Stuart Varney: Kamala Harris wants to quietly add to our nation's 'tsunami' of debt
US borrowed $1.5 trillion in the first 10 months of fiscal year 2024, Varney says
Stuart Varney: Kamala Harris wants to spend more as our national debt explode
Varney & Co. host Stuart Varney argues Kamala Harris' push for affordable health care and the Green New Deal will exacerbate our nation's debt crisis.
During his "My Take," Tuesday, "Varney & Co." host Stuart Varney addressed our nation's national debt crisis, arguing Kamala Harris' economic plan will lead to higher taxes, slow the economy and worsen the deficit problem.
STUART VARNEY: No one wants to talk about debt. It's a turn off.
The red ink has been a rising tide for some time. We've ignored it.
US NATIONAL DEBT TO SURGE TO RECORD LEVELS WITHOUT REFORM, RAISING PROSPECTS OF DEBT CRISIS
I'm talking about our government's debt. The red ink is now a tsunami which is actually likely to get worse.
US Capitol
In the last 10 months, the deficit totaled $1.52 trillion. In plain English, we spent $1.5 trillion more than we took in. Astonishing.
It shouldn't be like this. When the economy is growing and unemployment is low, the red ink should be shrinking, but it’s not, its growing.
At the end of the fiscal year, September 30th, we will have borrowed another $250 billion in just 7 weeks.
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Nobody is talking about this, least of all the Harris campaign.
They have some responsibility for the wild spending that is making things worse, and they want more.
Kamala wants "affordable health care," you know what that means, huge subsidies with taxpayer money.
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She wants "affordable child care." Really? It's only "affordable" if the government pays for it.
She's all for the Green New Deal. There goes another trillion, or three, of your taxpayer dollars.
Harris says she will announce her economic plan soon. Will she flip-flop on debt, the way she's flip-flopped on the border and fracking?
FLASHBACK: KAMALA HARRIS RESPONDS TO HOW SHE'D HANDLE INFLATION
She will take no responsibility and will claim that higher taxes will fix the deficit problem. Wrong again.
Higher taxes will slow the economy, and we'll be borrowing even more and under no circumstances will she cut spending. Democrats don't do that.
Our debt is exploding and we are shrugging our shoulders. It won't matter until it does.
