inflation our country has seen in years. cheryl: this was baked in and you saw market reaction yesterday, had a strong day. as expected, the fed did raise interest rates by half a point as soaring inflation continues. press conference, fed chairman jerome powell saying more rate hikes are on the way. inflation is much too high, we have tools we need and resolve it will take to restore price stability on behalf of american families and businesses. raised policy interest rate by half a percentage point and anticipate ongoing increases will be appropriate. cheryl: dr. kevin roberts reacting with both of you last hour. my wife and i say to our kids, money doesn t grow on trees, the fed has been making money grow on trees, 4.6 trillion dollars. that will come home to roost and
to be made for the democrat candidate? look, we ve had 4.6 trillion dollars of extraordinary spending, unpaid for spending as a result of covid. most of that was signed into law by trump, a smaller portion was signed into law by biden. and this station, you can blame biden for inflation, you can blame trump for the inflation. the fact is neither is applicable. we have inflation in germany, france, britain. our inflation is a tad higher than the average for the other rich countries in the world. they don t have trump, they don t have biden. they do have covid. this thing has disrupted the world economy. it s made it tough all over the world and only in america would we think it s all about us. it s not. it s about the virus and it s affecting the world. griff: and hopefully it gets better. congressman brad sherman, we look forward to having you back closer to the midterms. thank you. griff: and sending migrants
if the deaths still concern you, then the actual monetary costs should concern you. we spent 4.6 trillion dollars addressing covid and for the unvaccinated, the kaiser foundation estimates that we have spent 20 billion treated the unvaccinated. so to twin deadly like right now coming from republicans, literally killing us and costing us financially. costin one of the questions ie is at what point do these republicans reach a breaking point? not just in the country, but within their own base and with their own voters? at what point is the number of sick and dead going to be too high for them to accept? and at work we will they say no, political violence is not okay. and how would it look if they actually did that? they re not doing that. they will do that. and they re going to pay a price just as they did in california this past tuesday. because they are wildly out of
we talk about obamacare. greta: you talk about getting rid of it. here is what i see, i see a process going like the law requires. the house passes a budget, the senate is passing a budget. first time we ve seen that in four years, that s a good thing. the question now is can we start looking for common ground? can we start advancing toward a compromise? and the way we look at this as house republicans, we understand that our budget probably won t become law in every great detail, but hopefully we can get a down payment on this problem. a down payment on the deficit and debt to try to buy the country time and prevent a debt crisis. greta: so there s some compromise built in your budget. we cut 4.6 trillion dollars so somewhere between 0 and 4.6 trillion dollars in savings i d like to think there s a compromise. what makes it a little different, the democrats actually increase spending, net increase spending at a time when we have record deficits and they want another trillion dol
different programs and actually decide what you think should be cut? that s right. so he we have all of these different reforms, we have welfare reforms just like we put in 1996, the requirements and time limits and flexibility for the states to get people off welfare and back to work and apply those to the safety net welfare programs, we think it s a better way of fighting poverty. i mentioned state flexibility and medicaid and choice in competition for medicare, we mentioned a lot of other areas and we put the spending caps and government agency s budgets which makes them prioritize their spending and appropriations committee ultimately decides every little program within the government agency budget and putting the caps on spending. at the end of the day we re taking 4.6 trillion dollars out of the budget that would otherwise be spent. what does it mean in real annual terms. under our budget spending will still increase on average 3.4% a year, each year, and instead of the current