Don't play a game here. We will pay 1.2 trillion in interest this year. Interest of the United States in this fiscal year will be the second biggest expense in government. Social Security will be 1,450,000,000,000. Interest will be 1.2 trillion. Medicare, almost a trillion. Defense 960, 980. Think of that. Defense is now the fourth biggest expense in government. No longer the first or second. (03:45–03:48)
CLAIM
Asserts that Social Security expenses will be $1.45 trillion this 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.
