Part 10/13:
Turning to fiscal policy, Hanky criticizes the proposed $4 trillion tax cut bill and the increasing federal debt. While the bill is portrayed as a "tax cut," he clarifies it is more accurately an extension of existing tax policies, avoiding a tax increase rather than reducing taxes substantially.
He highlights the reckless expansion of government spending, especially on the defense sector—with waste, fraud, and abuse rife—arguing that excessive military expenditure is unsustainable. He draws contrasts with past administrations like Reagan and Clinton, who managed to control spending and reduce deficits through disciplined policies and political consensus.