chief of staff france previous. heritage foundation, credible organization, the estimate $7200 per household on the inflation tax. how about snooze today? it s horrible. i was surprised at how about the numbers were. this is the ninth straight month that we ve had 8% inflation are more. another one of biden s lies, the one that you just played earlier shone, when he set a american tax people to make less than $4,000. sean, inflection is a tax! it s a tax on every single american in the country! it s not transitory, it s not temporary, it s not going away. the cause of this is the $4.1 trillion of spending, borrowing, and printing money by bud. he said it would cause a recovery but it hasn t done that. when i go to the grocery store or to the gas pump, people come up to me to get angry, they say,
whatsoever. that is right. the federal reserve is detached in that way from a political process. what happened in the wake of covid, with the cares act, the other acts coming through president biden s that money was yes, wrangled about in politics. it kind of went around to individuals. we focused on as a nation rather than focusing on the fact that yes, with the price of an electronic button, the fed and other central banks create money. they both doubled the size of 4.1 trillion dollars to before the pandemic, to almost nine trillion dollars in basically no time at all in the wake of the pandemic. that money flowed into stock markets. that s where we had so much of that path going upwards, that markets rebounded fabulously, as did banks and they also added capitals and everything else. we are safe even in these volatile times. reviewable don t have that cushion, they don t have that math, that money, as a result the real economy staggers, and when we have inflation, every
teaching history. be objective about it, don t be subjective. that s what i want and what most people want. bill: thanks for coming today. we ll also add this, when he passed the trillion dollar bills, you don t know what s in those bills. it might happen within months because they re considering a $4.1 trillion bill next. i don t know what s in for a trillion dollars, but it s a lot. thank you for your time. byron donalds, thanks. julie: attorney michael avenatti heading back to court today for his second criminal case, just weeks after receiving a prison sentence in his first one. we ll have a live report coming up on that. and the supreme court may be looking a whole lot different as president biden s commission considers several reforms. jonathan turley weighs in next. liberty mutual customizes car insurance so you only pay for what you need. how much money can liberty mutual save you? one! two! three! four! five!
eric: so well deserved. president biden is pressuring congress to pass his latest trillion dollar spending plan as the house returns to session on monday. but you know with inflation hitting levels not seen in 13 years, republicans are asking if now is the right time for massive government spending. susan ferrechio joins us with the washington examiner. senate democrats have agreed to, what, like $3.5 trillion in spending. they say it s not the time now to do this because of the economic pressures. what do you see happening? it s essentially a lot more than that a because you ve got the $1 is trillion infrastructure plan, and that would be combined later on with social spending program package which is $3 .5 trillion. in total, new spending, some of it is repurposed spending, you re looking at another $4.1 trillion, if republicans are really concerned about this because they re not quite sure how t all going to be paid for, with tax increases, will it add
however, it is connected to the separate bipartisan infrastructure bill, which one can collapse the other. lisa murkowski came out of one of the meetings on the bipartisan group quite optimistic. others are more skeptical. you ve seen some i would say under pressure from their leader senator mcconnell to say let s not give joe biden this. but if you add it up, the infrastructure framework, the bipartisan, $600 billion. then this resolution, $4.1 trillion in spending. the question is when the republicans who are right now part of the bipartisan plan see the 3.5 trillion, will they say, okay, it s not 6? or will they get pressure to walk away? the people who have been actively involved, i don t think the big reconciliation number turns them off. for so many of them, they re either pragmatic deal makers,