Here's your summary from We won’t tame inflation if our spending problem grows: Larry Kudlow (https://www.youtube.com/watch?v=VNZ6LTuy3hI) on the Fox News channel:
**TLDR:** Inflation is on the rise due to excessive spending, with real wages declining and consumer prices increasing.
1. Inflation numbers are high, with the Consumer Price Index up around 20% during the Biden administration.
2. The Congressional Budget Office reports a worsening debt crisis caused by excessive spending, with debt projected to reach around 50 trillion.
3. Real wages are declining, gas prices are up 45% from 4 years ago, and food prices have increased by 20%, indicating a significant impact on consumers.
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