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J. D. Vance: “We inherited the highest peacetime debt and deficits in the…”

Featuring: J. D. Vance, Republican | Vice President of the United States | National

JD Vance: This was a HUGE political mistake

Published November 14, 2025 | Video Starts at 07:01

Well, some of it's already started, Sean, but some of it is going to take a long time. Because we inherited a disaster. We inherited the highest peacetime debt and deficits in the history of the United States of America. We inherited the worst inflation crisis in at least the last 40 years, and I think probably longer. So a lot of Americans, when we took over, they were struggling. (07:01–07:07)

CLAIM

Asserts that the current administration inherited the highest peacetime debt and deficits in U.S. history.

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.

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J. D. Vance

“We inherited the worst inflation crisis in at least the last 40 years.”
JD Vance: This was a HUGE political mistake | Uploaded November 14, 2025 | 07:06-07:11
“We flooded the country with 30 million illegal immigrants who were taking houses that ought, by right, go to American citizens.”
JD Vance: This was a HUGE political mistake | Uploaded November 14, 2025 | 08:19-08:27
“Under the Biden administration, the price of a new home literally doubled in four years.”
JD Vance: This was a HUGE political mistake | Uploaded November 14, 2025 | 08:49-08:54
“Under the Trump administration, housing and rent prices are up about 1% to 2%.”
JD Vance: This was a HUGE political mistake | Uploaded November 14, 2025 | 08:55-09:01
“We've seen about $18 trillion of new capital commitments.”
JD Vance: This was a HUGE political mistake | Uploaded November 14, 2025 | 10:15-10:20
“Today you have more people working in bank telling than you did 50 years ago.”
JD Vance: This was a HUGE political mistake | Uploaded November 14, 2025 | 14:40-14:46
“Democrats caused a lot of stress for our troops [during the government shutdown].”
JD Vance: This was a HUGE political mistake | Uploaded November 14, 2025 | 00:19-00:22
“They [Democrats] were saying that unless you give us everything that we want, you give us $1.5 trillion of benefits, health care for illegal…”
JD Vance: This was a HUGE political mistake | Uploaded November 14, 2025 | 00:19-02:24
“They made our air traffic controllers not get paid.”
JD Vance: This was a HUGE political mistake | Uploaded November 14, 2025 | 00:21-00:24
“They caused a lot of flight cancellations.”
JD Vance: This was a HUGE political mistake | Uploaded November 14, 2025 | 00:23-00:26
“They had a lot of people thinking they weren't going to get their food benefits.”
JD Vance: This was a HUGE political mistake | Uploaded November 14, 2025 | 00:25-00:29
“We could have struck this exact deal 45 days ago.”
JD Vance: This was a HUGE political mistake | Uploaded November 14, 2025 | 00:31-00:36
“There were 52 GOP senators, three Democratic senators [who supported the original bill to keep the government open].”
JD Vance: This was a HUGE political mistake | Uploaded November 14, 2025 | 01:19-01:32
“Privately, the Democrats would recognize the position of their far left was crazy.”
JD Vance: This was a HUGE political mistake | Uploaded November 14, 2025 | 03:25-03:30
“They wanted $1.5 trillion, a lot of that health care benefits for illegal aliens.”
JD Vance: This was a HUGE political mistake | Uploaded November 14, 2025 | 03:57-04:04
“They wanted us to undo all of the great border policy that we've been doing.”
JD Vance: This was a HUGE political mistake | Uploaded November 14, 2025 | 04:03-04:07
“The only way to get the people's government turned back on as quickly as possible was to sign the bill as quickly as possible.”
JD Vance: This was a HUGE political mistake | Uploaded November 14, 2025 | 05:26-05:33
“We care about Americans, they care about illegal aliens.”
JD Vance: This was a HUGE political mistake | Uploaded November 14, 2025 | 05:57-06:01
“The price of eggs has gone way down. The price of energy has gone way down. The price of gasoline has gone way down.”
JD Vance: This was a HUGE political mistake | Uploaded November 14, 2025 | 07:51-07:59
“A good year for the Biden administration was a few hundred billion dollars of investments.”
JD Vance: This was a HUGE political mistake | Uploaded November 14, 2025 | 10:27-10:32
“We probably need to build about 5 million new homes.”
JD Vance: This was a HUGE political mistake | Uploaded November 14, 2025 | 13:14-13:18
“In the blue states, you're not building enough houses.”
JD Vance: This was a HUGE political mistake | Uploaded November 14, 2025 | 13:27-13:30
“Austin, Texas, [is] seeing housing costs come down because they're choosing smart policies and they're building enough housing.”
JD Vance: This was a HUGE political mistake | Uploaded November 14, 2025 | 14:06-14:11
“If we really lean into robotics and technology, it's going to raise everybody's wages and make everybody better off.”
JD Vance: This was a HUGE political mistake | Uploaded November 14, 2025 | 14:23-14:30
“You're always going to need construction workers in this economy, but I want their wages to go up.”
JD Vance: This was a HUGE political mistake | Uploaded November 14, 2025 | 15:23-15:29
“Robotics help the construction workers and I think that's going to lead to higher wages and it's also going to lead to more homes for…”
JD Vance: This was a HUGE political mistake | Uploaded November 14, 2025 | 16:22-16:29
“The Democrat model was important. Low wage immigrants. And I really do think that hurt the jobs of our construction workers.”
JD Vance: This was a HUGE political mistake | Uploaded November 14, 2025 | 16:48-16:57
“If you use technology and you empower the blue collar workers rather than replace them with foreign labor, I think they're going to do way…”
JD Vance: This was a HUGE political mistake | Uploaded November 14, 2025 | 17:11-17:23