There's now starting to be economic models and discussions talking about how the debt is going to make us all poorer and how it's starting to do that. You know, the fact that how much of your taxes, when I've shown things here where Every dime a member of Congress votes on today is on borrowed money. And so far this fiscal year, every dime of discretionary, every dime of defense and actually like a quarter of Medicare are on borrowed money. (08:07–08:13)
CLAIM
Asserts that all current congressional spending is funded by 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.