Sec. Buttigieg on Pelosi’s Claim that Spending Reduces Debt: ‘It Is True’

KERNEN I just want ░░░░░░░░ read you something from ░░░░░░░░ Pelosi that I actually ░░░░░░░░ out and I just ░░░░░░░░ whether she believes this ░░░░░░░░ whether it s the ░░░░░░░░ of the administration See ░░░░░░░░ you think When we ░░░░░░░░ having this discussion it ░░░░░░░░ important to dispel some ░░░░░░░░ those who say well ░░░░░░░░ s the government spending ░░░░░░░░ it isn t The ░░░░░░░░ spending is doing the ░░░░░░░░ reverse reducing The National ░░░░░░░░ It is not inflationary ░░░░░░░░ you somehow give me ░░░░░░░░ logic does the administration ░░░░░░░░ you feel that s ░░░░░░░░ accurate statement and how ░░░░░░░░ you how does that ░░░░░░░░ How would you make ░░░░░░░░ statement in a logical ░░░░░░░░ Buttigieg Well I mean ░░░░░░░░ of all if you ░░░░░░░░ at our fiscal policy ░░░░░░░░ is true And amazingly ░░░░░░░░ lot of people don ░░░░░░░░ even know this that ░░░░░░░░ deficit has gone down ░░░░░░░░ down by a remarkable ░░░░░░░░ So I think part ░░░░░░░░ it is an expression ░░░░░░░░ that I think also ░░░░░░░░ of it is pointing ░░░░░░░░ the fact that some ░░░░░░░░ the investments that we ░░░░░░░░ help with inflation I ░░░░░░░░ that s definitely true ░░░░░░░░ the infrastructure investments right ░░░░░░░░ we know how infrastructure ░░░░░░░░ related to supply chain ░░░░░░░░ chain is related to ░░░░░░░░ That s one of ░░░░░░░░ reasons why you know ░░░░░░░░ there was this big ░░░░░░░░ whether the infrastructure bill ░░░░░░░░ going to be a ░░░░░░░░ for inflation you had ░░░░░░░░ lot of economists saying ░░░░░░░░ this and the Build ░░░░░░░░ Better vision taking this ░░░░░░░░ going to ease inflationary ░░░░░░░░ Now I also think ░░░░░░░░ the economic environment we ░░░░░░░░ in is very different ░░░░░░░░ the one that we ░░░░░░░░ to climb out of ░░░░░░░░ the president led the ░░░░░░░░ that got us from ░░░░░░░░ off the cliff worrying ░░░░░░░░ recessions and depressions to ░░░░░░░░ unprecedented level of job ░░░░░░░░ and economic growth in ░░░░░░░░ first year of the ░░░░░░░░ And along with that ░░░░░░░░ come a lot of ░░░░░░░░ that we re not ░░░░░░░░ to seeing And part ░░░░░░░░ that is definitely the ░░░░░░░░ of fiscal policy but ░░░░░░░░ s a fiscal policy ░░░░░░░░ that our economy is ░░░░░░░░ and growing in a ░░░░░░░░ way than I think ░░░░░░░░ any other developed country ░░░░░░░░ But it sounds like ░░░░░░░░ s saying we re ░░░░░░░░ to spend our way ░░░░░░░░ of debt Obviously no ░░░░░░░░ that has a credit ░░░░░░░░ bill thinks that the ░░░░░░░░ is to spend more ░░░░░░░░ is to say that ░░░░░░░░ spending actually reduces the ░░░░░░░░ Maybe she didn t ░░░░░░░░ that I ll give ░░░░░░░░ the benefit of the ░░░░░░░░ Buttigieg Coming from an ░░░░░░░░ perspective so I m ░░░░░░░░ about things like preventative ░░░░░░░░ where if you fail ░░░░░░░░ spend KERNEN You can ░░░░░░░░ a few examples You ░░░░░░░░ find a few examples ░░░░░░░░ in general we should ░░░░░░░░ we want to get ░░░░░░░░ we invest in and ░░░░░░░░ will hear that that ░░░░░░░░ s an investment not ░░░░░░░░ it should be something ░░░░░░░░ hopefully you re getting ░░░░░░░░ returns not wasted and ░░░░░░░░ we do try to ░░░░░░░░ our belts as much ░░░░░░░░ possible.”