Let's talk about Trump, Harris, their budgets, and debt....
Belle of the Ranch
Belle of the Ranch
4.9 • 1K Ratings
🗓️ 10 October 2024
⏱️ 4 minutes
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Summary
Let's talk about Trump, Harris, their budgets, and debt....
Transcript
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| 0:00.0 | Well, howdy there internet people, it's Bell again. |
| 0:05.0 | So today we're going to talk about Trump's budget versus Harris's budget, and the difference |
| 0:10.8 | between the two. |
| 0:12.8 | One of the hot topics in this election is the economy. |
| 0:16.6 | And along with that, of course, comes the discussion of the deficit and debt. |
| 0:21.8 | A study from the Committee for a Responsible Federal Budget |
| 0:25.4 | analyzed both budgets and their effects of what they would do. Currently the |
| 0:31.0 | national debt sits between 35 and 36 trillion dollars. |
| 0:36.4 | The analysis of the two budgets assumes that Congress would actually do something to implement |
| 0:41.9 | them and it measured their impacts on the national debt |
| 0:45.4 | over the next 10 years. That's just another reminder that a president's |
| 0:51.0 | economic policies are felt long after they leave office. |
| 0:55.6 | Hint, hint. |
| 0:58.0 | The Harris budget includes raising taxes on the top income earners and on corporations. |
| 1:05.0 | Coupling that with a lot of tax breaks for the middle class and those starting a small |
| 1:09.8 | business. |
| 1:11.6 | The result, if she got what she wanted, well, in typical tax and spend liberal fashion, |
| 1:18.1 | it would add $3.5 trillion to the growing national debt. Can you believe that? 3.5 trillion. Typical. |
| 1:27.0 | Okay so what about Trump? His plan focuses on tax breaks for the wealthy, some for the middle class, and a whole bunch of tariffs. |
| 1:37.0 | So what does that do if he gets what he wants? |
| 1:40.0 | Well, in typical fiscal conservative fashion, it would add 7.5 trillion to the national debt. |
| 1:47.0 | Wait, what? |
... |
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