The spending hasn't even started. It cannot be the cause of inflation in this cycle. And as a matter of fact, Inflation is a worldwide phenomenon. Outside of the United States, other countries, Turkey has 88% inflation. The United Kingdom is 10%. The United States is around eight. We're down the lower end of the tier. (05:54–05:57)
CLAIM
Asserts that inflation is occurring globally, not just in the United States.
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