The Ben Shapiro Show Ep. 1345 - They’re Gonna Spend, Spend, Spend Until Daddy Takes The T-Bird Away
Oct 1, 2021
Treasury Secretary Janet Yellen is advocating for the elimination of the debt ceiling, stirring up political tensions. Joe Manchin's approach is stifling progressive ambitions, sparking debates over fiscal responsibility. The podcast dives into the complexities of government spending and its effects on inflation, especially on middle-class families. It also critiques the hypocrisy in political narratives regarding immigration policies and welfare entitlements, revealing deeper economic concerns and disparities that resonate with everyday citizens.
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Debt Ceiling's Function
- The debt ceiling allows Congress to avoid responsibility for spending.
- It lets the executive branch borrow without specific authorization.
Modern Monetary Theory and Yellen
- Modern Monetary Theory suggests the government can spend endlessly.
- Janet Yellen, advocating for debt ceiling removal, supports this idea.
Biden's Social Democratic Spending
- The Biden administration's spending policy mirrors social democratic models.
- These models have historically led to austerity measures in Europe.