… Inflation Reduction act, where we're basically saying over the 10 years we're going to be pumping out a couple trillion dollars of subsidies to corporate America. Also the fact that Because of our debt and these higher interest rates, we're also pumping out $1.2 trillion of interest payments out. So that much cash flow is going out into the marketplace. At the same time, the Federal Reserve is over here trying to pull liquidity out of the market to slow down inflation. (02:37–02:47)
CLAIM
Asserts that U.S. debt and high interest rates are causing $1.2 trillion in interest payments.
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