{"id":58978,"date":"2023-03-13T17:42:08","date_gmt":"2023-03-13T21:42:08","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/biden-admin-has-been-spending-like-crazy-and-set-up-a-boiler-thats-really-about-to-explode-art-laffer-58978"},"modified":"2023-03-13T17:42:08","modified_gmt":"2023-03-13T21:42:08","slug":"biden-admin-has-been-spending-like-crazy-and-set-up-a-boiler-thats-really-about-to-explode-art-laffer","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/biden-admin-has-been-spending-like-crazy-and-set-up-a-boiler-thats-really-about-to-explode-art-laffer-58978","title":{"rendered":"Biden admin has been spending like crazy and set up a boiler that&#8217;s really about to explode: Art Laffer"},"content":{"rendered":"<div>\n<p>Former Reagan economist Art Laffer, along with Fox Nation host Tammy Bruce, dissected the collapse of Silicon Valley Bank Monday on &#8220;<a href=\"https:\/\/www.foxnews.com\/shows\/america-reports\" target=\"_blank\" rel=\"noreferrer noopener\"><u>America Reports<\/u><\/a>.&#8221;\u00a0<\/p>\n<p><a href=\"https:\/\/www.foxnews.com\/politics\/treasury-rejects-complaint-excluded-senate-gop-silicon-valley-bank-briefing\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><u>TREASURY REJECTS COMPLAINT THAT IT &#8216;EXCLUDED&#8217; SENATE GOP FROM SILICON VALLEY BANK BRIEFING<\/u><\/strong><\/a>\u00a0<\/p>\n<p><strong>ART LAFFER:<\/strong> <i>The <\/i><a href=\"https:\/\/www.foxbusiness.com\/markets\/silicon-valley-bank-collapse-mark-cuban-says-fed-immediately-take-action\" target=\"_blank\" rel=\"noreferrer noopener\"><i><u>Fed<\/u><\/i><\/a><i> has on its balance sheet about eight and a half trillion dollars worth of bonds. That&#8217;s just totally out of control. It should not have anything like that. The administration has\u00a0been spending crazily and now wants to push higher taxes, all of which are in the wrong direction.\u00a0<\/i><\/p>\n<p><a href=\"https:\/\/www.foxnews.com\/download\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><u>CLICK HERE TO GET THE FOX NEWS APP<\/u><\/strong><\/a>\u00a0<\/p>\n<p><i>They&#8217;ve set up a boiler that&#8217;s really about to explode and this is the catalyst here. I mean, <\/i><a href=\"https:\/\/www.foxbusiness.com\/politics\/treasury-federal-reserve-fdic-release-joint-statement-mapping-out-approach-silicon-valley-bank-collapse\" target=\"_blank\" rel=\"noreferrer noopener\"><i><u>Silicon Valley Bank<\/u><\/i><\/a><i> is the catalyst. It&#8217;s sort of like Long-Term Capital Management was or Lehman Brothers and what they&#8217;re trying to now, now that the weaknesses have been shown so clearly, as Tammy pointed out, they&#8217;re trying to control it from going further and this they had to do in the spot market, really. They had to. But it&#8217;s their [the Biden administration&#8217;s] policies that need to be changed and as Tammy said, Biden needs to be fired and so does Powell, not the people in Silicon Valley Bank.\u00a0<\/i><\/p>\n<\/div>\n<p><a href=\"https:\/\/www.foxnews.com\/media\/biden-admin-spending-crazy-set-up-boiler-explode-art-laffer\">Source &#8211; https:\/\/www.foxnews.com\/media\/biden-admin-spending-crazy-set-up-boiler-explode-art-laffer <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former Reagan economist Art Laffer, along with Fox Nation host Tammy Bruce, dissected the collapse of Silicon Valley Bank Monday on &#8220;America Reports.&#8221;\u00a0 TREASURY REJECTS [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-58978","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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