And in a mere one year, it will even be bigger than Social Security. It is crowding out all expenditures, all this debt. And what has this debt done? And this Reckless spending has ignited the worst level of inflation that we've seen in 40 years. Food prices up, gas prices up, insurance prices up, housing costs, everything. It has hammered our middle class, our working class, our elderly who live on fixed incomes, real wages, those wages have not been able to keep up with this inflation. (02:46–02:53)
CLAIM
Asserts that current inflation is the worst in 40 years due to reckless spending.
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.
