Biden's 'cruel economy' is deteriorating as he hypes 'crazy' student loan handout: Rep. Kevin Brady
Texas Republican rips Biden's spending as inflation persists and recession looms
House Ways and Means Committee ranking member discusses why the Biden administration keeps spending money as inflation rises on 'Mornings with Maria.'
Rep. Kevin Brady, R-Texas, roasted President Biden Tuesday for the cost of his student loan handout as the economy worsens and inflation rises, telling "Mornings with Maria" "it makes no sense" for the president to be raising taxes and increasing debt as a recession looms.
REP. KEVIN BRADY: It is crazy [student loan handout]. So that $400 billion frankly doesn’t count for some other giveaways. The true number is probably closer to $600 billion, and it's real. They are hyping it, the administration is hyping this, this is their big campaign issue, so you can expect every dollar to be spent. You look at the economy, it's a cruel economy under Joe Biden, and it's deteriorating. We're seeing the GDP projections downgraded, obviously, unemployment is worsening, inflating as well.
BIDEN'S SPENDING PLAN COULD COST NEARLY $5T IF MADE PERMANENT, ANALYSIS SHOWS
I noticed that the conference board's leading economic index went below .4% for August, that's a six-month average. That has never happened in 60 years, and we didn’t see a recession, so I think we are in one or looming. So that's why it made no sense for this administration to raise taxes on Made in America manufacturing and small businesses.
WATCH FULL INTERVIEW HERE:
House Ways and Means Committee ranking member discusses the effort to pass a short-term government funding package to avoid a government shutdown on 'Mornings with Maria.'