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Transcripts for FOXNEWS The Journal Editorial Report 20240604 19:42:00

with that comes concern about inflation. is that playing a role? absolutely. we have a deficit 5% gdp with full employment. one should be worried about what that might look like if the unemployment rate were to rise or we had a recession. the interesting thing now follows the debt interest expense is skyrocketing because many administrations but this administration has focused on funding itself short. 50% of debt matures in the next three years. net interest expense is going to exceed that of the defense budget next year. once you get into a situation like this. it s very difficult to get out of it without pain. we are the early stages of some of the pain we may see over the

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