… or more, just as a result of what I believe was massive overspending by the federal government. And we've changed that somewhat. Not as much as I would have liked. With the one big beautiful bill we, we did $400 billion worth of deficit reduction. But inflation is a silent tax and it eats up standard of living. It's something we need to be concerned about. It's something I know the Federal Reserve has been battling back and forth with the President on. (12:40–12:46)
CLAIM
Asserts that a bill resulted in $400 billion worth of deficit reduction.
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