For those of us who want to cut things, we get about a point of non discretionary or excuse me, a discretionary, non defense. But that's, you know, 300 billion there. If we could cut that much. Okay, so 2.5% this year. We're functionally this fiscal year so far, you know, we were expected to borrow about five, five and a half percent of GDP. We're closer to nine. Does anyone see a math problem there? If this is everything, the political rhetoric of they want to raise taxes, we want to cut and you only get this much. (29:29–29:37)
CLAIM
Asserts that the US is borrowing closer to 9% of GDP this fiscal year, exceeding expectations.
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.
