Why people can't afford things is because of massive deficit spending which sparked 40 year high inflation, devalued the dollar. I mean to me it's pretty obvious, but normal Americans, they just get all surly about it. We're going to get [a debt crisis] if we keep doing this. I said, what will the effect of that be? You said massive instability in the society. What do you mean, what will that look like? (27:40–27:43)
CLAIM
Asserts that continued fiscal policies will lead to a debt crisis.
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.