President Joe Biden won't be able to deliver on all the promises he's making with spending plans he has lined up and will be speaking about to members of Congress Wednesday night, former House Speaker Newt Gingrich said.
"The real pressure won't be about taxes; It will be about killing jobs," Gingrich told Fox News' "America's Newsroom" about the Biden plans and calls for childcare, paid family and medical leave, universal pre-school, free community college, and more.
"The kind of tax increases and regulatory increases that Biden is asking for are going to crush this economy as it is just beginning to come out of the whole COVID-imposed recession," said Gingrich. "I think that's when Americans will start saying wait a second, I'm not very comfortable."
Further, Biden is speaking at a time when a "huge increase in inflation is coming down the road," said Gingrich.
"Whether it's the price of gasoline or food or housing, we are seeing really big signs of something we haven't seen for a generation, and that's a combination of unemployment and a very high inflation rate," said Gingrich. "This will be an interesting speech. They have good speechwriters. Biden will have practiced. It will come off all right. But in the end, he is walking down a road that Jimmy Carter tried and it's a road that doesn't work. That's what you are going to see."
He further said that socialist countries that have tried plans like Biden's have ended up collapsing.
"Look at Venezuela, look at Zimbabwe and Cuba," he said. "You go down a road where there are no incentives, no after-tax opportunity, there is no chance for people to have a better future and all of a sudden people decide why go to work? The government is going to take care of me. You are already seeing this. Restaurants are finding it very difficult to find workers because they look at what they are getting in unemployment and the various, now free childcare, free junior college, go down the list and you will find a significant number of people that say that's fine, I'm just not going to work. I think creating a dependency culture is dangerous."
Gingrich said he thinks Republicans will be able to make their case because "I think that cuts through all the news media, cuts through all the advertising and presently common sense does, in fact, matter, or, at least it has for 225 years in this country," said Gingrich. "The common sense will be that you will either be an opportunity society or a dependency society ... I don't think most Americans want to live in a dependency society."
He also ridiculed plans for free community college, asking what it would teach.
"Can you get an undergraduate degree in wokeness or critical race theory?" said Gingrich. "Meanwhile the Chinese are getting degrees in engineering and science. I don't think we understand how big the crisis is in our educational system. Certainly, the party of the teachers union is not going to lead the effort to rethink and reform education. So Biden will preside over a four-year decay of our capabilities to compete in the world."
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