processed poultry 30%. to offset that, menu prices on average are up 4.7%. tucker: what is this exactly? we can t get enough food? a lot of things are happening and one of them is inflation. inflation is not an inflation is not an act of god. as a result of our u.s. policy. they re printing more u.s. dollars. why are they printing them? to pay for spending. spending that under the biden administration is literally out of control. there was a $10.1 trillion amount of spending obligations in 2020. $10.1 trillion. 2018, the total was $6.6 trillion, still a lot, very different than $10.1 trillion. the spending is, of course, on the way, more spending is on the way, because we could spend any amount of money. we hold the world s reserve currency. biden s so-called build back better bill is estimated to
eggs almost 40%. and process poultry 30%. to offset that, menu prices on average are up 4.7%. tucker: what is this exactly? we can t get enough food? a lot of things are happening at one of them is inflation. inflation is not an act of god, it s a result of government policy appeared the federal reserve has devalued the u.s. dollar by printing too many u.s. dollars. wired up and do them? to pay for more government spending. there was a $10.1 trillion amount of spending and obligations in the fiscal year 2020. 10.1 trillion. 2019 the total was 6.6 trillion. still a lot, but very different then 10.1. the spending is of course on the way, more spending is on the way because we can spend any amount of money. biden so-called build back
not just accountable. corporate america needs to understand this is a battle for the soul of america. they better step up and know how to articulate this message. ainsley: we know your story you worked hard to find success to spend send your kids through college like a lot of americans have. have you this group free school, free healthcare, free, free, free. make a lot of money share it with them. they think they are entitled to it. somehow everyone else got it. ainsley: jealous of your profits and they want a piece of it when they don t even go to work. steve: you guys are both money guys, one of the things the president talked a lot about last night was just the fact that the economy right now on his watch, he says, has never been better than it ever has before. since donald j. trump was elected in november of 2016, the stock market, the value, i should say, the value of all-american companies as on the stock market has gone up by $10.1 trillion. we have all got a piece of that
public debt secure ties to the form of bond and sold to someone is roughly $10.1 trillion and the chinese own a trillion dollars plus of that. the total debt is over $15 billion. but the difference between 15 billion and. bill: trillion you said billion. trillion. government obligations. one part of the government owes the government another part. the cbo said that the end of 2022 that that would be roughly $18 trillion the administration had forecast $15 trillion. and, look, historically the administration the obama administration is underestimated the deficit and underestimated its spending but you are right. it represents a huge threat and they re doing little, even congress is doing a little bit to restraining it but the president s budget proposal, which is what we are talking about here calls, you know, sort of says after next year we are going to dramatically increase spending again and let it go wild. bill: so, look. and as i said in the talking points memo. barack obama
public debt secure ties to the form of bond and sold to someone is roughly $10.1 trillion and the chinese own a trillion dollars plus of that. the total debt is over $15 billion. but the difference between 15 billion and. bill: trillion you said billion. trillion. government obligations. one part of the government owes the government another part. the cbo said that the end of 2022 that that would be roughly $18 trillion the administration had forecast $15 trillion. and, look, historically the administration the obama administration is underestimated the deficit and underestimated its spending but you are right. it represents a huge threat and they re doing little, even congress is doing a little bit to restraining it but the president s budget proposal, which is what we are talking about here calls, you know, sort of says after next year we are going to dramatically increase spending again and let it go wild. bill: so, look. and as i said in the talking points memo. barack obama