House Minority Leader Kevin McCarthy (R-CA) slammed the Biden administration’s proposed budget during a Fox News interview on Thursday evening and demanded the administration do more to hold China accountable for the COVID-19 pandemic.
“This is too extreme and too expensive,” McCarthy said about the budget. “Think about what we’re saying right here — this is what everyone has ever warned us about. That your debt becomes so large, it’s more than a hundred percent of your GDP. There’s no coming back from that. This sounds like Venezuela or Cuba. Even Obama’s economists tell you this is wrong. And when he’s doing it is wrong. He’s doing it with an economy that’s come booming back.”
“If he simply did nothing, he would make America stronger, but by these actions will put into doubt,” McCarthy continued. “Everyone will get their taxes increased. Inflation will come. So whatever money you have will be devalued. This is what happened to Venezuela. And before our