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Ron Johnson: “About 18% of [the last stimulus checks] was spent on…”

Featuring: Ron Johnson, Republican | U.S. Senate, Wisconsin

Sen. Ron Johnson on Squawk Box: We need to target relief

Published December 31, 2020 | Video Starts at 00:52

And so the fact that we've had nine months to take a look at what happened with the last stimulus checks, by the way, About 18% of [the last stimulus checks] was spent on essential items. The rest was spent on either non essential items or paying off debt or additional savings. So it certainly wasn't stimulative. (00:52–00:57)

CLAIM

Asserts that only 18% of the last stimulus checks were spent on essential items.

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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