And they all had to go out at a premium on the interest rate. If Interest [on the national debt] this year will my math is about 1.2 trillion. That makes interest 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. (28:32–28:50)
CLAIM
Asserts that interest on the national debt will be about $1.2 trillion this year.
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