And that makes the money that you have at home that you usually spend on gas and groceries less valuable. And it makes the cost of goods and services that much more expensive. And so Reducing our spending means balancing the budget, not spending more than we have in the treasury, and not printing more and more money. That will also help to bring down the federal funds rate, which is a direct input into the cost of borrowing for a home or borrowing for a car or to expand a business. (11:48–11:57)
CLAIM
Asserts that reducing spending involves balancing the budget and not printing excess money.
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