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The Daily Signal

Rep. McClintock ‘Terrified’ for Economy as Democrats Push Massive Spending Bills

The Daily Signal

The Daily Signal

Government, Daily News, News, Politics

4.81.4K Ratings

🗓️ 1 October 2021

⏱️ 29 minutes

🧾️ Download transcript

Summary

America’s national debt has topped $28.4 trillion, but Democrats want to raise the debt limit and keep on spending.  For months, Democrats have been pushing a $3.5 trillion tax-and-spend bill, but they may have hit a roadblock Thursday.  Sen. Joe Manchin, D-W.Va., said he can’t support the social welfare spending package.  “My top line has been $1.5 [trillion],” Manchin told reporters outside the Capitol.  Rep. Tom McClintock, R-Calif., says congressional Democrats' $3.5 trillion bill would significantly harm the economy if they succeed in passing it. Although Manchin and some other centrist Democrats say they can’t support the bill, McClintock says, he “would hate to see the fate of the republic rest on those narrow shoulders.”  Democrats also worked Thursday to promote a more bipartisan $1.2 trillion infrastructure bill. But McClintock says that bill provides funding to “Green New Deal subsidies to green energy companies” and other leftist priorities.  The California Republican joins “The Daily Signal Podcast” to break down the state of the economy and the likelihood that Democrats will be able to pass the $1.2 trillion infrastructure bill and the other $3.5 trillion spending bill. We also cover these stories: Sen. Joe Manchin, D-W.Va., says he won’t support Democrats' $3.5 trillion spending bill.  The Supreme Court will take up a case about Boston’s refusal to fly a flag representing a Christian organization outside Boston City Hall. The gunmaker Smith & Wesson is moving its headquarters from Springfield, Massachusetts, to Maryville, Tennessee.  Enjoy the show! Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is the Daily Signal Podcast for Friday, October 1st.

0:09.9

I'm Doug Blair.

0:11.4

And I'm Virginia Allen.

0:13.6

America is rapidly approaching defaulting on our debt, and Democrats continue to promote

0:18.8

their $3.5 trillion spending bill and $1.2 trillion infrastructure bill.

0:25.3

California Republican Representative Tom McClendon joins the show today to explain why he

0:30.6

is concerned over America's economic future.

0:33.8

McClendon breaks down the latest information on both spending bills, and why Democrats

0:39.3

are so eager to pass their $3.5 trillion bill despite even facing opposition from within

0:45.7

their own party.

0:47.5

Don't forget if you enjoy this podcast, please be sure to leave a review or a five-star rating

0:52.0

on Apple Podcasts and encourage others to subscribe.

0:55.7

And now, onto today's top news.

1:06.0

West Virginia Democrat Senator Joe Manchin says he won't support Democrats $3.5 trillion

1:12.8

spending bill.

1:14.8

Democrats are trying to pass the large bill through a special process called reconciliation,

1:20.0

which would require support from all 50 Democrats.

1:23.8

Manchin spoke with reporters outside the U.S. Capitol on Thursday and told them that

1:28.7

his top line spending limit for the large social infrastructure bill is $1.5 trillion per

1:35.0

political.

1:36.8

My top line has been $1.5 because I believe in my heart that what we can do and what

1:42.1

the needs we have right now and what we can afford to do without basically changing our

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