We have to understand what caused these 40 year high inflation rates. It's out of control deficit spending. I voted against most of it. But unfortunately President Biden...put forward another $1.9 trillion Covid relief package when we had a trillion and a quarter left unspent from the previous Covid relief packages. I was warning about stagflation early in 2021. So the solution is stop the deficit spending, stop growing our debt. But understand that a dollar you held the start of the Biden administration is now worth only 88.3 cents. (09:50–09:56)
CLAIM
Asserts that Biden proposed a $1.9 trillion relief package with $1.25 trillion unspent from previous packages.
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.
