… state or county government budget, with one exception, which is we can borrow money and we're busy borrowing a lot of money. That that's a problem for all of us. Interest on the national debt, by the way, is larger as an expenditure now than how much we spend on defense every year. So think about that. If you had a family budget and some people do, where interest was your largest expense, that would be a very difficult situation to be in. (48:38–48:47)
CLAIM
Asserts that interest on the national debt exceeds annual defense spending.
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