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David McCormick: “The spending is the primary cause of the inflation.”

Featuring: David McCormick, Republican | U.S. Senate, Pennsylvania

On the Issues: Dave McCormick (4/10/2024)

Published April 10, 2024 | Video Starts at 18:11

If you go and talk to Larry Summers or Jason Furman, who are Democrat economists that work for President Obama and President Biden, they will say that The spending is the primary cause of the inflation. The second cause of the inflation is essentially the war on energy. And so this notion that we need to transition the economy, pause the development of natural gas, stop … (18:11–18:15)

CLAIM

Asserts that increased government spending is a major factor in current inflation.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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David McCormick

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“Policies that are being put in place are really hurting Pennsylvania and transitioning us to a different kind of economy.”
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“We lost 4,000 Pennsylvanians last year from fentanyl.”
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“We lost almost 100,000 nationally [from fentanyl].”
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“Illegal migrants come across the border. They apply for asylum. They're released into the economy in 48 hours.”
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“The first thing we need to do is have the President, President Biden, exercise all the authorities he has.”
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“Building a wall of some sort. That is a block.”
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“We should use our military in a very targeted way to take out the cartels.”
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“The Mexican government is compromised by the cartels.”
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“My unit was the first unit to deploy along the Kuwait, Saudi Arabian border.”
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“We were enormously dependent on Saudi Arabia for its oil.”
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“Saddam Hussein, who had already invaded Kuwait, was going to go past Kuwait into Saudi Arabia and take over the oil fields.”
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“My unit was there within the first three days.”
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“We went into Iraq and within, I don't know, 17, 18 days, something like that, ultimately there was an armistice and we withdrew.”
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“60% of Pennsylvanians live paycheck to paycheck.”
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“Developing our natural gas industry is great for our national security.”
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“Developing our natural gas industry is great for our economy here in Pennsylvania.”
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“Developing our natural gas industry is great for our environment.”
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“President Xi wants to replace America as the global superpower.”
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“We need to dramatically reduce our dependence on China.”
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“Businesses shouldn't be able to invest in a way that helps the Chinese military or the Communist Party.”
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“Certainly the COVID originated in Wuhan.”
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“The Act 77 allows for mail in balloting in a certain way, and Republicans have not embraced that.”
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