While a host of factors likely contributed to the collapse of Silicon Valley Bank, the major one was directly attributable to President Joe Biden and his administration, says President of Americans for Tax Reform, Grover Norquist.

“The president did this to us,” Norquist said during an appearance on Newsmax TV’s “Wake Up America.”

“When President Biden and the Democratic Congress spent trillions of dollars that they didn’t have on things that were only important to the Democratic Party’s donor base, you made the currency … worth less,” he added. 

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