The excessive government spending from 2020 – 2024 through the Biden era and the COVID response has caused the U.S. dollar to lose 20% of its value from 2020 – 2025. The COVID era government payments to businesses and individuals, over 4 trillion dollars in government spending, caused the federal deficit to skyrocket, at the same time devaluing the dollar in your pocket in a dramatic fashion. Everything was costing more while your dollar was valued less. Do the math. $5,000 in 2020 would take $6,450.98 today, reflecting a cumulative price increase of 29.02 percent and an average annual inflation rate of 4.34 percent, according to the Bureau of Labor Statistics.

When younger Americans are complaining that they can’t buy an affordable car or save for a downpayment for a home, they are stating reality. These are working young adults in their 20’s and 30’s, and for them the American Dream is slipping away. One young conservative pointed out to me who had a lapel pin with the active debt clock on it that read 39 trillion dollars, that it was 34 trillion when President Trump took his oath of office on January 20, 2025. He said, “This is a bipartisan problem.” He is right. These are complex problems and we didn’t get here overnight. U.S. Treasury Secretary Scott Bessent addressed the 40 trillion dollar federal debt and discussed the Administration's plans to reduce the federal deficit with tarriffs, economic growth, and going after waste, fraud, and abuse. Tune in to learn more!