Schiff argues both Republicans and Democrats caused America's economic problems through deficit spending, using the Warsh Fed confirmation hearing as the news peg. The core claim—that both parties spent recklessly—is historically accurate; Republicans backed the 2017 tax cuts and COVID spending while Democrats did the same. But Schiff offers no specific evidence about what Republicans said during the hearing itself, and the 'both sides equally to blame' framing obscures that Republican tax cuts were explicitly designed to reduce revenues during economic expansion, whereas Democratic spending was largely emergency-focused. He doesn't address which specific policies or time periods he's referencing.