Biden is killing the American economy.
Yesterday, Steve Bannon unloaded again on the Biden Administration and the Democrats’ attempts to destroy the US economy through massive spending. We reported on Bannon’s recent attack on the Democrats’ attempts to raise the debt limit a couple of days ago.
Bannon had economist Steve Moore on his show yesterday to discuss the current economic situation in the US. On midnight the 30th, the Democrats may have to shut the government down. Moore had this to say.
The Democrats own it. They want to pass a $5 trillion debt bill which I think is an abomination for our country. I think it will cause financial ruin for our nation. But if they are hell bent on doing it, as you said, they have the power. They control the House, they control the Senate, they control the White House. They own it. If they’re going to increase the debt…
… the crisis is not the debt ceiling, the crisis is the $30 trillion debt. This is the most amazing thing. They act as if all we have to do is raise the credit card limit and we’ll be fine. No, we can’t afford this stuff. By the way $10 trillion this year. $10 trillion is how much the Democrats will authorize through the normal budget, plus the blue state bail out bill plus the sham infrastructure bill, which is green deal, plus their $3.5 to $5 trillion, what I call great society two. We’re for none of this Steve. We free market conservatives are against every word of this and so it should be ‘hell no’ to all of it.
Watch the entire interview.