If I had come to you a few years ago and said we're going to be over $100,000 a second in borrowing and almost all the growth of borrowing is interest. Interest now will be numbered 2 in our spending stack. and the growth of healthcare. Am I channeling you appropriately? Holy. Very much so. It's just terrifying to think that interest on the debt is greater than Medicare, greater than Medicaid, greater than the defense budget. (01:52–01:56)
CLAIM
Asserts that interest on the national debt is the second-largest expenditure in the U.S. budget.
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