… on spending through rescission packages, through the appropriation process, but maybe through another reconciliation package or two, again, return to a reasonable pre pandemic level spending. And quick, describe that. If you take, for example, Clinton in 1998, I think he spent some at $1.7 trillion. If you increase that based on population inflation, spend what we're spending on Social Security, Medicare and interest, leave those alone. But all other outlays just increase by population inflation growth, we'd be spending about 5.5 trillion versus the 7 trillion. Again, I don't think we spent too little in 1998. If you do the same thing for Obama 2014, that'll be about 6.2 trillion. If you do Trump's 2019 spending, it'd be about 6.5. (04:34–04:57)
CLAIM
Asserts that adjusting 1998 spending for inflation and population would result in $5.5 trillion spending today.
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.
