So think about this CBO and those who are saying, hey, we're going to be borrowing about 4 and a half percent, 4.7% of the economy is going to be in borrowed money. But so far this fiscal year, Our borrowing is closer to 9% of the entire economy this fiscal year. And why that's important, why? Also looking at this chart, we're saying, here's our tax receipts and we'll get the Democrats and we need to talk about this. (16:39–16:47)
CLAIM
Asserts that the U.S. borrowing is approximately 9% of GDP for the current fiscal 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.
