Paying for Economic Growth by Draining Savings and Adding Credit Card Debt
Heritage Foundation Research Fellow Joel Griffith says two-thirds of all current economic growth is driven by consumer spending. "We shouldn't necessarily just cheer on the growth. We need to look at how it is that consumers are spending more. We know that real incomes have declined, yet we are spending more adjusted for inflation," Griffith said. "How are we doing that if real incomes have declined? That is because savings rates have dipped to near all-time lows while credit card debt is at all time highs. In other words, this economic growth is largely illusory, and that is why Joe Biden's poll numbers are so low."
Previous video
Stinchfield: Michael Cohen, From Trump Fixer to Trump FoeNext videoHow The Democrats Are Planning To Rig And Steal The 2024 Election
Stinchfield: Michael Cohen, From Trump Fixer to Trump FoeNext videoHow The Democrats Are Planning To Rig And Steal The 2024 Election
SAVING THE NATION - BOOTCAMP FOR PATRIOTS AMAC SPECIAL
SEA POWER AND FREEDOM SPECIAL WITH STEVE BANNON
CHARLIE KIRK - A LEGACY REMEMBERED
Join us this Sunday at 10AM ET. for complete funeral coverage and remembrance of the life and legacy of our dear friend, Charlie Kirk - Hosted by Steve Bannon.
WATCH THE AMERICAN SUNRISE SHOW M-F AT 7AM ET.
WATCH THE LATEST EDITION OF WAR ROOM WITH STEVE BANNON
WATCH THE CHARLIE KIRK SHOW M-F AT 12NOON ET.
HUMAN EVENTS DAILYWITH JACK POSOBIEC
CATCH THE LATEST AMERICA'S VOICE LIVE SHOW
JOIN THE ERIC BOLLING SHOW M-F AT 4PM ET.
JUST THE NEWS - NO NOISE
THE GRANT STINCHFIELD TONIGHT SHOW M-F AT 7PM ET.
WATCH LIVE FROM STUDIO 6B M-F AT 8PM ET.
JOIN IN THE FUN ON THE LIVE FROM STUDIO 6B SHOW M-F AT 8PM ET.