Economist Stephen Moore argues Biden's agenda would add $22 trillion to the national debt over a decade, six times Trump's increase. Moore calls the $2 trillion infrastructure bill a green energy plan and says $300-a-week unemployment benefits discouraged work until states ended them.
He also edits the great daily Unleash Prosperity newsletter. That's at thecommitteetounleashprosperity.com. He was in the Trump administration. It's up at DennisPrager.com. You can get it free every day. So the living martyr sent me the usual excellent pieces last night, read them, and I spoke to him before the show today, said Who wrote this piece on the infrastructure bill? There was no name attached. I said, it was fantastic. It was Stephen Moore. So there you go, Stephen Moore. What do you say to all that praise?
Very nice. You left out, you buried the lead, Dennis. The most important thing is I have a video on PragerU on the red states versus blue states, which We're still getting a great audience. I think we did that 9 months ago or something, and it's still, you know, got a lot of viewers. So thank you for the opportunity to do that. And, and yes, this infrastructure bill is an abomination. Shame on— obviously the Democrats just want to spend money. I don't understand how any Republican who calls themselves any kind of fiscal conservative would go along with this horrid bill.
I couldn't agree with you more, but I have a question. What— what— on what grounds can Republicans stand when they spent a fortune in the Trump administration?
Well, look, I mean, Republican— there's a bipartisan spending problem in Washington. There's no question about that, Dennis. But, you know, Republicans increased the debt by, you know, $1 trillion, and now the Democrats are trying to, you know, increase it by $6 trillion. I mean, $6 trillion of new spending is what Biden wants. $22 trillion of additional debt over the next decade. And so I'm not going to defend the Republicans' record on controlling spending, but it's as if the Democrats and the progressives have come in and they've taken what Republicans have done and x6, you know? So—
OK, that's a fair answer. OK, that's right. Look, there are gradations of sin. I'm a big believer in that. I actually coined the phrase a long time ago. I did not know that. Are you— is this proposed or you think will happen? $6 trillion.
So it's very easy to, you know, to explain that number. So remember, we had the $2 trillion absurd COVID relief bill that was completely unnecessary, the blue state bailout bill. Remember, that passed in March and that was the $300 a week unemployment benefit extensions, which paid people not to work. Which was crazy. And, and we still have 24 Democratic states that have not repealed that, by the way, even though we have 9.2 million open jobs in America. And by the way, did you see the report in the Wall Street Journal today? Uh, you know, the thing about liberals is they don't think that incentives matter, right? And so they don't think if you pay people more money to stay unemployed that people will stay unemployed. And of course incentives do matter. And so the What the Wall Street Journal found was that the states that have suspended those extra $300 a week bonus unemployment benefits have gotten way more people back into the workforce than these blue states like my home state of Illinois and California, where you are, and New York and New Jersey and Connecticut. They can't get people back working until those benefits expire. So that was one of the bills, that $2 trillion bill that we passed back in March. Now they've got the $2 trillion infrastructure bill that Biden wants, which is really, as you know, you've talked about about this. It's really just a green energy bill, the Green New Deal. And then they want another $2 trillion, what Biden is calling a— I think he calls it human infrastructure. I've never heard that term before, but now childcare and daycare subsidies, Head Start, our infrastructure as well.
Yep, that equals 3 times 2 is 6.
Yes.
Now, not in Oregon, Because they, they don't believe in one correct answer in math. I'll be back in a moment. Stephen Moore's terrific Unleash Prosperity newsletter is up at DennisPrager.com. You can subscribe for free, which is rare in life. You get something great for free. ReliefFactor.com, 800-500-8384 for Just $20 plus shipping. You get a 3-week try. They tell you if it doesn't work in 3 weeks, it probably won't work, so you just cancel your order. But if you have any pain other than nerve pain, please try it. I know it works. I take it. ReliefFactor.com.
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