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Transcripts For CSPAN2 Washington Journal Tom McClintock 20240707

inflationary spiral. so, but as far as the biden administration, theyti caused this. i mean, what is the definition of inflation in it is too many dollarss chasing too few goods. the lockdown suppressed productivity for two years, this administration comes in spends trillions of dollars we don t have, prints those dollars and releases them into the economy. well, of course you re going to have a massive inflation. that s the very definition of inflation. it s not complicated. host: is that still happening by administering, and do you see those guest: it all depends if they re able tog get their so-called build back better agenda through, that s trillions of dollars of additional money that we don t have that has to be printed that will inflate the economy. right now interest rates are going up, but we ve got to hold line on spending. and it s all caused by the spending. if you want to know the entire budget in three numbers, it s pretty simple. 28, 76 and 89. 28, 76, 89

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