Republican presidential candidate Nikki Haley became the latest 2024 White House hopeful to lay out an economic plan aimed at relieving financial burdens during a major policy speech at the New Hampshire Institute of Politics at Saint Anselm College on Friday.
During her speech, Haley primarily slammed President Joe Biden's economic policies for harming American families and businesses while China continues growing its global influence and threatening the United States's standing as leader of the free world."Today, we aren’t moving toward freedom anymore. In fact, we’re running away from it. Joe Biden is building the biggest government in American history. He's swapping freedom for socialism.
She also reiterated her support for reforming Social Security and Medicare, a stance that puts her at odds with some members of the GOP."Democrats and Republicans don't want to admit it. But Americans deserve the hard truth. Entitlement spending is unsustainable," Haley said."We need reform. The longer we wait, the harder it gets and the more painful it will be. I will protect those receiving Social Security and Medicare, that's a promise.
The former U.N. ambassador's speech comes as inflation rose 1.6% in August, according to the Bureau of Economic Analysis, lawmakers on Capitol Hill struggle to pass legislation to fund the government, and as the nation's debt hit $33 trillion for the first time. Rising grocery, gas, and housing costs are a top concern for the public, though the president has championed the results of"Bidenomics" as part of his messaging appeal to the public as he seeks reelection.
And as Congress inches closer to a federal shutdown, Haley noted that both Republicans and Democrats contributed to the dysfunction. Agreeing on spending levels for fiscal 2024 is one of the several disagreements in Congress over passing a stopgap measure to fund the government beyond the Sept. 30 deadline. Yet, Haley claimed that her administration would force Congress to balance the nation's budget or go without pay. "Every family and small business has to balance a budget.
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