EXCERPT:
KHANA: "Well, I’m glad you point this out because it is a completely reckless budget, and this is the last time any Republican should lecture us about debt or deficit. We have a $36 trillion debt. We have a $2 trillion yearly deficit. President Biden had a plan to bring down that deficit by about $1 trillion a year, to move us back to having deficits not be more than 4% of GDP. The Republicans just passed a budget that would add $3.8 trillion over the next 10 years to the existing 2 trillion deficit we have, taking the deficit to GDP ratio to 8%, almost unprecedented, not in wartime. And this is why you see the bond market reacting. It’s the most reckless economic policy of any modern administration."