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The John Batchelor Show

#MrMarket: The debt limit spending debate and a preview of 2024 election cycle. Liz Peek, The Hill, Fox News.

The John Batchelor Show

John Batchelor

Books, News, Society & Culture, Arts

4.52.8K Ratings

🗓️ 3 May 2023

⏱️ 6 minutes

🧾️ Download transcript

Summary

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@Batchelorshow


#MrMarket: The debt limit spending debate and a preview of 2024 election cycle. Liz Peek, The Hill, Fox News.
https://www.wsj.com/articles/biden-secured-trillions-in-domestic-spending-now-comes-the-hard-part-a0fbe4d6?mod=hp_lead_pos4

Transcript

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0:00.0

Sell your car the Motoway way where dealers compete to give you their best price

0:04.7

Compete like a rap battle

0:10.2

Kind of like

0:13.2

Man that ride is nice. I'll give you a really really really good price

0:18.6

Please stop the dealers compete so you get their best price for your car. No way. Yes way

0:25.2

Motoway the way to sell your car. Tee since he's applied visit motoway.co.uk

0:30.1

This is CBS I in the world. I'm John Batch with Liz Peek a colonist the hill commissate Fox news

0:40.4

We go to Washington and the battle of the moment which is about raising the debt ceiling

0:46.0

This is an obscure argument that I've tried to learn and forget many times over the years

0:51.7

It comes down to one side and the other

0:54.4

prevailing in the perception of afterwards and then there's another one another debt ceiling

1:00.4

Deadline in sometime in the future

1:03.2

Liz the president wants to spend all the money appropriated as I understand it a clean bill as the euphemism

1:10.6

The Republicans under Mr. McCarthy have come forward with extremely modest even that word is too strong

1:17.6

slight

1:18.6

Reductions in the spending for example they

1:22.2

The Republicans recommend they not spend I think there's about 60 billion or 80 billion of leftover COVID relief not spend it and yet the

1:30.6

White House is reluctant to cooperate in such a savings is this about the presidential election to that a

1:38.1

2024 Liz and not about the debt I think everything now is about

1:43.5

2024 all these meetings all these conversations are extremely political

1:49.0

Joe Biden unfortunately is in the same position. He was

1:53.0

Going into the 2020 election where he absolutely had to have the backing of progressives and so far he does Bernie Sanders has endorsed him

...

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