A ROUGH AND TUMBLE WEEK. LET’S DO IT ALL AGAIN MONDAY.
LET’S DO IT ALL AGAIN MONDAY.
LARRY: WELCOME TO CUD "KUDLOW."
I’M LARRY KUDLOW.
STOP THE LAME DUCK SPENDING
SPRING CONDUCTED BY THE
DEMOCRATS IN BOTH HOUSES WITH
THE SUPPORT OF SENATE
REPUBLICANS INCLUDING MITCH
MCCONNELL AND RICHARD SHELBY OF
ALABAMA.
HE HAS A FINE CONSERVATIVE
RECORD DOWN THROUGH THE YEARS IS
BLOWING IT UP IN HIS LAST WEEKS.
HE WON’T BE AROUND TO PICK UP
THE HIGHER INFLATION THAT MAY
RESULT FROM THE OMNI BUS
SPENDING.
HE’S THE MOST VALUABLE PLAYER IN
THE EARMARKS WORLD SERIES.
ACCORDING TO HIS ONLY SENATE
APPROPRIATIONS COMMITTEE HIS
EARMARKS COME TO $650 MILLION.
THE RUNNER UP IS ANOTHER
RETIREE, REPUBLICAN SENATOR JIM
INHOFE OF OKLAHOMA WITH $511
MILLION FOLLOWED BY HIS AL
MURKOWSKI AT $490 MILLION.
OF THE TOMORROW 10 MOST VALUABLE
PLAYERS FOR EARMARKS, 8 OF THEM
ARE REPUBLICANS.
REMEMBER HOW THE GOP RAN IN THE
MID-TERMS TO CUT SPEND AND
INFLATION?
THEY DIDN’T DO THAT WELL.
THEY ARE THE REINING EARMARK
KINGS OF THE U.S. SENATE, 8 OUT
OF 10 OF THE TOP 10.
ALL OF THEM MADE THE PLAYOFFS.
THE SENATE REPUBLICAN LEADERSHIP
HAS THROWN IN WITH CHUCK SCHUMER
TO BACK SO-CALLED OMNIBUS
SPENDING BILL.
PUT TOGETHER IN AM DARK SMOKE
FILLED ROOM, BREAKING PROCESS
RULES IN AN INCREDIBLY
UNDEMOCRATIC EFFORT.
YOU CAN CALL AROUND SENATORS OR
SENIOR HILL STAFFERS RIGHT NOW,
AND NOBODY WILL BE ABLE TO TELL
YOU WHAT THE TOP LINE SPENDING
TOTALS WILL BE OR THE INDIVIDUAL
COMMITTEE DEALS WILL ME.
LISTEN TO WHAT SENATOR RAND PAUL
SAID IN THIS SCATHING ATTACK.
>> IT WILL BE 3,000 PAGES.
WE’LL GET IT TWO HOURS BEFORE
THEY WANT TO PASS IT.
NO ONE WILL READ IT.
BUT HIDDEN IS -- STEVE MOORE IS
RIGHT.
IT WOULD TAKE 41 VOTES.
41 VOTES WOULD TOP THE EXTEND
SPENDING.
REPUBLICANS ARE EMASCULATED.
THEY HAVE NO POWER AND THEY ARE
UNWILLING TO GAIN THAT POWER
BACK.
LARRY: IN JUST A MOMENT ANOTHER
STAUNCH SENATE CRITIC, SENATOR
MARSHA BLACKBURN WILL BE HERE TO
TELL US MORE.
LET ME MAKE A CALM MORE POINTS.
THERE IS GROWING EVIDENCE THAT
THE PRINCIPAL SORTS OF
SKYROCKETING INFLATION AND THE
EQUALLY RAPID FEDERAL RESERVE
RUN-UP OF ITS MONEY SUPPLY WAS
CAUSED BY HUGE FEDERAL
OVERSPENDING.
GOING BACK TO THE BIDEN COVID
RELIEF BILL OF MARCH OF 2021.
THAT BILL ESSENTIALLY MANDATED
THE TREASURY DEPARTMENT WRITE
CHECKS TO THE BANK ACCOUNTS OF
MANY MILLIONS OF AMERICANS.
I’M NOT ABSOLVING THE FEDS.
BUT THE SOURCE SEEMS TO BE
FEDERAL OVERSPENDING.
JUST PUT THAT MONEY INTO THE
BANK ACCOUNTS.
THIS INFLATIONARY BUDGET
SPENDING WILL BE ENHANCED BY AN OMNI BUS THAT WILL PROBABLY ADD
OMNI BUS THAT WILL PROBABLY ADD
$150 BILLION TO $200 BILLION
ABOVE THE FY23 BASELINE.
WE ARE OFF TO THE INFLATIONARY
RACES ONCE AGAIN WITH THE
OMNIBUS BILL.
MY LAST POINT IS THAT THE SENATE
REPUBLICAN LEADERSHIP’S APPARENT
SUPPORT OF THE OMNIBUS BILL IS A
BETRAYAL OF THE NOTORIOUS HOUSE
REPUBLICANS.
KEVIN McCARTHY AND COMPANY
DON’T WANT AN OMNIBUS FOR ALL
NEXT YEAR.
THEY WANT A SHORT-TERM CR,
CONTINUING RESOLUTION THAT MAY
CARRY THROUGH LATE JANUARY WHEN
THEY TAKE OR THE HOUSE.
THIS WOULD GIVE THEM THE CHANCE
TO RESTORE REGULAR BUDGET ORDER
AND CUT BACK ON THE
OVERSPENDING.
OR IMPLEMENT THE BUDGET CUTS
WITH SPEND WITHING CAPS.
WHY THE SENATE REPUBLICAN
LEADERSHIP WANTS TO UNDERMINE
THE HOUSE REPUBLICANS IS BEYOND
ME.
I DON’T GET IT.
IT’S BAD POLITICS.