Then we went on a massive bipartisan spending spree, $6.6 trillion in 2020. The pandemic eventually wound down okay. We were actually coming well out of it by the end of 2020. We certainly didn't need the Inflation Reduction act, which sparked 40 year high inflation. Last five years we've averaged $6.5 trillion. Last year we spent 6.9. This year we'll probably spend about $7 trillion. You know, Mr. Antoni, is there any justification for maintaining this level of spending now? (02:49–02:54)
CLAIM
Asserts that the Inflation Reduction Act contributed to a 40-year high inflation.
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.
