In a recent discussion on CNBC's 'Squawk Box', House Speaker Mike Johnson voiced his strong concerns about President Joe Biden's latest budget plans. Without hesitation, Johnson criticized the President and his party for their desire to persistently 'boost spending' and the contents of their $1.2 trillion spending package.

Host Joe Kernen initiated the conversation with the Speaker after speaking with Maya MacGuineas about the long-term effects of these spending and revenue strategies. MacGuineas expressed her concern over the outcomes of this budget plan, from which she found no positive attribute. Kernen inquired Johnson's view on this matter, in particular reference to high-ticket items like Social Security or Medicare that neither Presidents don't seem eager to modify.

In reply to Kernen, Johnson expressed a clear refutation to consider cutting essential programs like Medicare and Social Security. He then relayed his perspective on the issue. Following his critique of the effects of the Biden administration's budget, including the largest tax increase in U.S history amounting to approximately $4.9 trillion, Johnson expressed alarm about the potential increase in national debt to a staggering $52 trillion over the next decade.

Johnson, taking a stand for conservative principles, warned about the risks of following a budget plan that can lead the nation into economic instability. He expressed his plea: 'We must not tread upon this path that can potentially plummet our economy.' He and his colleagues believe that to steer the economy in the right direction, the nation needs to follow a different fiscal philosophy.

In a recent discussion on CNBC's 'Squawk Box', House Speaker Mike Johnson voiced his strong concerns about President Joe Biden's latest budget plans. Without hesitation, Johnson criticized the President and his party for their desire to persistently 'boost spending' and the contents of their $1.2 trillion spending package.
Host Joe Kernen initiated the conversation with the Speaker after speaking with Maya MacGuineas about the long-term effects of these spending and revenue strategies. MacGuineas expressed her concern over the outcomes of this budget plan, from which she found no positive attribute. Kernen inquired Johnson's view on this matter, in particular reference to high-ticket items like Social Security or Medicare that neither Presidents don't seem eager to modify.
In reply to Kernen, Johnson expressed a clear refutation to consider cutting essential programs like Medicare and Social Security. He then relayed his perspective on the issue. Following his critique of the effects of the Biden administration's budget, including the largest tax increase in U.S history amounting to approximately $4.9 trillion, Johnson expressed alarm about the potential increase in national debt to a staggering $52 trillion over the next decade.
Johnson, taking a stand for conservative principles, warned about the risks of following a budget plan that can lead the nation into economic instability. He expressed his plea: 'We must not tread upon this path that can potentially plummet our economy.' He and his colleagues believe that to steer the economy in the right direction, the nation needs to follow a different fiscal philosophy.

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