GOP Sen. Braun: Biden’s Budget Is Like Jimmy Carter’s Policies, Will Cause Stagflation

On Monday’s broadcast of Newsmax TV’s “Rob Schmitt Tonight,” Sen. Mike Braun (R-IN) said that the tax increases and spending in President Joe Biden’s budget proposal will lead to “stagflation that’ll be just like we had back in the early ’80s, late ’70s” because the policies in the budget are similar to the ones President Jimmy Carter had at the time.

Braun said that the spending in the budget will cause inflation to last longer, and “Sooner or later, we’ll run this place into the ditch, and it’s happening with something like this.”