… add in the debt we will owe to the trust funds, what's left of them, we're at $56 trillion. 56 trillion. What happens if interest rates move against us? Remember, Interest today is the second biggest expenditure in this government. Social Security, and then behind that is interest, then Medicare, then defense. Defense is now the fourth expenditure in this government. And you try over and over and over. (18:15–18:20)
CLAIM
Asserts that interest payments are the second largest expenditure 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.
