Excuse me, these tax hikes came out to about 1.5% OF GDP. Our cuts came out to about 1% OF GDP. Big two and a half percent. Looks like we're going to borrow 7.3% of the economy this year. and in nine budget years Moody says I'm going to show this board a couple times will be borrowing 9% of GDP. Now I'm sorry, most people, you know, David, we don't know what gdp. (03:23–03:27)
CLAIM
Asserts that the U.S. will borrow 7.3% of GDP 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.
