Nimrod Nancy Defies Basic Economics, Claims Increased Government Spending Is 'Reducing the National Debt'

House Speaker Nancy Pelosi defied basic economics on Friday, claiming that increased government spending is “reducing national debt” — not contributing to the economic crisis.
The Biden administration began last week blaming Russian President Vladimir Putin for growing economic problems, despite inflation and gas prices being issues before Russia invaded Ukraine.
The shifting blame game comes as President Joe Biden begins a renewed push to revive his social spending agenda, which was killed last year when Sen. Joe Manchin (D-W.Va.) refused to support it. Deflecting blame for economic woes is a strategic political move because a majority of voters believe the economy is heading in the wrong direction and believe Republicans can fix it.