IT FOR US.
"KUDLOW" IS NEXT.
♪.
LARRY: HELLO, EVERYONE, WELCOME
TO "KUDLOW."
I’M LARRY KUDLOW.
SO IT MAY SEEM FARFETCHED BUT IT
OCCURS TO ME THAT NOW WOULD BE A
GOOD TIME TO TALK ABOUT A RETURN
TO A BALANCED BUDGET IN
WASHINGTON, D.C.
THAT’S RIGHT, A BALANCED BUDGET.
AMIDST UNCONTROLLED FEDERAL
SPENDING AND DEFICIT FINANCE AND
BORROWING AND MONEY PRINTING AND
LET’S NOT FORGET WE HAVE A
PRESIDENT WHO ACTUALLY BELIEVES
MORE SPENDING WOULD ACTUALLY
CURB INFLATION I THINK I’M GOING
TO ENCOURAGE EVERYONE TOWARD A
NEW IDEA, SAVE AMERICA, BALANCE
THE BUDGET.
ALL RIGHT?
NOW THIS IS NOT ENTIRELY NEW.
I’VE BEEN TALKING ABOUT THIS
WITH OUR NEXT GUEST,
NEWT GINGRICH, FOR MANY MONTHS.
HE HAS A WHOLE SEGMENT IN HIS
AMERICAN MAJORITY PROJECT ON THE
BALANCED BUDGET.
WE’RE ALSO TALKING ABOUT IT AT
THE AMERICA FIRST POLICY
INSTITUTE WITH RUSS VOUGHT AND
MYSELF AND BROOKE ROLLINS.
WE’LL ACTUALLY MAP OUT A
BALANCED BUDGET.
IN THE LAST BALANCED BUDGET BY
THE WAY WAS IN THE LATE 1990S
DURING NEWT GINGRICH’S
SPEAKERSHIP.
THE POLICY THRUST OF THOSE
BUDGETS CAME FROM THE CONTRACT
WITH AMERICA.
NOW HERE’S A KEY THOUGHT IN
ECONOMIC TERMS?
THE BALANCED BUDGET IF DONE
PROPERLY WOULD PRODUCE RAPID
ECONOMIC GROWTH AND LOW
INFLATION.
THAT’S RIGHT, STRONG GROWTH, LOW
INFLATION.
TODAY, WITH MASSIVE SPENDING AND
HUGE BUDGET DEFICITS WE HAVE
WEAK GROWTH AND HIGH INFLATION.
SO IT’S TIME FOR A CHANGE.
NEWT BELIEVES AND I AGREE,
REPUBLICANS, DEMOCRATS, AND
INDEPENDENTS WOULD WELCOME A
BALANCED BUDGET INITIATIVE.
ADD TO THE COLLAPSE OF BIDEN’S
RADICAL PROGRESSIVE EXPERIMENT
WHICH NEWT CORRECTLY CALLS BIG
GOVERNMENT SOCIALISM IT IS TIME
FOR A RETURN TO COMMON SENSE
IDEAS THAT WOULD REVOLVE AROUND
A RETURN TO FREE FREE-MARKET
CAPITALISM.
PROPOSING A BALANCED BUDGET
TODAY WOULD EMPHASIZE NOT ONLY
STRICT LIMITS ON FEDERAL
SPENDING BUT WOULD ALSO INCLUDE
MAKING THE TRUMP TAX CUTS
PERMANENT, A RETURN TO
DEREGULATION AND SUPPORT FOR A
SOUND, RELIABLE KING DOLLAR.
ALSO, DON’T FORGET THE PRINCIPLE
OF WORKFARE FOR TAX PAYER
BENEFITS OF VARIOUS FORMS,
WELFARE, FOOD STAMPS, TOO
NUMEROUS EXPENSIVE SUBSIDY AND
PROGRAMS AROUND THE
4 TRILLION-DOLLAR BUDGET WOULD
BE PREDICATED ON WORK, EDUCATION
REQUIREMENTS, AKA WORKFARE.
