And here is the 2024 CBO long term debt report that I know every member of Congress here read every line. When I started doing this presentation a few years ago, the long term debt was 116 trillion. Remember I just told you it's interest and health care. And then if we backfill Social Security now it's 141 trillion. So as of March, when CBO did their long term number, it's no longer 116 trillion. It's 141. And if these interest rates stick around, which our economists say they're going to because we're still not at the historic norm. (22:37–22:54)
CLAIM
Asserts that long-term debt increased from $116 trillion to $141 trillion due to interest, healthcare, and Social Security.
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.
