S&P DOWN 309. THAT IS IT FOR ME. ♪. LARRY: HELLO, EVERYONE. WELCOME TO "KUDLOW," I’M LARRY KUDLOW AND HAPPY MONDAY, EVERYONE. ALREADY PRESIDENT BIDEN GAVE A WILL PRESS CONFERENCE THIS MORNING. AS YOU MAY KNOW HE TOOK QUESTIONS ON THE BIG RECKLESS SPENDING AND TAXING AND BIG GOVERNMENT SOCIALIST BERNIE SANDERS’S BILL ONE OF THE WONDERFUL ASSERTIONS BY THE PRESIDENT IS THAT THE DEBT CEILING IS ONLY ABOUT PAST SPENDING. OF COURSE HE BLAMED DONALD TRUMP. BUT IT IS NOT ABOUT FUTURE SPENDING. WELL ACTUALLY THAT’S TOTALLY, UTTERLY INCORRECT. IT IS A PIECE OF DISINFORMATION THAT COULD MARK A NEW LOW IN PRESIDENTIAL FIBS. I WON’T CALL THEM LIES BECAUSE HE IS THE PRESIDENT BUT I WILL JUST SAY A FIB, BUT IN THE FIB MARKET AFTER THIS MORNING, MR. BIDEN IS A STOCK LOOKING FOR A BOTTOM. OF COURSE THE DEBT LIMIT DEBATE IS ALWAYS ABOUT FUTURE SPENDING. IN FACT, IT IS ONLY ABOUT FUTURE SPENDING BECAUSE DURING THE TRUMP YEARS MR. TRUMP AND THE CONGRESS AGREED TO SUSPEND THE DEBT LIMIT UNTIL A FEW DAYS AGO ON SEPTEMBER 30TH. SO THE REASON MITCH McCONNELL AND REPUBLICANS WON’T SUPPORT THE DEMOCRATS IS BECAUSE THE DEMOCRATS WON’T SAY WHAT KIND OF SPENDING AND TAXING, DEBT THEY’RE COOKING UP FOR THE NEXT BUDGET. EMPHASIS ON THE NEXT BUDGET AS IN NEXT YEAR. I KNOW THIS IS CIRCULAR DEMOCRATIC FIRING SQUARED GOING ON RIGHT NOW BUT I’M JUST SAYING IF THEY EVER MAKE A DEAL NANCY PELOSI’S LATEST IS THAT THEY HAVE TO HAVE A DEAL BY OCTOBER 31st. THAT IS HALLOWEEN. IF THEY EVER MAKE THE DEAL SOMEBODY WILL KNOW WHAT KIND OF BORROWING REQUIREMENTS ARE NECESSARY FOR THE NEXT YEAR. IF THE DEMOCRATS DON’T KNOW HOW CAN THE GOP KNOW? IF THE DEMOCRATS FESS UP TO THEIR RECKLESS SPENDING INTENTIONS, THE GOP WILL BE RIGHT IN OPPOSING IT AND BORROWING THAT GOES WITH IT. SO I JUST LOVE IT WHEN PRESIDENT BIDEN BLAMES FORMER PRESIDENT TRUMP. ON THE CATASTROPHIC SOUTHERN BORDER WITH ILLEGAL IMMIGRATION HE BLAMED TRUMP. DISASTEROUS WITHDRAWAL FROM AFGHANISTAN HE BLAMED TRUMP. NOW ON ECONOMIC POLICY REVERSING TRUMP’S MANY SUCCESSES, HE BLAMES TRUMP. THERE IS A PATTERN HERE, BIDEN THE VICTIM BLAMING TRUMP. AS BIDEN POLLS PLUNGE THE PUBLIC IS NOT BUYING IT. INFLATION HAS BECOME A HUGE PROBLEM. THE PUBLIC LINKSES BIG GOVERNMENT SPENDING WITH HIGHER INFLATION. THEREFORE THE PUBLIC OPPOSES THE BIDEN, BERNIE THAL BUDGET. THIS IS NOT ALL. TRUMP DIDN’T INVENT THIS RECKLESS BUDGET. IT IS INTERESTING HOW BIDEN SOLD OUT THE SO-CALLED DEMOCRATIC MODERATES AS HE DID LAST FRIDAY WHEN HE WENT UP TO THE HOUSE DEMOCRATIC