Why has this occurred? Why are we having the worst bout of inflation in the last 40 years? It's real simple. Joe Biden and his Democratic allies, like Senator Baldwin, spent ungodly amounts of money and racked up trillions of dollars in debt. And as a result of that, that debt has to be monetized by the Federal Reserve. This is unsustainable. It's hammering middle income and lower income people, and particularly our elderly, that rely on fixed incomes. (00:29–00:39)
CLAIM
Asserts that Joe Biden and Democratic allies have significantly increased national debt.
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.
