Discover video-sourced quotes by politicians

Ron Johnson: “If you go back to Bill Clinton's 1998 budget...we would have…”

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

‘They Pay A Really Heavy Price’ Ron Johnson Warns About How Inflation Affects Seniors

Published February 4, 2025 | Video Starts at 03:29

Well, in that case, then, no, there is absolutely no justification for the figures on your chart there. So I've given my colleagues a number of options to return to a … If you go back to Bill Clinton's 1998 budget...we would have a spending level of $5.5 trillion. … trillion of revenue. That's how close we are to a balanced budget. Is that reasonable, Mr. Ferri? I don't think I followed all your numbers, Senator. (03:29–04:03)

CLAIM

Asserts that adjusting the 1998 budget for inflation and population growth would result in $5.5 trillion spending.

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.

Discover more from

Ron Johnson

“Inflation is really bad for seniors and they pay a really heavy price.”
‘They Pay A Really Heavy Price’ Ron Johnson Warns About How Inflation Affects Seniors | Uploaded February 4, 2025 | 00:08-00:12
“A dollar Americans held in 1998 is now only worth 51 cents.”
‘They Pay A Really Heavy Price’ Ron Johnson Warns About How Inflation Affects Seniors | Uploaded February 4, 2025 | 00:18-00:24
“A dollar you held only 10 years ago, in 2014 or 12 years ago, is now worth 74 cents.”
‘They Pay A Really Heavy Price’ Ron Johnson Warns About How Inflation Affects Seniors | Uploaded February 4, 2025 | 00:24-00:30
“A dollar we held before the pandemic started was about 80 cents.”
‘They Pay A Really Heavy Price’ Ron Johnson Warns About How Inflation Affects Seniors | Uploaded February 4, 2025 | 00:29-00:34
“Massive government spending, deficit spending, printing the dollar too many dollars, chasing too few goods [causes inflation].”
‘They Pay A Really Heavy Price’ Ron Johnson Warns About How Inflation Affects Seniors | Uploaded February 4, 2025 | 01:39-01:42
“We certainly didn't need the Inflation Reduction act, which sparked 40 year high inflation.”
‘They Pay A Really Heavy Price’ Ron Johnson Warns About How Inflation Affects Seniors | Uploaded February 4, 2025 | 02:49-02:54
“Last five years we've averaged $6.5 trillion [in spending].”
‘They Pay A Really Heavy Price’ Ron Johnson Warns About How Inflation Affects Seniors | Uploaded February 4, 2025 | 02:54-02:58
“Last year we spent 6.9 [trillion]. This year we'll probably spend about $7 trillion.”
‘They Pay A Really Heavy Price’ Ron Johnson Warns About How Inflation Affects Seniors | Uploaded February 4, 2025 | 02:59-03:02
“President Biden's projecting $5.5 trillion of revenue.”
‘They Pay A Really Heavy Price’ Ron Johnson Warns About How Inflation Affects Seniors | Uploaded February 4, 2025 | 04:02-04:09
“We shouldn't be spending at $7 trillion level over 50% higher than the start of the pandemic.”
‘They Pay A Really Heavy Price’ Ron Johnson Warns About How Inflation Affects Seniors | Uploaded February 4, 2025 | 05:20-05:35
“Interest payments in December 2024 were $140 billion.”
‘They Pay A Really Heavy Price’ Ron Johnson Warns About How Inflation Affects Seniors | Uploaded February 4, 2025 | 06:06-06:11
“Biden's budget number at 965 [billion for interest expense]...interest is going to be 1.2 trillion.”
‘They Pay A Really Heavy Price’ Ron Johnson Warns About How Inflation Affects Seniors | Uploaded February 4, 2025 | 06:28-06:36
“The 965 is a reasonably accurate [number for net interest].”
‘They Pay A Really Heavy Price’ Ron Johnson Warns About How Inflation Affects Seniors | Uploaded February 4, 2025 | 07:07-07:10