forget to end your week by checking out the reclaiming show grew Friday's got an exciting evening plan for you had on over to daily word. I come at seven p M eastern six pm central tuning, I'm bench here. This is the bench Barroso If you enjoyed this episode, dont forget to subscribe and if you want to help spread. The word please give us a fight

Star review and tell your friends to subscribe to were available on Apple podcast, Spotify and wherever you listened to. Podcast also be sure to check out the other daily wire podcast, including Andrew Craven, show that Michael Mole show and the man while show thanks for listening, Dementia Bureau, show, is produced by Elliot Felt, executive producer. Jeremy boring our supervising producer is math is clever. Reduction manager of a white asking associate producer, Bradford Carrington, post producer. Just in barber show is edited. Adam silent audio is mixed. I make a coral meta here and make up my fabulous, Christina Reduction Assistant, Jessica grants. The bench of Euro Show is a daily wire production copy daily wire, twenty twenty one, everybody this is Andrew Craven, hosted the Andrew Craven show. You know some people depressed, because the republic has collapsed. seeing the end of days is approaching and moons turned to blood, but on the

Proclaiming show that's where the fund just get started so come on over the Andrew Clavering Show and laughed your way through the fall of the republic. With me, Andrew Clayton,