THIS WAS SENATOR JOE MANCHIN IN
OUR SO FAR SUCCESSFUL QUEST TO
SAVE AMERICA AND KILL THE BILL
BUT LOW IMAGINENAL TAX RATES
COULD GENERATE SUPPLY SIDE
GROWTH AND TURN US BACK TO THE
POST-WORLD WAR II PERIOD WHEN
U.S. REAL GROWTH AVERAGED
ROUGHLY 3 1/2% PER YEAR FOR
ABOUT 50 YEARS.
WE DID IT ONCE.
WE CAN DO IT AGAIN.
LET’S GO BACK TO FREE MARKET
INCENTIVES TO SPUR MORE WORK,
PRODUCTIVITY AND FAMILY INCOMES.
LOW RATES, MINIMAL REGULATION
AND MINIMAL FEDERAL SPENDING.
JOE BIDEN’S WOKE ECONOMICS AND
WOKE CULTURE ARE BEING REJECTED
BY THE AMERICAN PUBLIC.
HIS IDEA OF INCOME
REDISTRIBUTION, HIS DISLIKE FOR
SUCCESSFUL MEN AND WOMEN IN
BUSINESS, HIS INFLATIONISM, HIS
ASSAULT ON PARENTS AND FAMILIES,
HIS PAINFUL AND EXPENSIVE GREEN
NEW DEAL INITIATIVES, HIS
DISREGARD FOR BORDERS,
SOVEREIGNTY AND SECURITY, ALL
THIS ADDS UP TO THE PROGRESSIVE
AGENDA HE IS STUCK WITH IN THE
FACE OF GROWING UNPOPULARITY.
NOT ONLY HAS HE DAMAGED THE
CULTURE, ASSAULTED THE ECONOMY,
BUT FRANKLY HE IS ALSO RIPPED
APART THE DEMOCRATIC PARTY AND
THIS IS WHERE A BALANCED BUDGET
POLICY COULD BECOME AN
ORGANIZING PRINCIPLE FOR ALL
MANNER OF IMPORTANT REFORMS
THROUGHOUT THE ECONOMY AND THE
CULTURE.
REMEMBER THE BIDEN BUDGETS HAVE
FINANCED BIG-TIME INFLATION BUT
THEY HAVE ALSO FINANCED BIG-TIME
LEFT-WING WOKE SOCIAL POLICIES
INCLUDING CRITICAL RACE THEORY,
WILD GENDER AND SEXUAL TEACHINGS
IN EARLY SCHOOLING, NEW SOCIAL
JUSTICE AGENCIES THROUGHOUT THE
ENTIRE GOVERNMENT, RADICAL
CLIMATE REGULATIONS KILLING US
AT THE PUMP BUT ALSO LITERALLY
PREVENTING POWER TO FUEL THE
ECONOMY.
MASSIVE NEW REGULATORY BURDENS
ARE AN ASSAULT AGAINST BUSINESS
GENERALLY AND OF COURSE FOSSIL
COMPANIES SPECIFICALLY.
AND IT HAS ALL BACKFIRED AS
THESE RADICAL PROGRESSIVE
POLICIES ALWAYS HAVE WHEREVER
AND WHENEVER THEY HAVE BEEN
TRIED THROUGHOUT HISTORY.
YOU KNOW, IN RATHER DULL AND
GLOOMY PERIOD DURING THIS TINY
SLIVER OF BIDEN HISTORY I CHOOSE
TO REMAIN STEADFASTLY OPTIMISTIC
ABOUT THE FUTURE OF AMERICA.
WITH UNCLE JOE’S POLLS RUNNING
CONSISTENTLY IN THE 30s NOW I
SEE HIS NEW PROGRESSIVE ERA
DRAWING TO A CLOSE BEFORE LONG.
YES, THE CALVARY IS COMING.
THAT IS THE GOSPEL OF GOOD NEWS
AND SOMEWHERE IN THIS NEW GOOD
NEWS I THINK A BALANCED BUDGET
AIMED AT HIGH GROWTH, LOW
INFLATION AND NEW FAMILY
PROSPERITY IS AN IMPORTANT