CAUCUS HE COMBINED THE INFRASTRUCTURE BILL WITH THE BUDGET RECONCILIATION BILL. THAT IS SOMETHING HE AND MS. PELOSI PLEDGED NOT TO DO BUT THEY DID IT ANYWAY. NOW BIDEN IS BLAMING SENATORS MANCHIN AND CINEMA. REALLY THE PRESIDENT HAS COMPLETELY ELIMINATED ANY LINGERING IMAGE OF BEING A MODERATE HIMSELF OR BEING A UNITER. ALL THAT IS TOTALLY GONE. HE CROSSED THE RUBICON AND HE IS NOW A CHARTER MEMBER OF THE FAR LEFT PROGRESSIVE CAUCUS. SO OF COURSE MY OWN MANTRA REMAINS THE SAME, SAVE AMERICA, KILL THE BILL, IN FACT KILL ALL THE BILLS BUT IT WILL BE ONE BIG BILL. NOW I HAVE A COUPLE THOUGHTS ABOUT THIS ONE BIG BILL. IT IS INTERESTING TO ME AT LEAST BY OTHER SO-CALLED MODERATE DEMOCRATS HAVEN’T RALLIED BEHIND MANCHIN AND SINEMA. PRESIDENT BIDEN COMPLETELY SHOT DOWN MY FRIEND, DEMOCRAT JOSH GOTTHEIMER. AS THE PRESIDENT AND MISS PELOSI TOOK JOSH AND HIS MODERATE PALS TO THE CLEANERS. THAT WAS LAST FRIDAY BUT THE PEOPLE WHO WANT A SEPARATE INFRASTRUCTURE VOTE ARE MANCHIN AND SINEMA. SO THE QUESTION IS, WHY HAVEN’T JOSH AND HIS PALS RALLIED TO THEIR CAUSE? NOW JOSH, MY FRIEND, I TALK TO YOU, ARE WE GOING TO BE A PROFILE IN COURAGE HERE TO QUOTE MY HERO JFK, OR ARE WE GOING TO GIVE UP OUR FLAG AND SURRENDER TO THE FAR LEFT? WHICH IS IT? JOSH, YOU’RE ALWAYS WELCOME ON THIS PROGRAM ANYTIME TO TALK ABOUT THIS. YOU’RE A GOOD MAN BUT I’M SURPRISED YOU HAVEN’T STOOD UP FOR MANCHIN. FINALLY, FOLKS, ONE LAST POINT, OF ALL THE PEOPLE, ACTUALLY, AOC JUST GOT SOMETHING RIGHT. SHE SAID IT IS NOT ABOUT THE TOP LINE NUMBER, IT IS ABOUT THE POLICIES UNDER THE HOOD. WELL, OKAY. HERE’S WHERE MANCHIN AN SINEMA ARE COMPLETELY AND TOTALLY RIGHT ON POLICIES. TRANSFER PROGRAMS AND ENTITLEMENTS SHOULD BE STRICTLY MEANS-TESTED, LIMITED IN SCOPE AND LIMITED IN TIME. AND, PERHAPS THE BIGGEST AND, ALL OF THESE PROGRAMS SHOULD CONTAIN WORKFARE. IN FACT I WOULD ADD EDUCATION REQUIREMENTS TO WORKFARE REQUIREMENTS. THIS IS WHERE MANCHIN AND SINEMA HAVE THE STORY COMPLETELY RIGHT AND EVERY SENSIBLE PERSON SHOULD SUPPORT THEM. THE FAR LEFT WON’T, NOR WILL THE FAR LEFT ACCEPT THE HYDE AMENDMENT WHICH PROHIBITS FEDERAL FUNDING OF ABORTIONS WHICH HAS BEEN THE NATION’S LAW FOR 41 YEARS. I BELIEVE MANCHIN IS COMPLETELY RIGHT ON THIS ONE TOO, BUT I DON’T SEE THE LEFT-WING PROGRESSIVES AGREEING TO ANY OF THESE POLICY POINTS. IT IS GOING TO BE A BIG PROBLEM. SO LET THE GAMES CONTINUE. MS. PELOSI SAYS HALLOWEEN IS THE NEW DEADLINE. OH, MY GOD, HOW FITTING, HALLOWEEN. ALL I WILL SAY SAVE AMERICA, KILL THE BILL.
