Now, we saw treasury yesterday basically release an update that's saying gross interest this fiscal year will top a trillion dollars. You know what that means? Social Security is our number one spend. Interest just became our number two spend. Medicare is our number three spend and Defense now is our number four spend. We're not going to balance the budget through discretionary, but somewhere here I don't know how to get it into our lexicon and our culture that everything we now vote on as members of Congress comes off of borrowed money. (01:38–01:47)
CLAIM
Asserts the ranking of federal spending priorities, with interest payments now second.
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