Finance Expert and Fox News Contributor Liz Peek Weighs in on Reckless Federal Spending and Impending Inflation

Thursday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed financial expert and Fox News contributor Liz Peek to the newsmakers line to weigh in on fiscally irresponsible federal spending, inflation, and those industries in which we will see the repercussions.

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Commentary: PolitiFact Says 90 Percent of Biden Stimulus Spending Not Directly Related to COVID-19

President Biden’s $1.9 trillion “American Rescue Plan” could soon become law.

The budget-busting legislation, sold as emergency COVID response and “stimulus,” passed the Senate over the weekend. But even the liberal-leaning fact-checking website PolitiFact is pointing out that almost all of the bill’s spending is unrelated to the health effects of COVID-19.

“Total spending directly on COVID-19’s health impacts ranges from $100 billion to $160 billion,” fact-checker Jon Greenberg writes. “At the high end, direct COVID-19 spending represents about 8.5% of the bill’s $1.9 trillion cost.”

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