Newt discusses the Democratic party’s current disastrous economic policies and why they will hurt the country in the long-run.
Transcript:
Newt Gingrich
Fox & Friends
August 2, 2021
NEWT:
Well look, I think, start with there’s no amount of money that the left-wing anti-Americans wouldn’t spend. There’s no amount of money you could give people that they would think is too much and if you were to ask AOC what’s the most somebody should get from the government, she couldn’t possibly give you an answer. You ask her, who’s going to pay for all of this? It’s a fantasy, so we’re in a situation right now where we’re on the edge, I think, of significant inflation, because the government’s spending far more than it’s taking in. It is putting dramatic inflationary pressure on the economy, and every American will end up being poorer because of the policies of the left-wing Democrats.
NEWT:
You know, Ronald Reagan used to say that he once thought that Democrats spent like drunken sailors, but he concluded that was smearing sailors, because Democrats spent far far more than drunken sailors, and I think that we’re just back to the old Democratic party. They will give money away to everybody, they will give money away to them under any excuse. The idea they are going to have a $3.5 trillion bill on top of a $1.5 trillion infrastructure on top of all of the emergency COVID money, there is a point where the system starts to break down, at two very different levels. One nationally, the question of inflation and how do you handle the debt but the other is personal. What signal are we sending the people? Don’t go to work, don’t pay your debts, don’t pay rent, wait for AOC to bail you out. That’s a very bad social signal in a free society.
