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? And so I did want to put the next chart up here. (05:34–05:38)
CLAIM
Asserts that the federal government is projected to spend about $7.3 trillion this year.
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.
