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Ron Johnson: “That's what devalued our currency. That's what sparked 40…”

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

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Interview with Senator Ron Johnson on Trade Wars, Fiscal Policy, and US-Ukraine Economic Development

Published | Video Starts at 04:12

I'm interested in concentrating on reducing returning to a reasonable pre pandemic level spending. We spent $4.4 trillion in 2019 prior to the pandemic. Then we went on a massive spending spree, borrowed trillions of dollars. That's what devalued our currency. That's what sparked 40 year high inflation. We never stopped spending. We never stopped borrowing again. No family, if they got an illness in the family, would borrow $50,000 to pay for medical bills. (04:12–04:17)

CLAIM

Asserts that massive deficit spending devalued the currency and caused 40-year high inflation.

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