Rich tax debate is a distraction! It's not the defense budget driving debt

Hinzugefügt: 2026-05-19

[00:00:00]Let me just kind of clarify this for a second. You said 7. Whatever, 7 trillion budget. That's what you said, right?

[00:00:06]That's the spending for the That means you could take the top 10 billionaires, steal every dime they have, and not fund the government for one full year.

[00:00:16]>> Yeah, that's exactly right. And that is the fallacy of taxing the rich. There is not enough money out there in the hands of these rich people to fund the spending addiction that the federal government has. And so this is very troubling. Now, a lot of people will say, well, Dan, it's the defense budget.

[00:00:31]That's what's breaking the back of the American taxpayers, the defense budget.

[00:00:34]Josh, the defense budget is not even close. As I said, it's Medicare, Medicaid, Social Security, unemployment compensation, and then you got interest on the national debt, which is very quickly approaching a trillion dollar a year expenditure, and then you get to defense.