We have a spending problem. And although the speaker is right, this is historic amount of spending reduction. The problem is spending increases are an order of magnitude worse. We increased spending $2.1 trillion in one year. We're reducing spending here about 1.5, 1.6 trillion over 10 years. Again, it's a good start. (03:14–03:18)
CLAIM
Asserts that spending increased by $2.1 trillion in one year.
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