This slice, discretionary spending of about 1.7 trillion. Divided defense, non defense. This is really of great concern to us at the federal budget of total federal spending in FY 2025. Interest that we're paying on our borrowings is 13% of the total [federal spending]. And it's far more than that as a percentage of total discretionary. Right. So we don't really do a whole bunch over here, except on occasion we do change the law, which we just did last year. (14:41–14:47)
CLAIM
Asserts that interest payments constitute 13% of total federal spending.
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