Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

Sen. John Kennedy says the only way to improve Biden’s budget ‘is with a shredder’

by March 13, 2023
March 13, 2023
Sen. John Kennedy says the only way to improve Biden’s budget ‘is with a shredder’

Sen. John Kennedy, R-La., said Sunday that President Biden’s nearly $7 trillion budget proposal took his ‘breath away’ and belongs in the ‘shredder’ rather than saddling the American taxpayer.

‘The president’s budget took my breath away,’ Kennedy told ‘Fox News Sunday.’

‘His numbers are extraordinary,’ he said. ‘We’re going to run out of digits here. It’s a $6.9 trillion budget, $4.7 trillion in new taxes that will affect everyone over 10 years, $18 trillion in new debt, a cut to defense.’

Biden unveiled his proposed budget for fiscal year 2024 on Thursday, and some projections say it would result in almost $5 trillion in tax hikes on corporations and wealthy Americans and lead to increased costs for everyone. 

The Committee for a Responsible Federal Budget warns the budget would result in the country’s debt rising from 98% of GDP at the end of 2023 to 106% by 2027 and then 110% by 2033.

According to their analysis, despite some attempts at deficit reduction, nominal debt would nearly double, growing from $24.6 trillion to $43.6 trillion over the next decade.

‘The only way I know how to improve the president’s budget is with a shredder,’ Kennedy said Sunday.

‘The president says that his budget will solve our financial problems in Medicare and Social Security,’ he said. ‘That’s not true. Anything seems possible when you don’t know what you’re talking about. The Wall Street Journal just reported that the president’s budget will add $11 trillion in a financial shortfall to Social Security and Medicare.’

‘If you want to talk savings, well, stop sending checks to dead people,’ he said. ‘We spend about a billion to 2 billion every year to send money to dead people, the checks are being cashed. It’s obviously fraud. The president’s plan to have the American people pay for student debt costs $400 billion over 10 years, we already had a plan to repay student debt, it’s called a job.’

The White House did not immediately respond to Fox News Digital’s request for comment.

Fox News’ Elizabeth Elkind and Lawrence Richard contributed to this report.

Jessica Chasmar is a digital writer on the politics team for Fox News and Fox Business. Story tips can be sent to Jessica.Chasmar@fox.com.

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
GOP presidential candidates react to Silicon Valley Bank collapse; Trump blames ‘out-of-control Democrats’
next post
Pence says ‘Trump was wrong’ for Jan 6 handling, ‘history will hold’ him ‘accountable’

You may also like

Israel stares down ‘ring of fire’ as Iran...

August 6, 2024

DCCC gives talking points to House Dems amid...

October 18, 2023

‘Intensely loyal’ Jill Biden aide despised by White...

May 28, 2025

Federal judge blocks Trump’s transgender military executive order

March 19, 2025

Stefanik says Harris joint interview with Walz is...

August 29, 2024

Political strategists lay out how Trump should kick...

March 4, 2025

Multiple Power Grid Facilities Receive Threatening Letters Following...

December 17, 2022

New Orleans Mayor LaToya Cantrell Says $30,000 in...

September 18, 2022

EXCLUSIVE: Trump-Endorsed Arizona Attorney General Nominee And Former...

September 27, 2022

Robert Barnes Interview – Stunning Claims in Alex...

September 27, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Republican senator claims RFK Jr. mRNA vaccine decision undermines Trump agenda

      August 7, 2025
    • Who is Anita Dunn? The Biden confidante who clashed with Hunter grilled in House autopen probe

      August 7, 2025
    • Case v. Montana Brief: Limit Loopholes to the Fourth Amendment

      August 7, 2025
    • Trump opens $9tn US retirement market to crypto in landmark executive order

      August 7, 2025
    • What Should We Learn from China’s Nuclear Construction Costs?

      August 7, 2025
    • Closing the Primary Care Gap

      August 7, 2025

    Categories

    • Business (8,704)
    • Investing (2,182)
    • Politics (16,333)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved