What happens if interest rates move against us? Remember, interest today is the second biggest expenditure in this government. Social Security, and then behind that is interest, then Medicare, then defense. Defense is now the fourth expenditure in this government. And you try over and over and over. So you see right here, 20, 24, 25, you see the little tiny movement we get in 26 and a couple years after that, and then boom. (18:26–18:29)
CLAIM
Asserts that defense spending is the fourth largest expenditure in the U.S. government.
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