Sign them up, send us their phone number, we'll send them a text message every day and they can start to understand the scale of how much this US economy now is in debt. Remember, think about that. If the U.S. economy is about 28, 29 trillion and we're going to borrow this year, publicly borrow, maybe 2.7, 2.8 trillion, you're functionally borrowing what, 9% of the entire economy? That's remarkable. I'm hoping I'm wrong. CBO thought we'd only be about 5.4%. But if you look at our current burn rate, the concept and why that's important. (11:22–11:38)
CLAIM
Asserts that the U.S. is borrowing approximately 9% of its economy this year.
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.
