I've brought lots and lots of charts here over the last couple years, sort of demonstrating sort of the death spiral the country is heading towards. When interest, when Total interest this year is going to be maybe just a little shy of 1.2 trillion, making interest the second biggest expenditure in this government. So Social Security will be about a trillion 480 billion interest 1.2. And then believe it or not, Defense and Medicare are fighting for who's going to be third and fourth. (00:40–00:51)
CLAIM
Asserts that interest payments will be nearly $1.2 trillion, making it the second largest government expenditure.
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.