The Great America Show - March 02, 2024


Mid-Day Update： March 2nd, 2024


Episode Stats

Length

2 minutes

Words per Minute

135.66988

Word Count

320

Sentence Count

32

Hate Speech Sentences

1


Summary

Biden's immigration policies are a disaster for the U.S. infrastructure, schools, hospitals, hospitals and social services are being overwhelmed by the surge in illegal immigrants. The cost of the illegal immigration crisis is approaching the breaking point.


Transcript

00:00:00.000 I'm Lou Dobbs with The Great America Show, midday update for Saturday, March 2nd.
00:00:06.040 I have to begin today with the calamity that is our southern border.
00:00:10.440 It's a disaster for the United States in so many ways,
00:00:14.500 rising crime rates, violent crimes up all across our country.
00:00:18.900 But I want to alert everyone to the massive costs of this Biden-inspired invasion
00:00:24.840 of as many as 14 million illegals since he took office.
00:00:29.340 Yes. Estimates are the total cost is half a trillion dollars.
00:00:33.820 The illegals are crushing our schools, hospitals, medical and social services are simply swamped,
00:00:39.920 housing, food and shelter, all that in the cost estimate.
00:00:44.100 And this at a time when the national debt is $34.5 trillion and rising dramatically.
00:00:51.440 That debt, though, is increasing by a trillion dollars every 100 days.
00:00:57.620 Please think about that.
00:00:59.780 A trillion dollars more in federal spending every 100 days.
00:01:06.220 That means the debt will total $38 trillion this year.
00:01:11.100 We're reaching the breaking point, folks.
00:01:14.220 Moody's has already cut its rating on U.S. government debt to negative from stable.
00:01:20.380 From the time of that warning last November, the national debt has risen another trillion dollars.
00:01:28.260 This is simply sheer madness.
00:01:30.800 The effects are already apparent.
00:01:33.400 Watch the regional and smaller banks.
00:01:36.160 Yesterday, New York Community Bank, its stock plummeted 26 percent
00:01:41.280 because its commercial real estate loans are threatened by declining commercial property values.
00:01:47.420 And I fear both the Biden runaway spending and the Fed's potential misjudgments
00:01:53.620 and Congress's refusal to stop the mad spending will lead to true disaster.
00:02:00.760 A Philadelphia bank is failing.
00:02:03.140 Republic First Bancorp.
00:02:05.120 Its stock is down to a penny a share.
00:02:08.200 Folks, I fear the fools who are running this country.
00:02:11.240 And so should we all, in my opinion.
00:02:14.020 Please join us for the Great America Saturday show today.
00:02:16.880 Thanks.
00:02:17.760 Have a great day.
00:02:18.960 This is Lou Dobbs with the Great America Update.