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Joe Biden’s newly proposed budget has a whopping price tag of $6.8 trillion, and, if passed, it will plunge the nation deeper into debt.
And as usual, this new budget will be just another tax-and-spend boondoggle that will leave Americans holding the bag.
But Senator Ted Cruz had a lot to say about the new proposal, and he just hammered Biden’s outrageous budget plan with a single tweet.The federal government is out of control and needs to be reined in soon.
Spending by the government is growing while the economy is shrinking, and Joe Biden’s proposed budget only makes it worse.
Ted Cruz made it clear that Biden’s new budget plan is a really bad idea.
The Texas Senator took to Twitter and said, “The sad truth: The socialists are in charge of the White House. Joe Biden certainly isn’t!”According to Cruz, the budget puts a spotlight on an “extreme” agenda that deals with education, climate, and healthcare all while raising taxes on Americans and increasing spending to new levels.
Cruz spoke to Fox News host Sean Hannity on Thursday, where he discussed the problems that Americans are already facing.
Hannity mentioned how “two-thirds of people now can’t make ends meet” and that many people are “cashing in their retirement plans to make ends meet.”
The host also talked about how some people are using their credit cards to pay for basic necessities.Cruz responded by saying that “the sad truth is the socialists are in charge of the White House. Biden certainly isn’t but the people he surrounded himself with have a very simple approach to everything, they want to spend money they don’t have [and] they want to raise taxes on you.”
According to Cruz, the administration has now “unleashed record inflation” and many Americans would agree.
If the budget were to pass, it would “create a $50 trillion national debt” according to Cruz.
The Texas Senator also said that the current administration feels like they can “just keep printing money and unleashing inflation and keep borrowing money from China. It’s wildly irresponsible.”
To make matters worse, Cruz said that the budget prioritizes funding the IRS but does not include appropriations to help secure the U.S.-Mexico border wall.
He also pointed out that Elizabeth Warren (D-MA) was one of the main people pushing the budget agenda.
Proving that the main forces behind this budget are in fact the Socialists who are running things now.
Cruz said, “They want to fund 87,000 IRS agents, but they don’t have funds for significant numbers of new border patrol agents.”
He also mentioned how there were over 100,000 fentanyl overdoses “that happened last year on Biden’s watch.”
During the interview with Hannity, Cruz made it clear that this is a “tax and spend budget” and said, “They’ve got $5.5 trillion in new taxes in this budget. That includes taxes directly on energy. So, remember all of the Democrats who said they wanted the gas prices low? They were lying.”
Fortunately, according to Cruz, there is no chance that the new budget would clear Congress.
Currently, Republicans hold a slim majority in the House of Representatives, and Cruz said, “The chances of this budget being enacted into law are 0.0%.”
According to him, this new proposal makes more references to things like climate, environmental justice, and transgender issues than it does to inflation, fentanyl, and border security.
Economic watchdog the Committee for a Responsible Federal Budget also said that it was “disappointed” in the proposal since it would allow the deficit to grow an eye-watering $17 trillion over the next ten years.
CRFB President Maya MacGuineas said that the budget also didn’t go far enough to eliminate record levels of spending, ultimately resulting in record-high debt.
Informed American will keep you up-to-date on any developments to this ongoing story.