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LARRY KUDLOW: Federal spending under Joe Biden is almost a quarter of our economy
Larry Kudlow: President Biden’s arithmetic is questionable
FOX Business host Larry Kudlow weighs in on the state of the economy under President Biden’s leadership on ‘Kudlow.’
Let's begin: Save America, stop the spending. House Republicans continue their quest, doing the Lord's work, to reduce inflationary federal spending as the price to pay for an increase in the debt ceiling.
$31 trillion of debt is surely enough. Federal spending under Joe Biden is now at 24% of GDP, almost a quarter of our economy. Isn't that enough? Spending by federal, state and local governments is 44% of GDP, almost half the economy run by the government.
That's nothing if not big government socialism, and Joe Biden and his Democrats will do anything and say anything to avoid government spending reductions. So, here's the president again on the hustings with the big lie.
PRESIDENT BIDEN: They want to cut your social security and Medicare. Now, this is the God's truth. It's almost unbelievable and beyond that, they're actually threatening to have us default on the American debt.
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