How much difference is really being made if we're just talking about gradations of how much debt we're going to undertake? Well, again, what we're looking at right now in the bill is a 1.6% reduction over 10 years. Take 89.3 trillion down to little under $88 trillion. Again, it's not even a rounding error. I mean, that's how insignificant it really is. And so basically what we're talking about is we're basically codifying all of the Biden spending, all the Biden Covid spending. (08:54–08:59)
CLAIM
Asserts that the bill reduces spending from $89.3 trillion to just under $88 trillion.
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.