Biden Says Republicans Will 'Crash the Economy'

The video discusses a significant reduction in the federal deficit, highlighting a $1.4 trillion decline, the largest in American history. It includes the cost of a student loan plan and emphasizes the importance of corporate tax fairness and Medicare's ability to negotiate drug prices. The video criticizes Republican tax cuts for benefiting the wealthy and increasing the deficit. It warns of potential economic threats posed by Republican plans to extend tax cuts and cut Social Security and Medicare, with a firm stance against yielding to such demands.

What are the potential consequences of the Republican leadership's actions as described in the text?

What is the speaker's stance on cutting Social Security and Medicare?