And failing to invest in those who need it most because our debt is bogging us down will only add fuel to that fire. On another front, Americans have continued to experience high inflation this year that can be tied to this growing national debt. And when inflation goes up, the Federal Reserve has to raise interest rates to combat those higher prices. And as interest rates rise, so do Americans largest expenses, from their car payments to their home mortgage to their student loans. (04:02–04:10)
CLAIM
Asserts that high inflation is linked to the growing national debt.
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