Eric Hovde: “We increased federal spending by 40% during the lockdowns.”

“So how are we going to fix it? That's the big question. As I like to say, the first thing you have to do is when you've dug yourself a hole, stop digging. We increased federal spending by 40% during the lockdowns. Now once the economy opened back up in 2021, you would have thought they would have pulled back federal government spending back to pre Covid levels. They didn't.” (03:12–03:18)

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.