Every dime you as a member of Congress vote on is borrowed. Every dime we vote on. And if you use my projections on the borrowing for this year, $800 billion of Medicare is borrowed. and the economy is actually okay. How can we be at the current gdp? And I didn't check GDP now on the Atlanta Fed before I walked in here, but … (08:37–08:41)
CLAIM
Asserts that $800 billion of Medicare spending is financed through borrowing.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.