But so far this fiscal year we're about, only about 55 days into this fiscal year we're borrowing about probably about $150,000 a second. So that means We will click off from October 1st to maybe just before Christmas, another trillion dollars in borrowing. And that borrowing is driven by interest. You know, all these bonds from years ago when interest rates were so low and demographics and that's the thing that is really uncomfortable to talk about. (05:26–05:35)
CLAIM
Asserts that the U.S. will borrow an additional trillion dollars between October 1st and just before Christmas.
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.
