This is one of the biggest problems we have in our federal government, which nobody wants to talk about, but we have to talk about it somehow. Okay? So that's very, very fast. Federal Government 101. The bottom line, We appropriate every year we focus on discretionary spending, about $1.7 trillion a year at present. But we are borrowing a lot of money because we are not collecting as much in taxes as we're spending in revenues. And that's going to catch up with all of us over time. (20:13–20:22)
CLAIM
Asserts that current annual discretionary spending is approximately $1.7 trillion.
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