2019 we spent $4.4 trillion. Then the pandemic and we had to do something pretty quick, pretty massive so the markets wouldn't collapse. But we never stopped spending at that level. Next five years we averaged 6.5 trillion. Last year we spent 6.9. This year we'll spend about 7.3. So what I did during the Christmas New Year's break, I started thinking how can we return to a reasonable pre pandemic level? (05:28–05:32)
CLAIM
Asserts that the federal government averaged $6.5 trillion in spending over the next five years after 2019.
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.
