4.9 • 720 Ratings
🗓️ 14 February 2025
⏱️ 13 minutes
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0:00.0 | Presidentist Joe Biden shuffled off the stage over three weeks ago, but his legacy, unfortunately, is not forgotten, unlike what he had for breakfast this morning. |
0:09.3 | Hey, everybody, I'm Steve Green with Bill Whittle and Scott Ott. This is Right Angle, brought you by the members of Bill Whittle.com, and gentlemen, we got a whopper of bad news yesterday, and I got to apologize up front because I swear |
0:22.9 | every time I talk about overspending and over borrowing and over regulation, I swear I |
0:27.4 | I lose readers at PJ Media, and I don't want to drive anybody away here, but there's stuff |
0:31.5 | we've got to talk about. |
0:32.8 | So I put these numbers together in a bright, shiny package that you can share with others |
0:37.0 | to let them |
0:37.7 | know how big a hole the Biden-Gabal dug for us. |
0:42.7 | Geiger Capital warned on X on Monday, the train is out of control. |
0:47.2 | The first four months of fiscal year 2025, that's the last four months of the Biden administration, |
0:53.9 | produced a deficit of $838 billion. |
0:57.8 | That's $306 billion more than the deficit recorded in the same period the previous year. |
1:02.9 | And we are running, they said, on track for a trillion, excuse me, a $2.5 trillion annual deficit this year. But believe it or not, even with all that |
1:14.9 | stimulus, inflationary, whatever bad debt spending, tax revenues increased by less than 1%. |
1:24.4 | So we're essentially transferring flesh blood into a corpse, and that corpse is the economy |
1:30.6 | that Biden murdered with overregulation. So let me just tell you a couple more things before we get to, |
1:35.9 | I think we're going to start with Bill here. The economy's official growth rate last year was 2.8%. |
1:41.6 | That's an extra $800 billion or so in a $29 trillion economy. But the deficit, |
1:48.7 | that's the money we just printed up out of nowhere, the funny money, was $1.8 trillion. What that |
1:54.0 | means is that the growth was an illusion. It's Washington's accounting gimmick financed by our |
1:59.7 | grandkids and our great grandkids. |
2:01.7 | So let me put this in people terms. |
... |
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