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Mike Garcia: “You are effectively paying 25% more than you did just four…”

Featuring: Mike Garcia, Republican | Former U.S. House, California, District 27

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Mike Garcia Town Hall 06AUG24

Published | Video Starts at 28:43

We have to actually go negative now on inflation. It's called deflation, which is also called a depression or a recession in order to get cost back. So You are effectively paying 25% more than you did just four years ago because of the excess debt. That's what I'm talking about. When we combo fighting community projects. I don't want to spend too much time on this. These are earmarks. I don't care if you call whatever you want earmarks. (28:43–28:50)

CLAIM

Asserts that costs have increased by 25% due to excess debt over four years.

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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