inflation. trillion dollar spending programs. spending money that the government doesn't have. that's called deficit spending. the way that they manufacture, the way they make the balances, the books balance is by getting the fed to buy up all the debt that's being issued by the treasury department in order to buy up the debt the fed prints money. that's why the nation is awash in cash. the more cash you have, that means each individual dollar you have is worth less. we are thinking of spending a trillion dollars more in terms of the build back better plan. the president says that's going to lower inflation. most people say that's nuts. >> gillian: the other thing that the white house blames the problem on is supply chain crunch. the council of economic advisors said a couple hours ago that that was the core of the issue. take a listen to what else he said. >> one of the things we like to point out in that regard, if you look at people's incomes, they