And they all had to go out at a premium on the interest rate. If interest this year will my math is about 1.2 trillion. That makes Interest [on the national debt] the second biggest expense in the United States government. So it's Social Security at 1,450,000,000, interest at 1.2 and then Medicare and Social Security or excuse me, Medicare and Defense are down here at around 8,900 billion. (28:32–28:55)
CLAIM
Asserts that interest on the national debt is the second biggest expense in the U.S. government.
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.
